South Korean Manufacturers Sign OE Deals
South Korea’s two leading tyre manufacturers have each entered into original equipment agreements with international manufacturers. The larger of the two deals has been signed by Kumho, who has agreed to supply 400,000 tyres to Chrysler for the company’s Dodge Journey SUV. The value of the agreement has not been disclosed.
The deal signed by Hankook also involves SUV tyres. The Korean company will supply 70,000 tyres for the Volkswagen Tiguan compact SUV. Again, financial details of the OE supply contract have not as yet been made available.