2008 Sees Reduced Profits for Hankook Tire
Hankook Tire’s figures for 2008 reveal global tyre sales of KRW 4.07 trillion (£2.04 billion) during the year. This is, in the Korean currency, an increase of 25.8 per cent over 2007 tyre sales. Certain regions displayed a significant growth rate in sales: Russia saw an increase of 98 per cent, followed by a 50 per cent increase in Central and South America. In terms of product sales, the company UHP sector sales for 2008 were 35 per cent up on the previous year, and up 48 per cent in Europe.