Download Hankook Tire Fact Sheet. Diversity and Inclusion at Hankook Tire Hankook Tire seeks to foster the spirit of innovation within our company, within every person, and beyond our society to the global stage.
Financial Results. Financial Results Hankook Tire has steadily grown in the global market and provided top value to our shareholders. Sales Billion KRW. Quarterly Reports Quartely Reports Our growth is a direct result of the strong base of support from shareholders and investors. However, they offer more value compared to cheaper alternatives. Hankook products have high durability and do not wear out as quickly as low-cost tires do.
Hankook, however, is quickly making its mark, by focusing on providing excellent grip and driver control, as well as a comfortable ride with every tyre they make. Hankook is best known in motorsports circles for its involvement in the Le Mans touring car series, and while Kumho comes with less of a racing pedigree, it has also secured a glowing reputation for offering good value, quality tyres at cheap prices.
Number of employees. Hankook Engineering Works Co. Model Solution, Inc. Hankook Tire Vietnam. Hankook Donggeurami Partners Co. Hankook Tire Thailand Co. Competitors Kumho Tire Co. Triangle Tyre Co. Hankook Tire has announced its consolidated financial results for the first quarter January-March of The company attributes these declines to slowing growth of the Chinese market and a weakening euro.
According to the company, demand for its ultra high-performance tires has continued to grow in Europe and North America. According to Hankook, this is the first time that a Porsche model will be fitted with original equipment tires produced by a Korean company. From a press release on February 10, Hankook Tire announced its consolidated business results for Sales were KRW 6, Operating profit reached KRW 1, Although sales decreased due to the weaker won and other factors, the impact on profit was offset by some positive factors such as greater sales of ultra high-performance tires and increased sales of OE tires to luxury vehicle manufacturers.
From a press release on January 30, The tire size ranges from 13 inches to 19 inches to support various models. From news releases issued by multiple sources on October 24, Visteon Corporation announced that it has entered into an agreement to sell its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp. The transaction is expected to be completed in the first half of From a press release on November 28, Hankook Tire will supply original equipment tires for Daimler's Mercedes-Benz Atego commercial truck.
This is the first time that Hankook's tires have been chosen for Mercedes-Benz trucks. From a press release on November 13, Hankook Tire announced that its Ventus S1 noble2 tires will be used as original equipment tires on new vehicles. These tires feature Hankook Sound Absorber, a technology to absorb resonant noise with the polyurethane pads arranged inside the tires. Hankook is working on further development in order to supply the Ventus S1 noble2 tires for premium brand cars produced by foreign automakers.
Hankook Tire announced its financial results for July-September Operating profit totaled KRW The company says, "Sales increased thanks to stronger sales in the global market. Sales in Europe rose The company also increased sales of its ultra high-performance tires. Sales of these products accounted for From a press release on October 29, Hankook's tires will be equipped on all vehicles used for test driving or other programs until The Driving Center, which opened in , is located on approximately , square meters of land in Incheon.
In addition to performing various testing, the center also allows visitors to enjoy test driving on various road conditions. From a press release on October 17, Hankook Tire has held a groundbreaking ceremony for its new plant in Clarksville, Tennessee.
The company will invest approximately USD million in this plant, which is scheduled to be completed by The plant is expected to be able to produce 11 million tires per year. From a press release on October 8, From a press release on August 8, The company's global quarterly revenue declined by The operating profit and the net profit decreased by 7. The company explained "the decreases in financial results were caused by a drop in selling price for tires and the won's further appreciation although additional plants built by the company in the world increased the production and sales volume of tires as compared with the same period of the previous year".
The company will supply normal tires and run-flat tires produced at its plant in Hungary. From a press release on July 15, The tires will be produced at the company's plant in Hungary. On June 10, , Hankook Tire Co. The company will invest KRW billion in the Technodome alone, which is expected to be completed in From news releases issued by multiple sources on June 16, The award was given for high technology and excellent quality of Hankook's tires, which are used as original equipment on the North American Honda Civic.
Hankook Tire and Bridgestone Corporation were the only tire suppliers that were chosen from Honda's approximately suppliers. Hankook Tire announced its business results for the first quarter January-March of Ultra high performance tires accounted for approximately 29 percent of the company's overall sales. The percentage increased 7.
From a press release on April 1, Hankook Tire and Dassault Systemes S. Dassault Systems produces and sells 3D design software and product lifecycle management solutions. Hankook Tire expects the new collaboration will allow the company to test the performance of its products from the early stage of the development process by applying Dassault's standard three-dimensional simulation program.
The company hopes to minimize development time and improve test accuracy by capitalizing on the technology. From a press release on March 21, Under the agreement, the two companies will collaborate on developing synthetic rubber for high-performance tires from the early stage of product development. From a press release on February 27, Sales reached KRW 7.
Operating profit was KRW 1. The company has become the first tire supplier in Korea to achieve the KRW 1 trillion threshold in operating profit.
Sales of ultra high-performance tires UHPT increased 3. UHPT sales improved especially in China, where sales climbed From a press release on January 28, The expansion project is scheduled to begin in January and end in December It is expected that the facility will be able to produce 16, tires for passenger vehicles and small trucks per day after the expansion.
From a press release on January 17, From a press release, November 27, Hankook Tire announced that it will invest approximately USD million to establish a new tire plant in Tennessee U.
Construction is scheduled to start at the end of , and tire production is slated to begin during The plant's yearly production capacity is expected to reach 11 million units by December From a press release, October 14, The company intends to invest The new facility will be able to design, test and analyze ultra-high performance tires and truck and bus tires.
In addition, it will be capable of producing test tires. Hankook Tires is also working on a new project to set up a central research center in Daejeon City. From a press release, September 12, Deliveries of the tires have already begun in July From a press release, September 2, Deliveries of the tires began in January Deliveries of these tires already began in June Deliveries of these tires have already begun in August Hankook Tire to establish tire safety testing center in Sangju City, Gyeongsangbuk-do.
The company is investing approximately billion won in this project, which is expected to be completed by It plans to conclude an investment contract for this plan by September From a press release, August 11, Hankook Tire announced that its sales reached 1, Compared with the previous quarter, sales were up According to the company, these improvements are attributable to a rise in sales of ultra high-performance UHP tires.
Sales of UHP tires grew 10 percent globally and gained as much as 32 percent in the China market. From a press release, August 2, Hankook Tire's new plant in Chongqing, China started producing truck and bus tires in June The factory is capable of making 2, tires per day. Hankook Tire plans to add another production line to this facility to manufacture passenger vehicle tires as well.
From a press release, July 31, Hankook Tire has signed a memorandum of understanding with the Hungarian government to expand its plant in Hungary. The company is intending to invest 3. The expansion is expected to increase the plant's tire production capacity to 17 million units a year. The existing factory, which commenced operations in , produces tires for passenger vehicles, SUVs and light trucks.
It has been raising its production capacity in steps, from 6 million units in , 9 million units in and 12 million units in From a press release, May 30, Sales reached a new high of 7, The company enjoyed a The UHP tire business was buoyed by strong demand especially in Russia, Latin America and other emerging markets, where sales jumped Revenues generated through deliveries to European and U.
For the year , Hankook Tire is forecasting its sales to reach 7, From a press release, February 1, The new facility is expected to be completed in having the total floor area of 99, square meters.
From a press release, January 8, Commenting on a media report about a plan to establish a new production facility to produce 10 million tires a year in Georgia U. In addition, new production facilities are now under construction in Chongqing, China and Indonesia.
From a press release, November 14, Hankook is investing 8. The Company plans to invest the amount over a period of time between October and December From an Oct. Hankook Tire announced that its new plant in Indonesia has stared trial operations with its full-scale production scheduled to begin in The facility is expected to produce 6 million tires for passenger vehicles and light-duty trucks a year.
Construction of the facility started in June From a press release, September 21, From a press release, September 18, Hankook Tire announced that it developed an airless tire. This newly developed tire will be mounted on an electric vehicle currently under development at Hyundai-Kia Motors.
From a June 29, press release. Hankook Tire again received a World Excellence Award from Ford, which is the third time for the Company, which also won it in and The Company was awarded its first supply agreement from Ford in , to supply tires on an OE basis. From a June 11, press release.
Hankook Tire announced plans to reorganize under a holding-company structure due to its corporate divesture. Hankook Tire will still specialize in the tire business. The divesture is scheduled to take place on September 1, From an April 25, press release. All of these tires are manufactured at its Geumsan plant in Korea. From a press release on April 16, Starting in May , Hankook Tire will supply its tires for the Cascadia and Coronado models, which are long-haul trucks sold under the Freightliner brand.
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