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Kumho Auto GP 2014 tyre supply lines up with Formula One

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Auto GP 2014 car

Pirelli currently has an exclusive tyre supply deal with Formula One until the end of the 2016 season, but another manufacturer appears to be positioning itself for a run at single seat motorsport’s zenith. Kumho has been the sole tyre supplier to the F1 feeder series Auto GP since 2012, and has provided a product designed to provide its drivers with experience of the type of tyre management fundamental to today’s grand prix racing – the level they all aspire to.

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Related news:

  1. Pirelli 2014 F1 tyres first details, special winter spec tyre for Jerez
  2. Kumho reviews motorsport season
  3. Who would be a tyre supplier?
  4. Pirelli confirmed F1 tyre supplier until 2016, reveals new rules
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Kumho, Nexen OE for Kia electric car

Two of South Korea’s three tyre makers have developed tyres specifically for fitment on the Soul EV, the first electric car produced by Kia. The Korean manufacturer says Kumho Tire and Nexen Tire have developed low rolling resistance 205/60R16 tyres for the vehicle, which debuts at the Geneva Motor Show this week. These reduce rolling resistance by ten per cent without impacting on ride comfort, handling, NVH or braking distance, says Kia.

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  1. Tyre Makers Go Global
  2. Pirelli highlights OE business, market-specific products at NAIAS 2014
  3. Nexen OE on 2015 Chrysler 200
  4. Nexen exhibits at Shanghai Motors Show
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Kumho begins NBA basketball partnership

Kumho Tire and North America’s National Basketball Association (NBA) have entered into a new multiyear marketing partnership that will make Kumho the official tyre of the NBA and NBA Development League (NBA D-League) in the US and South Korea. This is the first official tyre partnership for both leagues and is Kumho Tire’s first partnership with a US sports league.

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Related news:

  1. New marketing role to oversee Bridgestone Americas’ consumer business
  2. Tyre makers get behind US college basketball
  3. Kumho official tyre of US Soccer Federation
  4. Conti Hooks Up With Giovanna in Marketing Deal
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Yokohama, Kumho follow MoU up with R&D master agreement

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The Board of Directors at Yokohama Rubber and Kumho Tire have resolved to enter into master technological alliance agreement. This agreement is the result of discussions between the two companies following their signing of a Memorandum of Understanding on 29 November 2013; Yokohama says the newly-signed agreement defines the framework and purpose of the technology alliance the two tyre makers will share, and it paves the way for further discussion of the details of the their proposed technology tie-up.

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Related news:

  1. Kumho, Yokohama extend cooperation with R&D agreement
  2. Kumho takeover implosion isn’t the end of market consolidation attempts
  3. Yokohama Rubber ends technology tie-up with Kumho Tire
  4. Kumho Tire to aid Pakistani firm’s entry into tyre manufacture
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Kumho 2013 performance lags behind prior year

Kumho Tire has informed the Korea Stock Exchange that its 2013 sales, operating income and net profit were lower than the comparative figures for 2012. According to the company’s consolidated financial statements, total sales last year amounted to KRW 3,698.5 billion (£2.1 billion), a year-on-year reduction of 9.1 per cent. Operating income, at KRW 348.2 billion (£197.8 million), was down 7.2 per cent on the 2012 result. Net income for 2013 was KRW 117.4 billion (£66.7 million) and 10.1 per cent less than a year earlier.

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Related news:

  1. Kumho Tire tipped to exit workout programme this year
  2. Kumho Tire’s net losses deepen
  3. Kumho Petrochemical to sell its share in Kumho Tires
  4. Announcement “soon” on Kumho US plant start date
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Kumho Tyre gains naming rights for Australian Junior Rally Challenge

Kumho Tyre Australia has become the new naming rights sponsor for the Australian Junior Rally Challenge, further expanding the company’s backing of the ECB Australian Rally Championship. Kumho is already the championship’s official tyre supplier. Announcing the company’s participation as naming rights sponsor, Kumho Tyre Australia’s national marketing and training manager, David Basha, said “Kumho believes in the future of the Australian Rally Championship and backing the Junior Challenge is all about nurturing the future stars of the sport who will help build interest in the championship overall.

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Related news:

  1. Kumho Australia appoints NSW motorsport tyre distributor
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Kumho Tire tipped to exit workout programme this year

Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire makes the company good value for investors. In comments published by English-language Korean ICT publication IT Times, analyst Kim Jin-woo said the tyre maker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current Kumho Tire share price. Kumho Tire thus has been given a “buy” recommendation by Korea Investment & Securities and the target share price has been set at KRW 16,000.

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Related news:

  1. Kumho Petrochemical to sell its share in Kumho Tires
  2. Kumho creditors considering Daewoo share sale
  3. Matador sells share in Addis Tyre
  4. Strikes begin at two Kumho plants
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Kumho introduces self-sealing technology

On 2 January, Kumho Tire announced the domestic market launch of its first self-sealing tyre. The company’s ‘K-Seal’ technology has been introduced on the Kumho Majesty Solus range and is available in three sizes – 275/40ZR19 XL 105W, 245/45ZR19 XL 102W and 235/45ZR17 XL 97W. These tyres are capable of self-sealing tread punctures of up to five millimetres in diameter.

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Related news:

  1. Toyo Introduces The New 350 Tyre For Small To Medium Cars
  2. Kumho to Focus on Regional Truck Sector
  3. Kumho Marks Half-Century with New Performance Tyre
  4. Indian Tread Rubber Producers Raise Prices
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New sales VP, regional sales VPs at Kumho Tire U.S.A.

Kumho Tire U.S.A. has announced several recent additions to its sales force. John F. Hagan has been appointed the company’s new national sales vice-president, while Kirk Papazian joined the company in September as vice-president of sales for the Western Division and Stephen Clave became Kumho Tire U.S.A.’s vice-president of sales for the Eastern Division as of 1 November 2013.

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Related news:

  1. Toyo Taps Hagan to Head Sales
  2. Kumho names new OE, domestic replacement head
  3. Tate takes on Trelleborg US sales role
  4. Ceva to Run Pirelli Distribution Centre
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[Re]defining brand boundaries?

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When Ashley Croft used his farewell Tyre Wholesaler Group annual chairman’s speech to ask how we define what a “premium” tyre is, he captured something of this year’s tyre industry zeitgeist (click here for full coverage of the speech). Of the speech didn’t just deal with this question – it touched on labelling, part worns and what the UK industry is doing to improve the availability of good market data too – but, if the market ruminations of a number of key players are anything to go by, Croft wasn’t the only one to have been raising this question during the last 12 months.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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Related news:

  1. What is a premium brand?
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Mid-range online brand value growing
  4. TWG chairman solidifies stance against ‘pop-up pushers’ of part-worn tyres
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Yokohama and Kumho sign technology exchange, capital alliance MOU

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The Yokohama Rubber Co., Ltd. And Kumho Tire Co., Inc. signed a Memorandum of Understanding (MOU) on 29 November. The companies report that they have agreed to open discussions relating to technology exchanges and a capital alliance based on “cross-shareholdings”.

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Related news:

  1. Kumho takeover implosion isn’t the end of market consolidation attempts
  2. From Birmingham to Beijing, on Goodyear tyres
  3. Cooper expresses ‘surprise’ at off-take reports
  4. Chinese recall of 75,000 Kumho-shod cars announced
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Sailun welcomes new developer to European team

Sailun has announced the appointment of Thomas (WookChoon) Jang as the latest tyre developer to join its European head office team in Birmingham. Jang will specialise in the development of products for the Sailun passenger car and light commercial vehicle tyre range.

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Related news:

  1. Nexen Setting Up European Technology Centre
  2. Update: Kumho to Supply Mercedes Benz
  3. Open road trial for Conti automated driving system
  4. Kumho OE for B-Class
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Kumho extends Australian rally commitment

Kumho Tyres Australia has renewed its support for the Australian Rally Championship. The company has been involved with the East Coast Bullbars Australian Rally Championship for the past four seasons and has now committed to being official tyre supplier up until at least 2016.

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Related news:

  1. Kumho Sees Mortara Win Euro F3 Series to Crown “Successful” Motorsport Season
  2. Kumho Australia appoints NSW motorsport tyre distributor
  3. Kumho Mentioned in BBC Motorsport Coverage
  4. Hankook takes over as Formula 3 Euro tyre supplier
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Kumho OE for B-Class

Kumho reports that in October it began delivering its Ecsta HM KH31 for original equipment fitment on the Mercedes-Benz B-Class. The compact Mercedes-Benz receives size 195/65R15 91H tyres produced at Kumho’s Tianjin factory in China.

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  1. Update: Kumho to Supply Mercedes Benz
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