Tag: Hankook
Hankook Tire opens office for Austria & Switzerland
Hankook Tire is aiming for a “double-digit” share of the market in Austria and Switzerland, and to help grow the Hankook brand in both countries it has opened a new branch office in Vienna.
Soo II Lee to lead Hankook Tire America
As of mid-January 2020, Soo II Lee will become president of Hankook Tire America Corp. He will serve in this capacity alongside his existing remit of president and chief operating officer of Hankook Tire & Technology, an arrangement that will see him split his time between Hankook’s America headquarters in Nashville, Tennessee and the company’s global headquarters in Seoul, Korea.
EC rates Fiege alongside Bosch and Bridgestone for second straight year
Startup Europe Partnership (SEP), an initiative by the European Commission, has distinguished Fiege as an Open Innovation Challenger. Having first achieved this standard a year ago, Fiege is being distinguished for the second time in a row. The annual ranking also includes multinationals like Google, Nestlé and Bridgestone. Next to Fiege, a further three German enterprises were distinguished: Bosch, Daimler, and SAP.
Hankook supplying OE tyres for Audi SQ8
Audi has released a performance version of its Q8 SUV coupe, and Hankook Tire says it is supplying original equipment tyres. Specifically, the Audi SQ8 TDI will be available with the Hankook Ventus S1 evo 3 SUV and Winter i*cept evo 2 SUV in sizes 285/45 R21 113 Y XL and V XL. A 22-inch fitment of the summer tyre will follow – The SQ8 will receive the Ventus S1 evo 3 SUV in size 285/40 R22.
Hankook Tire CEO Cho indicted on bribery, embezzlement charges
South Korea’s Yonhap News Agency has reported the indictment of Cho Hyun-bum, chief executive of tyre maker Hankook Tire & Technology. According to Yonhap, prosecutors said yesterday that Cho was indicted for accepting bribes and embezzling corporate funds.
Hankook becomes new DTM Trophy series tyre partner
Hankook has extended its partnership with European touring cars, with another partnership with a promising new racing series. The new DTM Trophy will run on the Ventus Race tyre, with on-site support from the tyre manufacturer from the 2020 season. Hankook has signed a four-year contract with DTM umbrella organisation ITR, which will promote the new GT series. The new series will run as part of the support programme at seven rounds of the popular DTM series, which Hankook has supported as exclusive tyre partner since 2011.
Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
Fintyre and Hankook win 800,000-euro Ferrovie del Sud-Est fleet tender
Fintyre has won the tender for the supply of tyres for public transport vehicles, launched by Ferrovie del Sud-Est with an auction base of over 800,000 euros.
Hankook Tire: Operating profit lower in Q3 2019
Hankook Tire has reported consolidated global sales of KRW 1,833.2 trillion (£1.2 billion) for Q3 2019, a 4.4 per cent increase compared with the third quarter of last year. EBITDA declined 3.2 per cent to KRW 333 billion (£223.0 million), with the margin decreasing 1.4 percentage points to 18.2 per cent. Operating profit amounted to […]
Hankook Tire extends Canada ice hockey sponsorship
Hankook will serve as the official tyre of Hockey Canada until 2024 thanks to an expansion of the relationship between the association and Hankook Tire Canada. Through the partnership. Hankook Tire’s local operation will support Hockey Canada’s efforts to engage fans and grow the game, participate in its signature events and will act as an international partner at various championships.
Hankook appoints new UK managing director
A new face at Hankook’s Daventry office. As of 1 October, Chang Yool Han holds the position of managing director at Hankook Tyre UK. He succeeds Brett Emerson, who has returned to Bridgestone as director of its Consumer business unit for the North Region.
Porsche Cayenne factory-fitted with Hankook tyres
Hankook Tire reports that it has been supplying the Porsche Cayenne ex-works with its flagship UHP tyre, the Ventus S1 evo 3 SUV, since June. The mixed fitment sees the Cayenne wear the Ventus S1 evo 3 SUV in size 285/40 ZR 21 (109Y) XL at the front and 315/35 ZR 21 (111Y) XL at the rear.
New Hankook all-season, winter van tyres
Winter is on its way, and Hankook Tire has released two new tyres to keep vans on the move in the colder months. The Hankook Vantra ST AS2 is a completely new all-season tyre for vans and light commercial vehicles. Those who prefer a dedicated winter tyre can choose the Hankook Winter i*cept LV.
Hankook listed in DJSI for fourth year
Hankook Tire has been listed in the Dow Jones Sustainability Indices World (DJSI World) for the fourth consecutive year.
Building a sustainable future
This month we face the latest Brexit deadline. The deadline Prime Minister Boris Johnson said he would rather “die in a ditch” than overshoot. However, as we go to press no-one knows if we will Brexit on this date; and if we do, what kind of Brexit it will be. We reported how automotive manufacturers and their suppliers have made their feelings known en masse here, but the broader truth is that the details of the subject remain a great unknown. So, let’s look to the future and how more businesses what to make their future an ecologically sustainable one.
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