S. KOREA’S KUMHO TIRE UNION WORKERS ACCEPT WAGE FREEZE AND CASH BONUS

Highlights –

• S. Korea’s Kumho Tire union workers accept a wage freeze and cash bonus.
• The management and labor union reached the agreement early this month.
• The company’s full-year operating profit in 2020 fell 37 percent....

HANKOOK TIRE & TECHNOLOGY PRODUCES TIRES FOR ILLUSTRIOUS AUDI RS MODELS

• Hankook Tire & Technology Co., the world's seventh-largest tiremaker by sales, said Wednesday it has been producing tires for Audi RS models this year.
• Hankook Tire has provided  the high-performance Ventus S1 evo 3 and Winter i*cept evo2 tires for Audi's RS 7 ...

HANKOOK INTRODUCED NEW TIRE SOLUTIONS

Highlights:

• Hankook tires present new tire solutions in the 2020 Commercial Vehicle show.
• The show will be conducted from April 28-30 2020 at the National Exhibition Centre (NEC) at Birmingham, United Kingdom.
• Hankook Tire will be unveiling...

ALL SEASON TIRES BY HANKOOK FOR SUPER DUTY F-450 AND CHASSIS CAB F-550

Highlights:

• Hankook Tire made a deal with ford to provide all-season tires for its Super Duty F-450 and F-550 Chassis Cab.
• The specifically designed treads will provide low rolling resistance and excellent driving performance.
• The SmartFlex...

KUMHO TIRE BAGS THREE PRIZES

Highlights:

• Kumho’s 3 tire designs are selected as winners at the 2019 Good Design Awards.
• The award-winning products were “Majesty 9 Solus TA91”, “ECSTA PA51”, and “WinterCraft Wi51.”
• Majesty 9 and...

AUSTRALIA IS TREASURE COMPANY FOR KUMHO

Highlights:

• The Australian subsidiary of the Kumho tire is considered as a company treasure.
• Kumho has a total of 5.3 percent share of the Australian market.
• Kumho provides tires in its mid-level pricing and is used as original equipment (O...

HANKOOK TIRES JOIN HANDS WITH AMAZON

Highlights:

• Hankook tire Co. Ltd. partnered with Amazon Web Services to integrate digital technology in tires.
• Hankook will be able to actively introduce high-tech digital solutions to modify the performance.
• The Korean tiremaker developed ...

KUMHO CRUGEN WILL BE USED BY AUDI FOR Q5

Highlights:

• Crugen Premium KL33 tire is selected as an optional OE tire for Audi 2020 Q5 compact SUV.
• The tires are made at Kumho’s factory in Macon, Georgia, and for the assembly, it is then sent to Audi's assembly plant in San Jose Chiapa,...

NEW MD FOR KUMHO UK

Highlights:

• Keon Park appointed as the new Managing Director of Kumho Tires UK.
• He succeeded Myong Joong (Tino) Choi.
• Mr. Park is working with Kumho for more than 2 decades now.

Kumho Tire, the Korean tiremaker, has appoin...

AUDI APPOINTED KUMHO AS OE SUPPLIER

Highlights:

• Kumho Tires will provide a CRUGEN Premium KL33 pattern for original equipment (OE) fitment to Audi Q5.
• CRUGEN Premium KL33 is a top-selling product.
• The Audi Q5 is manufactured in Mexico and the tire is produced in Macon, Georgi...

MAXAM TIRE FOCUSED TO FORM A NEW GROUP

Highlights:

• MAXAM tire has created a group dedicated to the open-pit mining market which is called MAXAM Mining Group (MMG).
• MAXAM has invested heavily in the manufacturing process.
• MMG appointed Matt Johnson as its new Vice President.
...

RYAN LEWIS TO BECOME MARKETING MANAGER OF AMERICAN KENDA RUBBER

Highlights:

• American Kenda Rubber announced Ryan Lewis will join as a marketing manager of its North American Business team.
• Lewis initially worked as a category marketing manager in Worthington Industries.
• Ryan Lewis graduated from The Fis...

KUMHO TIRES FOR AUDI

Highlights:

• Kumho Tire Co. began to supply tires to Audi Q5 SUV.
• Kumho tires currently supply tires to BMW, Mercedes-Benz, Volkswagen, Skoda, and Fiat Chrysler Automobiles.
• Kumho Tire’s net losses were 159.21 billion won in the period...

HANKOOK TIRE BID TO ACQUIRE HANON SYSTEM IS ON HOLD

Highlights:

• Hankook Tire and Technology’s plan to acquire vehicle air conditioning system maker Hanon Systems is on hold.
• Hanon Systems’ is the world’s number 2 vehicle air conditioning system manufacturers.
• Hankook Tire a...

SOUTH KOREAN TIRE INDUSTRY PERFORMANCE IN THE DECLINING GLOBAL TIRE MARKET

Highlights:

• South Korean tire industry is one of the most flourished tire markets in the world.
• The decline in the global tire market has also marked a dent in the demand for Korean tires.
• The decline in the automotive industry has affected...

SSANGYONG WILL JOIN MAHINDRA-FORD ALLIANCE

Highlights:

• Mahindra-Ford alliance will join SsangYong Motor Company to build mid-size SUVs.
• Both the B (B772) and C segment SUVs (W601), will be shared by SsangYong Motor Company.
• SsangYong Motor Company has seen a slump of more than 5% th...

TOYO TIRES EXPANDS IN EUROPE

Highlights:

• Toyo tires are expanding its presence with the opening of an R&D center in Willich, Germany.
• Toyo tires plan to expand its technical expertise in tire compounding, product methods, evaluation, and simulation technologies.
• To...

HANKOOK TO EXPAND SALES NETWORK IN INDONESIA

Highlights:

• Hankook tire sales Indonesia and Bridgestone Tire Indonesia will expand its retail distribution network.
• Hankook’s expansion could give a boost to the sluggish manufacturing industry.
• Bank Indonesia’s (BI) Prompt Man...

The Goodyear Tire & Rubber Co. revealed plans to expand its IT services

On Wednesday the Goodyear Tire & Rubber Co. revealed plans to expand its IT services in the Philippine capital.

The tire company, with a presence in 22 countries, said in a statement that it is "expanding its Information Technology (IT) team and capabilities in...

SANGHOON LEE BECAME THE NEW PRESIDENT OF HANKOOK EUROPEAN OPERATION

Korean tire manufacturer, Hankook Tire and Technologies Ltd. has promoted Sanghoon Lee to its Chief Operation Officer (COO) and President of Hankook Tire Europe. He replaced Han-Jun Kim, who will continue his responsibilities at the group’s headquarters in Seoul, South Korea.

Hank...