Hankook names new president & COO
Soo-Il Lee has been appointed president and chief operating officer of Hankook Tire, effective 1 January 2018.
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Official opening for Hankook’s US tyre plant
A grand opening ceremony has been held for Hankook Tire’s newest plant. The facility, located in Clarksville, Tennessee, is the tyre maker’s first manufacturing site in the United States and the eighth Hankook Tire factory worldwide. The opening ceremony was attended by Tennessee Governor Bill Haslam, United States Representative Marsha Blackburn, Korean Consul General Seong-jin Kim, along with many other prominent state and local officials.
Hankook OE on 2018 Honda Accord
Hankook Tire has been selected to become the main OE supplier for the all-new, tenth-generation 2018 Honda Accord. It will supply its Hankook Kinergy GT in size 225/50 R17V. The tyre maker hasn’t specified which markets this arrangement applies to.
Hankook Tire assigned first-time rating from Moody’s and S&P
Hankook Tire has been assigned Baa2 and BBB ratings from the international credit rating agencies, Moody’s and Standard & Poor’s (S&P). This is the first time that the tyre maker has been rated by Moody’s and by S&P, and it comments that this multi-national company level rating “reflects Hankook Tire’s strong position as a global premium tyre brand.”
Hankook Tire assigned first-time rating from Moody’s and S&P
Hankook Tire has been assigned Baa2 and BBB ratings from the international credit rating agencies, Moody’s and Standard & Poor’s (S&P). This is the first time that the tyre maker has been rated by Moody’s and by S&P, and it comments that this multi-national company level rating “reflects Hankook Tire’s strong position as a global premium tyre brand.”
GM award “additional proof” of Hankook Tire’s technology & quality
Hankook Tire has commented on its recognition as a General Motors Supplier of the Year. The company was one of five tyre makers to gain this distinction at the vehicle manufacturer’s 25th annual Supplier of the Year awards ceremony, which was held in Orlando, Florida at the end of March.
Technodome – Hankook Tire opens new R&D centre in Korea
The official opening of the ‘Hankook Technodome’ took place today. The tyre maker’s new central research and development centre is located in Daejeon, South Korea, not far from its existing (and still operational) R&D centre, and is described by the company as “an embodiment of Hankook Tire’s strong commitment in R&D innovation” and a “core instrument” of Hankook’s global R&D infrastructure.
Hankook comments on positive tyre test results
The results of a number of comparative tyre tests have been published in various magazines during the last month or so, including in several Auto Bild titles. Hankook Tire has commented on the victory of its Ventus Prime³ in Auto Bild’s annual test of 50 size 205/55R16V summer tyres, and on the second place attained by the Hankook Ventus S1 evo² in the 20-inch (255/35R20 front and 295/30R20 rear) tyre test published in Auto Bild Sportscars.
Hankook supplying tyres to new Mercedes-Benz Actros
Supply of Hankook tyres to Mercedes-Benz Trucks in Europe began in summer 2014, and the tyre maker has now expanded its original equipment portfolio with the vehicle manufacture. Hankook Tire has announced it will provide six sizes of tyre to the new Mercedes-Benz Actros.
Hankook maintains operating profit in 2014
Following on from the release of its fourth quarter figures, Hankook Tire has published its full-year 2014 results and describes its performance during the year as “solid”. On the back of sales amounting to KRW 6,679.5 billion (£4.0 billion), a result 5.5 per cent below that achieved in 2013, the tyre maker managed to maintain operating profit, which at KRW 1,031.1 billion (£620.0 million) was virtually the same as a year earlier. The profit to sales ratio was 15.4 per cent.
Groundbreaking held for Hankook’s US tyre plant
Construction work has officially begun on Hankook Tire’s new factory in the United States following a groundbreaking ceremony held at the plant site in Clarksville, Tennessee on 9 October. The new facility, which is expected to begin operation in 2016 and will reach a production capacity of 12 million units, is Hankook’s eighth production facility worldwide and first in North America.
New R&D centre: Hankook breaks ground on ‘Technodome’
Groundbreaking took place yesterday on Hankook Tire’s new KRW 266 billion (£155.7 million) R&D centre in South Korea. When complete in 2016, the Daejeon-based Hankook Technodome will be the first of two new research and testing facilities the tyre maker plans to establish as the core instruments of its overall research and development infrastructure. The Hankook Technodome will serve as an incubator for innovative new technologies and eventually operate in tandem with a further facility that is scheduled to open in 2018, the Hankook Test Engineering Center in Sangju, South Korea. The Sangju site’s planned function is to act as a hub for tyre evaluation technologies, and it will be equipped with state-of-the-art tyre testing facilities.
