Kumho Archives - Page 46 of 51 - Tyrepress

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Kumho Adds New Performance Patterns

Kumho has recently introduced a number of new additions to its performance line-up. Launched last year, the ECSTA SPT range will be available in no less than 72 sizes by this summer, most with extra load capability and Y speed rating. The new tyre incorporates a number of features designed to enhance the driving experience. These include patented rotate wear indicators enabling visual monitoring of tread life and special notches to protect against water turbulence through the tyre’s longitudinal grooves.

5th May 2006/by Tyrepress Editors

Kumho Asiana Unveils New Corporate Identity

Kumho Asiana Group has launched a new corporate identity to coincide with the celebration of its 60th anniversary. The Group’s new design was unveiled by its chairman, Sam-Koo Park, during a ceremony at Kumho Art Hall in Seoul, Korea in the presence of the presidents of its associate companies and more than 300 directors and staff.

2nd May 2006/by Tyrepress Editors

Profit Falls in Kumho’s First Quarter

(Akron/Tire Review) Kumho Tire Co.’s net profit fell 4.5 per cent in the first quarter of 2006 vs. the same period of 2005, the company reported. Operating profit for the first quarter dropped 41.9 per cent, while revenue slipped 0.1 per cent.

26th April 2006/by Tyrepress Editors

Kumho Tire Reports Drop in Q1 profit

South Korea’s Kumho Tire Co. said today its net profit dropped 4.52 per cent in the first quarter from the previous year. Between January and March, net profit amounted to 14.92 billion won (£9 million), compared to 15.63 billion won a year earlier, said the company. Operating profit plunged 41.85 per cent to 25.39 billion won (£15.3 million) from 43.66 billion won a year ago, and revenue inched down 0.1 per cent to 428.52 billion won (£258.4 million) from 428.09 billion won, the tyre maker said.

25th April 2006/by Tyrepress Editors

Analysts – First Quarter Tough for Cooper

Cooper Tire & Rubber’s passenger replacement tyre volumes declined 4.3 per cent year-on-year in the first quarter of 2006, Deutsche Bank analysts have reported. While this was slightly better than the market watchers feared, raw materials rose by more than expected, ruling out any advantages. Even the $4.3 million Cooper is believed to have gained as a dividend from its shares in Kumho was not enough to offset the higher raw material costs.

13th April 2006/by Tyrepress Editors

Kumho Asiana Celebrates 60 Years, Sets Goals

(Akron/Tire Review – Korea Times) Corporate competitiveness is determined by speed, not by volume, Kumho Asiana Group chairman Park Sam-koo told employees this week. In his speech to celebrate the 60th anniversary of the group’s foundation at its headquarters in Seoul, Park said, “Speed is the controlling weapon in the competition among enterprises in the 21st century.’’

7th April 2006/by Tyrepress Editors

Kumho Vietnamese Plant – Latest

International News

It seems that the announcement by Kumho that it is to spend US$155 million on building a factory at Binh Duong in Vietnam (30th April) is only part of the whole story.

3rd April 2006/by Tyrepress Editors

Kumho Set on New Plant in Vietnam

(Akron/Tire Review) Confirming earlier reports, South Korea’s Kumho Tire Co. has announced that it will build a new $155 million tyre plant in Vietnam. According to the Korea Times, the new plant will come on-stream in 2008 with an annual capacity of 3.2 million tyres. Kumho signed a memorandum of understanding with Vietnam’s state-run builder Becamex in Binh Duong province to establish the wholly owned plant there. Construction on a 314,000-square-meter site just north of Ho Chi Minh City will begin in the second half of this year.

30th March 2006/by Tyrepress Editors

Kumho at the Winter Olympics

Kumho has supplied some 85 per cent of the tyres in use on official Winter Olympics shuttle cars. Athletes, officials, members of the Olympic committee, VIPs are all relying on Kumho I’Zen XW KW17 snow tyres when it comes to being transferred between competition sites.

27th February 2006/by Tyrepress Editors

KPC Found Not in Violation of Unfair Trade Practices

(Akron/Tire Review) Administrative Law Judge Paul J Luckern of the US International Trade Commission (ITC) has found that the Kumho Petrochemical Co. (KPC) of Seoul, Korea is not in violation of the ITC’s unfair trade practice laws, with respect to its importation of tyre chemicals into the US.

23rd February 2006/by Tyrepress Editors

Kumho Moves to New Office

Kumho Tyres has announced relocated to new offices in Sutton, Surrey. In a ceremony held on 10 February, H S Lee, president of Kumho Tire Europe GmbH, officially opened the new facility together with the managing director of Kumho Tyre (UK) Ltd, Steve Tidmarsh.

15th February 2006/by Tyrepress Editors

Hankook to Supply VW With 540,000 Tyres Annually

Hankook Tire Co has closed a deal with Volkswagen to supply 440,000 tyres per year for the German manufacturer’s Golf and Bora models. The tyres will be fitted the fifth-generation Golf and will be sold in Europe from 9 February. In addition, the manufacturer will also provide 100,000 tyres a year for Volkswagen’s Bora model.

The deal will take Hankook’s overseas annual shipments for finished cars to $150 million – 12 per cent of its total export volume. Hankook sees the OE contract as a strategic move that will enable it to enhance its share of the European replacement market. Both the Bora and Golf will be fitted with Ventus Prime K105 (205/55R 16) and the Optimo K406 (195/65R 15).

9th February 2006/by Tyrepress Editors

Modern Tyre Service/Kumho Sponsor Irish Rally Champion

When Tyres & Accessories visited the Kumho stand at last week’s Autosport show it was a hive of activity – an achievement that is no mean feat considering it was press day. The centre of attention was Modern Tyre Service/Kumho Tyres’ announcement that the leading Northern Irish retailer would sponsor Irish Tarmac Rally Champion Eugene Donnelly.

20th January 2006/by Tyrepress Editors

Kumho to Set Up Plant in Vietnam

The Kumho Group plans to build a $100 million automobile tyre plant in Ho Chi Minh, the local Thanhnien news source has reported. Nguyen Huu Tin, deputy chairman of the People’s Committee, said the city had approved the project in principle and suggested a 30 hectare site in Cu Chi District. The plant, which will employ the latest technologies, will make products for both the domestic market and exports to neighbouring countries.

16th January 2006/by Tyrepress Editors

Hankook Execs Predict Slow Tyre Market for 2006

Hankook Tire Co Ltd expects a difficult global market this year due to higher raw material costs and oversupply, a senior company executive told Reuters.

Hankook, which exports up to 70 per cent of what it produces, has also been under pressure from a softer euro against the dollar, which cuts profits for exporters to the region.

5th January 2006/by Tyrepress Editors