Hankook Tire Launches New Chinese R&D Centre

Hankook Tire is stepping up efforts to defend its position in the Chinese tyre market by investing in a new local R&D centre, extending production facilities and expanding its sales network. The company announced detailed plans for China its Jiaxing plant on 29 May.

Hankook Tire recently completed the expansion of its production facilities in Jiaxing, enhancing annual capacity to 2.5 million units. As the main production base for the company in China, the Jiaxing plant will undergo further expansion work in the latter half of this year. Once completed by the end of 2006, Hankook Tire will secure total production capacity of 28 million units per year from its Jiaxing and Jiangsu plants in China.