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Hankook Tire Signs Agreement to Build Plant with Tennessee State Officials

October 15, 2013 01:04 l October 15, 2013 07:20

Korea's No. 1 tire manufacturer Hankook Tire is finally set to build a new tire plant in the state of Tennessee in the United States. On October 14, the company signed an  agreement with the state government for building the plant. The eighth overseas  plant for Hankook Tire will cost about

US$800

million to build. The construction will commence in late 2014 and will be completed by early 2016. The planned capacity is 11 million tires a year.
Suh Seung-Hwa, vice chairman of Hankook Tire, said, "The building of the Tennessee plant was based on our strategy to create a production base capable of responding to  custom-tailored requests from our customers. With the brand-new plant in the  United States, we want to become one of the world's top tire producers." Hankook Tire has a combined production capacity of 94 million tires a year at its plants in Korea, China, Indonesia, and Hungary. Last year, it completed a plant in Chongqing in southwest China, the third overseas production base in China.

Kumho Tire Supplies New Car Tires for Mercedes-Benz G Class


October 16, 2013 07:07 l October 16, 2013 07:07

Kumho Tire announced on October 15 that it would supply new car tires for  German high-end model Mercedes-Benz G Class. The company explained that it  started supplying Solus KL21 (standard 265/60R 18) for Benz G Class from the  beginning of this month.
The G Class, mounted with the tires supplied by Kumho,  will be sold throughout the world, including Germany, the United States,  Canada, Australia, and Japan. Kumho Tire supplied its tires to Benz first in 2007,  for the first time among Korea’s tire makers. It is now supplying its tires to  Benz, BMW, and Volkswagen in the European market, and to Chrysler and GM in the  North American market.
A Kumho official said, “

We expect the supply of OE  tires for Benz G Class to contribute to enhancing our brand recognition in  foreign markets

.”

 

 

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