You are here: / Hankook

Posts

Hankook Tire’s Q1 figures show increased turnover and operating profit

Hankook

Hankook’s 2021 Q1 financial results show consolidated global sales rising 12.6 per cent YoY to KRW 1.61 trillion (EUR 1.203 million) and an operating profit of KRW 186 billion (EUR 138 million); an increase of 75.5 per cent YoY. As the global market recovers from the impact of the pandemic, Hankook’s business has also been steadily recovering since the second half of 2020. The company is seeing sales stabilise in several major markets that include Europe, North America, and China, particularly in the high-inch tyre sector (tyres with diameters 18 inches or higher.) Global sales of high-inch tyres accounted for 38 per cent of total tyre sales, which is up 4 percentage points compared to the same period last year.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. More than half of Hankook global car tyre sales over 17”
  2. Hankook Tire linked to Halla Visteon bid speculation
  3. Hankook UHP Ventus S1 evo² tyre selected for new Audi RS 5 Coupé
  4. Guy Heywood named Hankook Tire Europe truck tyre marketing director
/0 Comments/by

Hankook ready as W Series returns in 2021

After missing a year due to its corona-related cancellation, W Series is back in 2021. Returning with it is exclusive tyre partner Hankook, supplying Ventus Race tyres to all entries in the single-seater series.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Todt: 2 bids for F1 tyre supply
  2. Hankook throws its hat into the Formula 1 ring
  3. Hankook partners with Tableau Software for next-gen business intelligence
  4. Pirelli: Australian GP cancellation a disappointing decision, but the right one
/0 Comments/by

Hankook tyres OE on Porsche 718 models

,
Hankook

Hankook’s Ventus S1 evo 3 will be fitted as original equipment on Porsche’s current 718 Boxster and Cayman from spring 2021. The products fitted will be tailor-made Ventus S1 evo 3 tyres in sizes 235/40 ZR19 (92Y) N-0 for the front axle and 265/40 ZR19 (98Y) N-0 for the rear axle. This is in addition to the Porsche Cayenne and Taycan models which Hankook already equips with Ventus S1 evo 3 tyres in SUV and EV specifications, respectively.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Porsche Taycan sets 102mph indoor land speed record on OE tyres
  2. Hankook extends luxury SUV tyre supply with US deal
  3. Hankook launches Ventus S1 Evo 3
  4. Porsche Taycan the first car to use Pirelli Elect-marked tyres
/by

Hankook an official partner to Devon & Cornwall truck shows

Hankook Tyre UK is an official partner to two significant trucking events this year, the Devon Truck Show and Cornwall Truck Gathering. The tyre maker considers the shows, which focus on commercial transport solutions, an excellent opportunity to exhibit products from its truck tyre portfolio and to liaise with new and existing fleet operatives and owners.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. CV Show: Hankook showing expanded range, concept tyres
  2. Hankook UK focuses on brand, ups TV advertising budget 50%
  3. Aeolus bringing full commercial range to CV Show
  4. Hankook UK appoints Kallaway TBR regional sales manager
/by

Hankook to become exclusive tyre supplier to European TCR series – and others

Hankook has expanded its involvement in motorsport with the news that it is to be the new and exclusive tyre supplier to various European TCR series, which it will supply with the high-end Ventus Race tyre from this season. Hankook has supported TCR formats with great success in the past and, this year, TCR Europe enters its sixth season and will start on Hankook race tyres in seven different European countries.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook Ventus Race in action in three European series
  2. Hankook looks forward to Formula Renault Eurocup 2nd half
  3. Hankook continues European F3 tyre supply deal, as series begins at Silverstone
  4. Hankook supplying tyres to Audi TT race championship
/by

Hankook working with Hyundai & Kia on data-based services

Hankook Tire will work together with Hyundai Motor and Kia to develop intelligent services for consumables management based on the three companies’ data and technologies. This collaboration will take place under a Memorandum of Understanding that the companies sealed through a virtual signing ceremony yesterday.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook Tire signs MoU with leading Korean fleet management firm
  2. Hankook Tire CEO Cho receives suspended prison sentence
  3. Hankook and Hyundai sign Driving Experience Center MOU
  4. UK now biggest EU market for Korean car brands – SMMT
/by

Brand Finance: Michelin most valuable and strongest tyre brand

, ,

Following last month’s preview of the 2021 report, Brand Finance has released its full Tyres 10 ranking. According to the 2021 table, the tyre sector has taken a hit over the last year, with all 10 brands losing brand value. Brand Finance unsurprisingly puts this decline down to the pandemic-related behavioural changes: “Owing to the lack of travel due to lockdowns, car sales are declining, which means tyre brands are selling less units, resulting in a drop in market equity across the industry. Furthermore, since the economy has been riskier in general over the past year, investor risk has increased, triggering a rise in the cost of capital.”

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Giti enters the top 10 of leading tyre manufacturers
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. Michelin maintains position as world’s most valuable tyre brand: Brand Finance
  4. 19 finalists chosen for 2015 AutoBild winter tyre test
/by

Michelin named exclusive DTM tyre partner

,

Cars competing in the DTM race series will race exclusively on Michelin tyres during the 2021 season. As per the agreement signed that Michelin Motorsport signed with DTM management last week, the tyre maker will supply Michelin Pilot Sport GT S9M tyres as well as a range of associated services. Drivers will use the Michelin tyres for the first time at the DTM test drives on 7-8 April at the Hockenheimring and 4-6 May at the Lausitzring in Germany. The season starts on 18 June in Monza, Italy.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook enters fifth year of DTM partnership at Hockenheimring
  2. Hankook Tire and the DTM extend partnership to 2023
  3. Hankook Ventus Race Plus to provide decisive boost in Oschersleben
  4. Dmack signs Tänak and Ketomaa for WRC2 team
/by

Sibling rivalry: Cho Hyun-sik resigns as vice-chairman of Hankook holding firm

Cho Hyun-bum is now the sole head of Hankook & Company, the holding company that oversees Hankook Tire & Technology and seven other affiliates. Older brother Cho Hyun-sik announced his resignation as vice-chairman in a letter to shareholders yesterday

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook introduces AI for ‘smarter’ tyre inspection
  2. Strong partnership: Hankook gains GM Supplier of the Year award
  3. Design awards for Hankook Kinergy 4S², concept tyres
  4. Name change for Hankook Tire holding company
/by

Auto Bild summer tyre test: Hankook impresses in preliminary round

We’ll have to wait another fortnight to learn the winner of this year’s Auto Bild summer tyre test, but the motoring magazine has let the names of the finalists out of the bag. Of the more than 50 tyre brands that Auto Bild looked at – this year in size 205/55 R16 91V – just 20 remain for further, more intensive testing following the qualifying round. Hankook’s candidate tops the shortlist after achieving the best stopping distances in both the wet and dry braking tests.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. 7 ‘exemplary’ tyres in Auto Bild summer test
  2. Hankook comments on positive tyre test results
  3. “A safe and cost-effective alternative” – Auto Bild tests all-season tyres
  4. ‘One-sided, unrepresentative, unrealistic’ – Michelin criticises Auto Bild tyre test
/by

Pirelli leads sector in S&P Global Sustainability Yearbook 2021

,
S&P Global

As far as auto components are concerned, Pirelli has come out on top in the S&P Global Sustainability Yearbook 2021, following the confirmation that it is rated as “Gold Class”. The Sustainability Yearbook 2021, which is published by S&P Global and takes into consideration the sustainability profiles of over 7,000 companies, also mentioned three other tyremakers: Hankook, Nokian and Bridgestone in the ranking.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Top tyre manufacturers deny involvement in tyre test manipulation
  2. Michelin and Pirelli lead in rubber sustainability – Context Group
  3. Nokian and Hankook also listed on DJSI World 2020
  4. Michelin maintains position as world’s most valuable tyre brand: Brand Finance
/by

Hankook grows operating profit, withstands pandemic year

,
Hankook

Hankook is celebrating 80 years in business in 2021. The tyre manufacturer is now firmly within the global top tier, with a strategy to consolidate its position further by increasing sales of larger, UHP tyres in major regions, supplying original equipment tyres for premium cars, and developing its electric vehicle market. In 2020, Hankook tyres performed well in independent tyre tests and expanded its original equipment business with premium car-makers. These included Porsche’s first high-performance electric sports car, Taycan, and Audi’s top models RS6, RS7 as well as Audi RS Q8. Overall, Hankook announced in its full year report for 2020 that it is targeting global sales of 7 trillion South Korean won (£4.6 billion) in 2021.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook Tire: Lower profits in H1 2019
  2. Earnings decrease, but larger tyre sizes grow in importance for Hankook Tire
  3. Decennial shift in global PCLT tyre volume market share
  4. Hankook Tire: Together with Europa League until 2020-21
/by

Porsche Taycan sets 102mph indoor land speed record on OE tyres

,
Porsche

Until recently, the Guinness World Record for the fastest speed by a vehicle indoors stood at 86 mph. That was until Leh Keen’s Porsche Taycan Turbo S was clocked by independent adjudicators at 102.6 mph inside the New Orleans Convention Center. Keen’s all-electric Taycan Turbo S has a maximum of 750 hp, with four-wheel drive to maximize grip, powerful carbon ceramic brakes and the ability to accelerate to 60 mph from a standstill in just 2.6 seconds. And what’s more the record was set on the Taycan’s standard fitment original equipment (OE) tyres. But what tyres were they?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Pirelli previews latest P Zero tyre in Geneva
  2. Porsche Taycan the first car to use Pirelli Elect-marked tyres
  3. Hankook UHP Ventus S1 evo² tyre selected for new Audi RS 5 Coupé
  4. Hankook launches Ventus S1 Evo 3
/by

Hankook, FFF Racing to start at Nürburgring 24 Hours

,
Hankook

Hankook will fit its Ventus Race tyre on the FFF Racing Team’s Lamborghini Huracán GT3 EVO at the 49th ADAC Total 24h Race at the Nürburgring on 3-6 June, 2021. The tyre manufacturer has also become the lead sponsor of the team, supported by Lamborghini Squadra Corse. The Hankook FFF Racing Team will compete in races at the 66th ADAC Westfalenfahrt (27 March), the Nimex 45th DMV 4-Hour Race (17 April) and the 62nd Eibach ADAC ACAS Cup (1 May), all of which form part of the Nürburgring Endurance Series. The team says the schedule gives the Lamborghini Huracán GT3 EVO chance to establish itself among the front-runners at the Eifel region’s 24-hour classic.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook partners with ‘world’s largest’ motorsport championship
  2. Hankook takes over as Formula 3 Euro tyre supplier
  3. Lamborghini sets new Nürburgring lap record on P Zero Trofeo R tyres
  4. Dörr Motorsport and Giti Tire achieve unexpected 2nd in class at Nürburgring 24h
/by

Hankook partnering in US intelligent tyre pilot

Hankook Tire’s US subsidiary is working with advanced smart tyre technology and predictive data analytics company Revvo Technologies on a pilot programme that will integrate Hankook SmartFlex tyres with Revvo’s product suite to provide critical tyre-specific data. Data generated, such as real-time alerts, will benefit Junk King, North America’s top-rated eco-friendly junk removal and hauling company.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Hankook tyres for Toyota Corolla
  2. Groundbreaking held for Hankook’s US tyre plant
  3. Alex Vitale appointed CEO of TP Commercial Solutions in the US
  4. Hankook Tire postpones Hungary truck tyre plant
/by