Hankook Claims to be “Fastest Growing” Manufacturer
Hankook Tire claims it was, in terms of sales, the world’s fastest growing tyre manufacturer in 2007. The company’s sales for last year are estimated at US$3.5 billion, representing a year-on-year growth of 20.6 per cent. This contrasts markedly with Hankook’s nearest rival in terms of sales, Sumitomo Rubber, whose $3.6 billion in sales was down 5.3 per cent on last year’s $3.8 billion. Korean rival Kumho experienced a year-on-year growth of 15.8 per cent, making them the fourth fastest growing company according to the figures published by US magazine Modern Tire Dealer.