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Kumho Gets Top Reviews From German Mags

Kumho Tire received some favorable press in Europe recently, earning honors in tyre tests conducted by German automotive magazines. The company received an overall assessment of “very recommendable” by Autozeitung, and its Road Venture MT KL71 was selected as “Off Road Tyre 2009” by German 4×4 magazine “Off Road.”

“European automotive magazines from Germany, Great Britain and Sweden hold tests several times a year to compare and rank performance of recommendable tyres,” said N.W. Cho, senior researcher for Kumho. “The tyre test results influence the purchasing decisions of European consumers, as they are an official recognition of performance and quality.” (Tire Review/Akron)

2nd March 2009/by Tyrepress Editors

Kumho Reviewing Global Creative Account

Kumho Tire is conducting a review of its creative business in eight key global markets. The account under review is said to cover all markets outside of Korea and Japan, and is believed to be worth between US$5 million and $10 million. Submissions from interested agencies will be evaluated following the late February close date.

17th February 2009/by Tyrepress Editors

Kumho Becomes a New York Cab Supplier

Kumho Tires reports it is “excited to have its beloved tyres sported by the iconic yellow taxicabs of New York City.” Recently Kumho Tire USA announced it has been providing tyres to New York City Taxi and Limousine Commission (NYTLC), an agency that regulates New York City’s yellow taxicabs. The South Korean manufacturer’s products are being fitted as replacement tyres to yellow cabs operating in Manhattan, joining several other replacement tyre manufacturers, including Goodyear, Pirelli, Michelin and Continental, which also supply the taxis.

“We have supplied two thousand tyres to NYTLC since 2008, we expect the amount of supply to continually increase through local distributors for years to come,” said a Kumho Tires official. Currently around 1,500 yellow cabs ply the streets of Manhattan, assuring the tyre maker a steady stream of business.

6th February 2009/by Tyrepress Editors

Kumho Tires Begin 2009 With Motorsport Triumphs

Kumho Tires’ motorsport season started off on the right footing following a win at the opening round of the 2009 Irish Tarmac Rally Championship and its highest ever rank at the Dakar Rally.

Eugene Donelly, driving a Skoda equipped with Kumho rally tyres, competed in the A8 class (Over 2000cc, Group A) finishing in first place in the initial round of the Irish Rally, held in Galway on the weekend of 16-18 January. In addition to Donelly, three other vehicles equipped with Kumho rubber ranked first and second in N4 Class (fifth and sixth overall), and first in A7 Class (seventh overall) among 139 vehicles.

29th January 2009/by Tyrepress Editors

Construction of Kumho US Plant to Start This Year

Following a delay attributed to the economic slowdown, construction work on Kumho Tire’s new factory in the US state of Georgia is tentatively set to begin before the end of 2009. If work proceeds according to this schedule, the factory should be producing tyres in 2011, slightly more than a year after originally anticipated.

23rd January 2009/by Tyrepress Editors

Kumho Opens New US Warehouse

Kumho Tires recently opened a new tyre warehouse in the US, the seventh it operates in this market. Based in New Jersey, the 150,000 square foot facility will provide storage space for up to 225,000 tyres and support distribution and dealer partners in ten states.

12th January 2009/by Tyrepress Editors

Kumho Tire Delays Bonus Payments

The payment of bonuses to approximately 3,000 Kumho Tire employees in South Korea have been delayed due to, according to a company official, the “company’s liquidity problem.” South Korean vehicle manufacturers are currently experiencing a sharp decline in sales, the affects of which have been passed onto tyre makers.

The annual bonus payment, said the official, has been indefinitely postponed, however the company “will make its utmost efforts” to pay the bonus of 2.5 million won (£1,350) per worker.

5th January 2009/by Tyrepress Editors

Kumho Wins Award for its Aircraft Tyres

Kumho Tires has won a South Korean award for its aircraft tyres. It was bestowed the Minister’s Prize of Knowledge Economy (Award for Excellence) at the ‘2008 Awards and Selection of Top 10 Technologies’ ceremony held in Seoul on December 22, 2008.

San Kim the manager at Kumho’s Airplane Tire Development Team who accepted the award, said “the selection of the airplane tyres of Kumho Tires as one of the top ten new technologies is very meaningful to us. We have contributed to national economic growth by developing the first airline tires for export.”

5th January 2009/by Tyrepress Editors

Kumho Tires Appoints New Sales & Marketing President

South Korea’s Kumho Tires has appointed Byung Choo Kim to the newly created position of president of Sales and Marketing. BC Kim, a BSc graduate from Sopang University, commenced his career at Daewoo Industrial in 1978. A variety of international roles for the Daewoo Corporation then followed before he joined Kumho as head of its China Office in January 2007.

19th December 2008/by Tyrepress Editors

Nexen Unveils 15 Series Tyre

Nexen Tire has released details of its new 15 series UHP N3000 tyre following the company’s development of Nano technology and 20 series tyres in previous years. The company believes that its new technology will provide an ideal tyre option for current sports cars. The tyre equals the record for the lowest profile tyre on the market, a feat set by Kumho with its Ecsta SPT.

12th December 2008/by Tyrepress Editors

Kumho Tire Awards Winners of ‘College Ad Contest’

On November 24th, Kumho Tire announced the winners of the 10th ‘Kumho Tire College Ad Contest’, a competition it says is held with the aim of inspiring passion and creativity among college students in South Korea. This year’s contest attracted more than 3,000 entries, from which 12 winners were selected.

In addition to nurturing passion and creativity in college students, Kumho Tire says that its advertisement contest has also played a vital role as a communication channel that has aided the company in understanding the needs of consumers. The contest themes range from corporate brand and Manchester United sponsorship advertisements to corporate public relations about the company’s environmental protection activities, with a focus on delivering a social message.

9th December 2008/by Tyrepress Editors

US Kumho Plant Delayed But Still Going Ahead

Following October’s report that construction work on Kumho’s Georgia, US factory was being delayed due to the global economic downturn and reduced automotive industry output, media sources continue to indicate a postponement, but not a cancellation, of the factory’s completion.

2nd December 2008/by Tyrepress Editors

Analysts: Slowdown May Cause Russian Tyremaker Growth

Following several years of consistent sales increases, full year 2008 figures may hit show a drop in Russian passenger car tyre sales by value. The profitable premium segment, which is dominated by non-Russian premium manufacturers, is expected to be the first to feel the pinch. On the other hand, the share of the market occupied by budget products is likely to increase, and some sources predict that Chinese and Korean tyre sales will be replaced by domestic Russian tyre makers’ products.

19th November 2008/by Tyrepress Editors

Nanjing a ‘Strong Partner’ for Kumho

As reported on November 7, Kumho Tires has officially opened its new $US100 million factory in Nanjing, China. This facility, with an annual capacity of more than 300,000 truck and bus tyres, will feed China’s market, which in this segment is expected to grow between 25 and 30 per cent each year.

“Kumho Tires is already the number one passenger car tyre maker in China and this state-of-the-art plant gives us an important foothold in its fast-growing truck and bus tyre market,” said Sae-chul Oh, president and CEO of Kumho Tires. “China has enormous growth potential and is a key part of our strategy to become one of the top five global tyre makers.”

17th November 2008/by Tyrepress Editors

Kumho ‘Still Committed’ to Georgia US Factory

Kumho Tire representatives have confirmed that the company has “extended the timetable” for completion of its plant in Bibb County, Georgia plant. Company representatives added that Kumho is still committed to this project, which will help it “better serve customers in North America.” No revised deadline has yet been issued.

“Our strategy is to remain flexible to changes in market demand and allocate production resources accordingly. Kumho will continue to closely watch the North American automotive market to help us effectively compete. Kumho Tires will keep all of our stakeholders up to date with the latest information available on this plant,” Kumho representatives told Tyres & Accessories.

14th November 2008/by Tyrepress Editors