Kumho Tire has shared further details of the planned production capacity increase at its facility in Vietnam, as well as news of an associated project in the USA. The tyre maker says the US$305 million investment will double capacity at the Binh Duong Province site by 2023. This means that annual output should reach at least 9.3 million tyres per annum by that time. As previously stated, the project will commence in the third quarter of this year and run until the early part of 2023.
Kumho Tire has the distinction of being the only tyre manufacturer to be honoured with a 2020 China Red Dot Design award. It gained this accolade via the Kumho Majesty 9 Solus TA93, an asymmetric tread summer tyre it adapted specifically for the Chinese market.