Hankook Archives - Page 57 of 80 - Tyrepress

Posts

Dunlop Ends DTM Supply, Hankook Expected to Take Over

Dunlop has announced the impending discontinuation of its exclusive tyre supply of the touring car masters’ series, the DTM. This decision to part ways with what is called Europe’s most popular touring car race series was jointly reached with series promoter ITR e.V following several months of negotiations; the official end of supply on December 31 will close the book on a relationship in place since the championship’s revival in 2000. The ITR says details of a replacement tyre and series partner will be announced ‘right after’ an agreement is officially signed. It is widely known that Hankook is to be this partner; the Korean manufacturer is said to have outbid Dunlop for the position and is expected to sign a contract up to 2013 as soon as the current race season is over.

22nd November 2010/by Tyrepress Editors

Hankook Stock Falls 2% After Rating Cut

Despite earlier positive news about the second phase of production at the company’s Hungary plant reaching the production readiness ahead of schedule, Bloomberg reports that Hankook Tire Co. shares dropped 2 per cent to 29,100 won during trading on 17 November 2010.

17th November 2010/by Tyrepress Editors

First Tyres From Phase 2 of Hankook Hungary Plant Produced

Hankook Tire reports that the first additional tyres produced at the firm’s Rácalmás, Hungary as part of the factory’s second phase expansion plan have rolled off the production line well ahead of its target date. The construction of the factory’s second phase had started in September 2009 and will reach its full capacity by the second half of 2011. According to the plans, the new 58,000 square metre sized unit will then be able to produce a further 16-17 thousand tyres a day taking daily production at the plant to 34-35 thousand units daily. According to the company, increased demand has allowed Hankook to invest a further 230 million euros in this expansion bring total investment in the site up to 550 million euros.

17th November 2010/by Tyrepress Editors

Hankook Focuses on Eco-Tyre Trend

According to Hankook Tire’s vice president, Pae Ho-youl, green tyres will be the tyre industry’s “keyword” for some time to come. For this reason the Korean company is making substantial investments in this area. Pae recently told the Korea Times newspaper than Hankook had spent 20 billion won per annum while working on its enfren environmental tyre, which was released in 2008 following two years’ of technical development. Now the tyre maker has previewed its latest version of the green tyre, the ‘enfren eco’, at the SEMA Show in Las Vegas. Hankook says the enfren eco is designed with fuel efficient vehicles such as the Toyota Prius and Honda Civic Hybrid in mind.

11th November 2010/by Tyrepress Editors

Hankook’s Mikkelsen to Build on Scottish 2nd in IRC Final Round

Hankook says it is ready to round off its Intercontinental Rally Challenge campaign in style with driver Andreas Mikkelsen when Cyprus hosts the final round this weekend. The Norwegian finished second overall in the recent Rally of Scotland and is hoping to be back on the podium on the FXPro Cyprus Rally which gets underway on Thursday. Mikkelsen and co-driver Ole Fløene will once again be in the Hankook Ford Fiesta S2000 – the M-Sport prepared car the team has used during its 2010 programme of events.

2nd November 2010/by Tyrepress Editors

TAFF Awards Tyre Manufacturer of the Year – Bridgestone

Nominations for this year’s Tyre Manufacturer of the Year Award were fairly evenly split between 2009 nominees vying for success this time round (Bridgestone, Continental and Michelin) and relative newcomers in this category Hankook and Vredestein. With some characterising this as a David and Goliath fight, in a twist that betrays the original story the UK part of the current world number one – Bridgestone – won out. Last year’s winners Continental were left to congratulate Bridgestone on its success, but with one of the two awards the German-based company won in 2009 now out of contention, would the company go home empty-handed?

28th October 2010/by Tyrepress Editors

Hankook Delays US Price Increase citing "Supply Difficulties"

Hankook Tire America , which previously announced it would raise prices on all consumer and commercial tyres effective with shipments on 1 November, has postponed the increase until 1 December due to “our current supply difficulty,” reports Tire Review.

27th October 2010/by Tyrepress Editors

Hankook Tire Unveils Times Square Billboard

Hankook Tire, reportedly the world's fastest growing tire company, has unveiled a tyre-shaped building wrap that stretches across the New York Marriott Marquis hotel in the world-famous Times Square.

"This is another example of our commitment to raise the premium profile of Hankook Tire brand in North America," said Soo Il Lee, president of Hankook Tire America Corp. "As the quality and performance of Hankook tyres continues to be the foundation of our sales success, we must intensify our effort to attract even more new consumers to consider Hankook Tire brand. We see this as a unique opportunity to do just that. This billboard will generate millions of brand impressions in a short period of time and associates Hankook Tire with some of the most popular consumer brands in the world."

18th October 2010/by Tyrepress Editors

Kumho Raises US Prices

Kumho Tire USA said it will increase pricing on all products in the US by up to 6.5 per cent. The increase, effective November 1, will include in-line adjustments. Kumho joins Hankook, Goodyear, Pirelli and Cooper, which have recently announced price hikes.

5th October 2010/by Tyrepress Editors

Hankook Raising Prices in US

Prices for Hankook Tire America’s passenger car, light truck and medium truck tyres will increase by up to 6.5 per cent on November 1, 2010. The company reports that rising energy, raw materials and transportation costs have necessitated this price adjustment.

1st October 2010/by Tyrepress Editors

Hankook Golf Day Goes With A Swing

Hankook Tyre UK recently (16th September) hosted its second annual Golf Classic Day at the Hellidon Lakes Golf & Country Club, near Northampton. As the name suggests, water features strongly in the layout of the course and it proved a stern test for the 64 golfers, made up of tyre retailers and fleet managers. Joining the guests were Matt Cornwell and James Elliott, two first team players from Northampton Saints Rugby Club, sponsored by Hankook and currently riding high at the top of the Aviva Premiership.

28th September 2010/by Tyrepress Editors

Hankook Awaiting Further Information Following Daejeon Employee Death

The Korea Times has reported the death of a 27-year old man employed as a subcontract worker in Hankook Tire’s Daejeon factory in South Korea. According to the September 27 published article, the death is the 16th amongst workers at Hankook’s Korean facilities since May 2006 and the deaths “are suspected to be related to the working environment.” The man, who is identified by the name ‘Lee’, is said to have had no previous health concerns and was employed to examine the surface of newly manufactured tyres.

27th September 2010/by Tyrepress Editors

More than Blue Sky Thinking – Hankook Displays Concept Van Tyre

If Hankook Tire has its way, van drivers will not be excluded from a future that includes more environmentally friendly tyres. The Korean manufacturer has shown off its vision for a more fuel-efficient and lower rolling resistance van tyre at the IAA Commercial Vehicle show in Hannover, Germany. Hankook calls this prototype tyre Concept Blue and says it anticipates future trends starting at the tyre dimension 195/45 R 20. The tyre’s diameter of 700 mm is relatively large by comparison to its width, proportions that Hankook says yield a characteristically narrow yet high-profile silhouette that “fits perfectly with the overall image of electric and hybrid vehicles.” From a technical standpoint, the combination of a low air drag coefficient and low rolling resistance means that less energy is used. Hankook also points to the sidewall and shoulder area’s aerodynamic properties as two other design highlights.

23rd September 2010/by Tyrepress Editors

Hankook CEO Says Industry Needs to Pull Together on Consumer Education

In his keynote speech at the Tire Society annual conference yesterday in Akron, Hankook Tire Co. president and CEO Seung Hwa Suh called on the global tyre industry to pull together to improve consumer tyre education, reports Tire Review. And Suh warned that tyre-makers needed to be more mindful of their impact on the environment. Suh’s comments came on the first day of the 29th annual Tire Society Annual Meeting and Conference on Tire Science and Technology.

21st September 2010/by Tyrepress Editors

Hankook to Produce Truck Tyres in Hungary

According to Hankook Tire Europe executive vice president and COO Jin-Wook Choi, the company holds the long-term goal of doubling its annual European production to more than 20 million units. In addition to this sizable increase in passenger car, 4×4 and van tyre production, the company has decided that in the long-term to add a truck tyre production line at its factory in the Hungarian town of Dunaújváros.

20th September 2010/by Tyrepress Editors