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Kumho Gets Go-ahead To Build Vietnam Factory

(Akron/Tire Review) Kumho Tire Co. has received approval by regional government authorities to build a $380 million tyre plant in southern Vietnam’s Binh Duong Province. Production is expected to begin in March 2008, with an annual output of 3.15 million units, according to Kumho. Jongsun Sun, general director of Kumho Tire (Vietnam) Co. Inc., said the tyre maker would invest $155 million for the first phase of the project, which will begin next month.

27th September 2006/by Tyrepress Editors

Kumho Celebrates Donnelly’s Third Championship

Irish rally ace Eugene Donnelly and co-driver Paul Kiely have wrapped up their third successive Pirelli Irish Tarmac Rally Championship title in fine style. Their dominant overall victory last Saturday (2 September) in the Philip White Tyres Ulster Rally earned them maximum points and an unassailable lead in the series with one round to go. The Kumho-backed pairing, in their nine-year old, ex Didier Auriol, Toyota Corolla WRC, held the lead after Friday’s night stages but the right choice of Kumho wet tyres for the heavy rain on Saturday morning helped Donnelly to open up an ever-increasing gap: “I think when it got drier it was even slippier due to the mud pulled out on the second runs, but I really enjoyed the rally. The conditions made it such a challenge,” commented Donnelly. The win, Donnelly’s second Ulster title in a row and his fifth major win of the season, puts him 19 points clear of Eamonn Boland who finished second on Saturday.

6th September 2006/by Tyrepress Editors

Kumho to Raise Prices

(Akron/Tire Review) Kumho Tire USA Inc. announced that it will increase prices on 1 October. Passenger, light truck and commercial truck tyre prices will increase up to 5 per cent, depending on tyre model. Continuing price increases for raw materials and rising transportation costs were the reasons for the increase, according to David Hudrlik, vice president and director of sales.

24th August 2006/by Tyrepress Editors

Court Reopens $20 million Patent Action Against Kumho Tire

Flexsys America L.P. has announced that the US District Court for the Northern District of Ohio has ordered that its patent infringement action against Sinorgchem Co., Shandong (Sinorgchem), Kumho Tire USA, Inc., Kumho Tire Company, Inc. (Korea), Korea Kumho Petrochemical Company, Ltd. (“KKPC”), and Sovereign Chemical Company be reopened.

23rd August 2006/by Tyrepress Editors

Kumho Reports 2Q Sales of £241 million

Kumho’s second quarter sales amounted to 429 billion won (£241.094 million), lower than the 469 billion won figure that was widely expected. At the same time operating profit of 14 billion won (£7.868 million) was said to be similarly disappointing compared with market estimates of 40 billion won. Operating profit fell by 70.5 per cent year-on-year and 45.2 per cent quarter-on-quarter.

31st July 2006/by Tyrepress Editors

Kumho Recalls US Light Truck Tyres

Kumho Tire is to voluntarily recall 78,321 light truck tyres sold in the North American market due to blisters on sidewalls. The tyres to be recalled are nine types of product under the Venture HT 824 and Venture AT KL78 series. They were manufactured in Kumho Tire’s factory in Nanjing, China, exclusively for the U.S. and Canadian markets.

20th July 2006/by Tyrepress Editors

Kumho Names Oh to Sales Position

(Akron/Tire Review) Kumho Tire USA Inc. has named Kelvin Oh as its new sales coordinator and general manager. In his new post, Oh is responsible for coordinating long-term strategy and sales plans for Kumho in the US and communicating market information to company headquarters in Seoul, South Korea. Most recently, Oh has been North America sales team leader based in Seoul.

14th July 2006/by Tyrepress Editors

Micheldever Signs Five-Year Exclusive Distribution Deal with Kumho

Micheldever Tyre Services Ltd (MTS), the UK’s largest independent tyre distribution company, has signed a five-year distribution agreement with the UK arm of the leading Korean manufacturer, Kumho Tires. The distribution deal is the company’s first ever long-term agreement in the UK tyre market and gives MTS exclusive rights over Kumho’s portfolio of car, 4×4 and van products in Great Britain. The announcement marks the culmination of a successful nine-year association between the two companies. Over the last three years, they have been developing the Ecsta Performance Centre (EPC) programme, dedicated to specialist Kumho tyre sales and support.

12th July 2006/by Tyrepress Editors

Kumho Fires Up Production at New China Plant

(Akron/Tire Review) Kumho Tire Co. has officially begun production at its new tyre plant in Tianjin, China, near Beijing. The $210 million plant will have the capacity to produce some 5,25 million tyres per year. Some 50 per cent of the production from the plant will be exported, according to Kumho, while the other half will serve the Chinese automotive and replacement tyre markets.

6th July 2006/by Tyrepress Editors

Report says Kumho Workers on ‘Partial’ Strike

The Korea Herald has reported that union workers at Kumho Tire Co. plants in South Korea have been “on a partial strike” since last week. The union workers are seeking a 9 per cent wage increase among the 52 “terms” they are demanding from the tyremaker, said the report. The partial strike is apparently part of broader job action at a number of major South Korean manufacturers, including Hyundai Motor, Ssangyong Motor, a number of oil and construction companies, and other major employers.

28th June 2006/by Tyrepress Editors

Kumho Adds Three to Sales Team

(Akron/Tire Review) Kumho Tire USA Inc. has hired three new account managers. Wally Holst was brought in as account manager covering Colorado, New Mexico, Arizona, Nevada and El Paso, Texas. Mike Mannina was hired as account manager for Kumho’s corporate accounts. Charles van Heusden was named account manager for Florida.

9th June 2006/by Tyrepress Editors

Kumho to Raise Prices on 1 July

(Akron/Tire Review) Kumho Tire USA Inc. will increase prices on its passenger, light truck and commercial truck tyres, effective 1 July. Prices will increase up to 7 per cent, depending on tyre model. David Hudrlik, vice president and director of sales, said continuing price increases for raw materials and rising transportation costs were reasons for the increase.

6th June 2006/by Tyrepress Editors

ITMA Elects New President

Richard Page, managing director of Hankook Tyre UK has been elected as ITMA’s new association president with immediate effect. The decision was made at this year’s Association AGM held on 12 April. Richard takes over from Steve Tidmarsh MD of Kumho UK who completed a two-year term of office.

Although Hankook is a long-standing ITMA member this is the first time the company has held the Association Presidency. In his acceptance statement Page welcomed closer cooperation with the BTMA and the newly formed TIF:

1st June 2006/by Tyrepress Editors

Kumho Considering Larger DC in Atlanta Area – Reports

(Akron/Tire Review) Reports out of Atlanta indicate that Kumho Tire USA Corp. is considering opening a new and larger warehouse and distribution centre in Henry County, Ga.

26th May 2006/by Tyrepress Editors

Kumho Breaks Ground for Third China Plant

(Akron/Tire Review) Kumho Tire Co. has broken ground for its third plant in China, a $150 million facility to be located in Changchun in the northeast. Once operational in 2007, the plant will have an annual capacity of 3.15 million tyres. “We aim to become a leader in the Chinese market as well as one of the world’s top five tyremakers,” said Kumho Asiana Group chairman Park Sam-koo at the groundbreaking ceremony in Changchun.

19th May 2006/by Tyrepress Editors