Kumho Archives - Page 26 of 51 - Tyrepress

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CDP Group discusses counter-trend strategies in Italian wholesale market

CDP Group’s CEO Andrea Reggi calls 2011 "a year of consolidation", which ended with success. While the turnover remained constant at about 38 million euros, net profit came in at more than 2 million euros, an improvement of 15 per cent over the previous year and a percentage of profit on turnover of more than 5 per cent. Reggi hit the targets he stated in an interview with PneusNews.it last year: to strengthen the company’s financial position, increasing the return but not the turnover. "In 2011 I wanted to understand if the 38 million euros in revenue, achieved in just three years, was a temporary episode due to specific factors such as winter 2010," said Reggi.

1st March 2012/by Tyrepress Editors

Kumho adds KL21 to its 4×4 range

Kumho recently introduced the Solus KL21 all-season tyre for on-road use as a way of extending the company refers to as its range for all seasons. Available in top-selling sizes such as 235/65 R17 and 235/60 R18, this street terrain tyre is designed to deliver wet traction combined with low noise and rolling resistance. The KL21 is extensively fitted by Hyundai and Kia to their latest SUV models and has recently been approved for fitment to the new Jeep Grand Cherokee.

14th February 2012/by Tyrepress Editors

New top man at Kumho Tires

The Kumho Asiana Group has appointed Kim Chang-kyu the new chief executive officer and president of Kumho Tires, effective 1 February. Kim, whose career within the Kumho group of companies began in 1977, previously served as president and CEO of Kumho company Asiana IDT, a position he’d held since April 2009. Other prior roles within the company include president and CEO of Kumho Trading and president and CEO of Kumho Resort. Kim’s previous experience within Kumho’s tyre business includes roles within Kumho Tires’ export/specialty sales/overseas division between February 1991 and the end of 2000 and with Kumho Tires Dubai between 1984 and 1991.
Mr. Kim replaces Kim Jong-ho, who has retired.

6th February 2012/by Tyrepress Editors

UK market Marshal 857 van tyre's largest

Kumho’s core tyre for the van market is the Radial 857, with market coverage of “at least 90 per cent,” according to the Korean manufacturer. Kumho says the Radial 857’s deep zigzag grooves give increased mileage and traction, while its straight centre groove and sipe sequence on its four ribs improve ride and noise levels.

2nd February 2012/by Tyrepress Editors

Conti increases US truck tyre prices

Continental Tire the Americas has announced a price increase on all of its replacement market commercial truck tyres, reports Tire Review. The increase of up to 9 per cent impacts Continental, General and AmeriSteel brand commercial truck tyres sold in the US, and will come into effect on 15 February.

23rd January 2012/by Tyrepress Editors

Stoke tyre retailer wins Dragon’s business competition

A Stoke-on-Trent tyre retailer has been named a winner of Dragons’ Den investor, Deborah Meaden’s Local Business Accelerator competition. The proprietors of For Tyres, Anthony Rogers and Kevin Ecclestone said that the company will benefit from three months’ free advertising and business mentoring following its win in the North Staffordshire region, supported by local newspaper and Tyres & Accessories neighbour, The Sentinel. Nationally over 3,000 entries were received from businesses of more than one but less than three years old.

23rd January 2012/by Tyrepress Editors

Kumho still committed to US plant

According to US news website Macon.com, Kumho Tire still intends to go ahead with its plant in Bibb County, Georgia. The site reported on 22 December that a Kumho delegation told local officials that the tyre maker remains committed to building the plant. “It is their expressed intent to build that plant and to build it here,” commented Macon-Bibb County Industrial Authority attorney Kevin Brown at a recent meeting. “It’s costing them money not having that plant here. They need this in the United States.”

3rd January 2012/by Tyrepress Editors

Kumho sheds executives as Park Sam-koo moves to regain control

The Korea Times reported on 6 December that Kumho Asiana chairman Park Sam-koo is planning to relieve a number of company executives from the burden of going to work. The Seoul-based publication quoted an unnamed Kumho source as saying the company is undertaking executive job cuts as part of a restructuring drive that will primarily focus on Kumho Tire and Kumho Industrial.

6th December 2011/by Tyrepress Editors

Third delay for Kumho’s US plant

Media reports in the US indicate it may be third time unlucky for Kumho Tire’s planned factory in Bibb County, Georgia. Macon-based newspaper The Telegraph states work on the US$225 million plant has been placed on hold for a third time, a move that allegedly has prompted local economic development officials to rethink the entire project’s future and mull over the prospect of putting the greenfield factory site back on the market.

15th November 2011/by Tyrepress Editors

Kumho expands NVQ programme

Kumho Tyres has announced in increase in its NVQ training programme. Having started in 2009, the programme has created 22 graduates to date while a further 37 tyre technicians from 31 of the company’s nationwide network of ECSTA Performance Centres (EPCs) are currently progressing through the scheme. New expansion plans will encourage retailers from the wider EPC network to become involved, according to Kumho. The scheme is being run in conjunction with Kumho’s national distributor, Micheldever Tyre Services, while the training is being delivered by ReMIT – the UK’s largest motor industry specialist training provider.

10th November 2011/by Tyrepress Editors

Kumho announces US consumer, commercial price increase

Kumho Tire USA has issued the 99th individual tyre price hike in the US and Canada this year, planning to raise prices by up to 8 per cent on its passenger, light truck/SUV and medium truck radials tyres, reports Tire Review.

28th October 2011/by Tyrepress Editors

F3 Euro Series Kumho supply deal to end

The F3 Euro Series will announce a new tyre supplier for 2012 as the existing deal with Korean manufacturer Kumho will not be renewed, Autosport.com reports. The website reports that the championship's managing director Walter Mertes says the amicable ending of the supply agreement meant the championship had lost “an always loyal partner”.

20th October 2011/by Tyrepress Editors

Kumho sets deal to supply tyres to Midas in USA

Midas stores across the US will soon have access to Kumho brand tyres thanks to a new deal between the service retailer and Kumho Tire USA, reports Tire Review. The new “partnership program” reportedly gives rebates to Midas stores purchasing Kumho tyres, and tyre distributors will get a 1 per cent credit for administering the program.

13th September 2011/by Tyrepress Editors

Kumho signs up for three more Masters of F3 years

Kumho has furthered its long standing support for European F3 by extending its sponsorship of the annual Masters of F3 meeting by three years. The agreement was ratified during an official signing ceremony that followed this year’s event at Zandvoort on 13-14 August.

8th September 2011/by Tyrepress Editors

Unbelievable speculation: Kumho to withdraw from China?

News that Kumho Tire would possibly need to relocate its factory out of Nanjing, in China’s Jiangsu Province, first broke some six weeks ago, and the Chinese officials have now confirmed their decision. Kumho received word from the Nanjing Environmental Protection Bureau on its decision that it, along with 172 other companies in Nanjing, must move elsewhere. Chinese media sources, such as those reported by gasgoo.com, state Kumho’s Nanjing factory has “long since” been marked by the municipal government as one of the city’s “most polluted factories,” although details of offences are not given. Orders to cease production at the plant have already been given.

24th August 2011/by Tyrepress Editors