Kumho Plans R&D/HQ Centre in Tianjin
(Akron/Tire Review) Kumho Tire Co said it is investing some $20 million to establish a research and development centre in Tianjin, China, a facility that will evolve into the company’s Tianjin Kumho Tire Co Ltd headquarters. The research and development facility will employ some 300 scientists and engineers, said Kumho.
Tianjin Kumho Tire Co’s new $185 million radial passenger tyre plant is set to begin production in July 2006 with an initial capacity of 5.25 million tyres per year. Plans have already been made for a $130 million expansion there that will bring capacity to 10.4 million units per year. The tyre plant will service Chinese automakers.