Tag: Hankook Tire
Interested parties vie to acquire Indonesian tyre maker Multistrada
Quoting sources from the “investment banking industry,” BusinessKorea reports that “a number of global tyre companies” have shown interest in acquiring Indonesia’s second-largest tyre maker, PT Multistrada Arah Sarana Tbk. The publication names Hankook Tire and Michelin as two of the interested parties.
Hankook extends USA motorsport engagements
Hankook Tire has been named exclusive tyre supplier for two race series in the USA, the F4 United States Championship and the new F3 Americas Championship, and has announced its return as official sponsor for the 24H Circuit of the Americas (COTA) race in Texas.
Hankook Tire: Lower OE volumes, costs in US drag operating profit down
Hankook Tire has announced its financial results for Q3 2018. In the three months to 30 September, the tyre maker achieved consolidated global sales of KRW 1.7557 trillion (£1.2 billion), 3.8 per cent less than in the third quarter of 2017. At KRW 184.6 billion (£126.0 million), operating profit was down 13.8 per cent.
Hankook Tire introduces policy for rubber supply chain sustainability
Hankook Tire is the latest tyre maker to establish a policy setting out social responsibility within the natural rubber value chain. The policy aims to ensure each link in the natural rubber supply chain is economically, socially and environmentally sustainable.
Hankook tyres OE on VW Tiguan
Volkswagen has approved the all-season Hankook Ventus S1 noble 2 [Pattern H452] as an original equipment tyre for the 2018 Volkswagen Tiguan R-Line. Two Ventus S1 noble 2 sizes – 255/45R19H and 255/40R20V XL – are being fitted to versions of the SUV sold in the USA.
IDEA honour for Hankook EV tyre
Hankook Tire’s recently-released electric vehicle tyre has already snapped up its first award. At last month’s International Design Excellence Awards (IDEA), the Hankook Kinergy AS EV was honoured in the automotive and transportation category. This is the first time Hankook Tire has received an IDEA award for a production model, having previously only gained this distinction with concept tyres, such as its ‘climate change’ concepts in 2015 and its ‘Birth On Nature’ (BON) tyre two years later.
Gary Paffett is 2018 DTM champion
A third-place finish at the Hockenheimring in Germany yesterday sufficed for Gary Paffett to clinch his second DTM title. The British driver ended the season with 255 points, four points ahead of last year’s champion René Rast. This year’s victory in the touring car championship comes 13 years after Paffett won his first DTM title.
Hankook expands SmartWork tyre line
The range of Hankook tyres for construction site applications has been expanded through the addition of new mixed on/off-road patterns to the SmartWork line. These are the SmartWork AM11 steer axle tyre, DM11 drive axle fitment and TM11 trailer tyre.
Hankook Tire signs up as Napoli sponsor
Details of Hankook Tire’s sponsorship of Italian football club S.S.C. Napoli were announced during a press conference at the club’s home ground yesterday. Hankook Tire Italia will initially support the Serie A team from the 2018-19 season through to May 2020, and through this aims to expand brand awareness in Italy.
Hankook throws its hat into the Formula 1 ring
It’s official: Hankook Tire has submitted a tender for Formula 1 tyre supply between 2020 and 2023. In response to questions from within our publishing group, Felix Kinzer, director of corporate communications at Hankook Tire Europe, confirmed that the company submitted an application prior to the 31 August deadline.
Hankook Tire sponsoring AS Monaco
Under a new partnership, Hankook Tire has become a sponsor to Association Sportive de Monaco, runner-up in France’s top football league last season. The tyre maker’s partnership with AS Monaco FC will initially cover a two-year period and gives Hankook brand exposure at the club’s home ground, the Louis II stadium in Fontvieille, during Ligue 1 home matches as well as hospitality opportunities.
Hankook launches Kinergy AS EV electric vehicle tyre
It boasts ingredients that include vegetable oil and resin extracted from conifer pines, and it may be coming to a tyre shop near you in 2019 – Hankook Tire has introduced its second generation of electric vehicle tyre, the Hankook Kinergy AS EV.
Hankook: Brands Hatch round a “good advertisement for motorsport”
With his win at Brands Hatch last weekend, Paul Di Resta closed the gap with championship leader, fellow Mercedes-Benz driver Garry Paffett, to just 29 points in the overall standings. This was Di Resta's third win in Brands Hatch and the tenth of his DTM career. Gary Paffett crossed the finish line as runner-up after 40 laps of racing.
DTM, Hankook returning to Brands Hatch
Between 2006 and 2013, the DTM touring car series was a regular visitor to the Brands Hatch circuit in Kent, and following a four-year hiatus DTM drivers will race there once again this weekend. Instead of using the 1.2-mile Indy circuit favoured in past years, the action in 2018 will take place on the full, 2.4-mile GP circuit.
Hankook Tire: Operating profit down 10.4% in Q2 2018
At KRW 1.67 trillion (£1.14 billion), sales were up 2.3 per cent year-on-year for Hankook Tire in the second quarter of 2018, however this didn’t stop operating profit slipping 10.4 per cent to KRW 183.2 billion (£125.3 million). According to the tyre maker, operating profit was reduced compared with the same period of last year due to initial operating costs in its tyre plant in Tennessee, USA as well as increasing competition in the Korean market. The operating margin decreased from 12.3 per cent to 10.7 per cent.