Tag: Kumho
Todt: 2 bids for F1 tyre supply
During last weekend’s Italian Grand Prix, Jead Todt disclosed that a second tyre maker has expressed interest in becoming exclusive Formula 1 tyre supplier for the 2020 to 2023 seasons. He didn’t reveal the company’s name – he claimed not to have the information at hand – however we confirmed it wasn’t Michelin.
Kyungtai Ju appointed president of Kumho Tire Europe
With immediate effect, Kyungtai Ju has been appointed the new president of Kumho Tire Europe GmbH. He replaces Changrin Suk, who will return to Kumho’s Korean headquarters with responsibility for global sales.
Apollo appoints Steve Miller as UK TBR sales manager
Apollo Tyres’ presence in the truck tyre sector has been bolstered by the appointment of Steve Miller as TBR sales manager, bringing with him over 20 years’ experience, having worked for Kumho on reintroducing the TBR range in the UK, Bridgestone as a national fleet manager (commercial) and Michelin as a sales manager.
R H Claydon named mainland UK distributor for Kumho truck tyres
Building upon a successful working relationship that began two decades ago, Kumho Tire has appointed R H Claydon to handle its truck tyre distribution requirements for the whole of the UK mainland.
Yokohama Rubber ends technology tie-up with Kumho Tire
A new beginning, and also an end: 6 July, the date on which Doublestar Tire’s acquisition of a 45 per cent share in Kumho Tire was officially completed, was also the day a full stop was placed behind more than four years of technological cooperation between Yokohama Rubber and Kumho Tire. In a statement issued today, Yokohama Rubber informs that it terminated these tie-ups according to their terms and condition following the change in Kumho Tire’s controlling shareholder.
Zhongce Rubber enters global top ten tyre manufacturers
China’s largest tyre manufacturer, Zhongce Rubber, has entered the global top ten, research published today by Tyrepress shows. Best known in Europe for its Westlake brand, the company has pushed up in the rankings past Giti Tire – manufacturer of GT Radial – which did not supply 2017 figures before the deadline, Toyo Tires, and Cooper Tire & Rubber, which fell three places. Competition in the lower quarter of the top ten places is fierce, with turnovers for tyres between 2.4 billion euros (Cooper in 13th) and 3.2 billion euros (Maxxis in ninth).
Rockendorf leaves Kumho, returns to Continental
Dirk Rockendorf is once again wearing Continental colours after serving as Kumho Tire’s marketing director for Europe for almost three years. As our German-language sister publication Neue Reifenzeitung reports, Rockendorf confirms that he’s held the position of head of marketing communications at Continental Aftermarket GmbH, a company within Continental’s Interior division, since 1 August 2018. In this role, he is responsible B2B and B2C communications for the aftermarket parts business.
Kumho high performance range covers major market segments
Kumho’s latest range of high performance tyres has been assembled to tackle all relevant applications from the middle to the higher end of the market.
Linglong to become first Chinese global Top 10 car tyre manufacturer by 2019 – analyst
New research by London based independent research company Astutus Research suggests that a domestic Chinese company could be about to join the top 10 global manufacturers of passenger car and light truck (PCLT) tyres. Linglong Tyre, currently ranked 12th globally in the segment by unit sales, is forecast to take tenth place by 2019, replacing South Korea’s Kumho Tyre. The move would make the manufacturer the first from China to enter the PCLT top 10.
Kumho tyres OE on Volkswagen Atlas
The Volkswagen Atlas is not just the newest member of the VW family, it is also the largest. The seven-seater SUV is primarily aimed at the North American market; however, this heavyweight is also expected to attract buyers in markets such as China, Russia and the United Arab Emirates. Kumho Tire reports that its Kumho Crugen Premium KL33 has been selected as an original equipment tyre for the Atlas, with models rolling off the Volkswagen production line in Chattanooga, Tennessee fitted with the tyre in size 245/60 R18 105T.
Four new Kumho tyres coming to The Tire Cologne
Kumho Tire says it will have a “major presence” at The Tire Cologne and display its entire range of passenger car and truck tyres. In addition, details of no less than four new products will be revealed at the 387 square metre Kumho exhibition space.
Kumho Tire CEO ‘grateful’ for dealers’ support as first post-acquisition tyre launched
A new owner has arrived on the scene, but it is business as usual for Kumho Tire in Korea. The tyre maker has launched its first new tyre since Doublestar became Kumho Tire’s largest shareholder last month. More than 350 dealers from across South Korea attended the unveiling of the Kumho Majesty 9 Solus TA91 yesterday.
Fuel savings a focus for Kumho Ecowing ES31
A new Kumho tyre designed with low rolling resistance and fuel savings in mind has been released in the UK. The Kumho Ecowing ES31 is available in 38 sizes, and Kumho Tyre UK says almost 70 per cent of these sizes carry an EU tyre label rating of ‘B’ for fuel efficiency - this is, it adds, – an “impressively high margin by any standard.”
No extension for Kumho Tire receivership deadline
Sale agreement or receivership – according to creditors, 30 March remains the deadline for Kumho Tire. Yonhap News Agency writes that Lee Dong-gull, chairman and chief executive officer of the Korea Development Bank, has ruled out an extension to this deadline. This means that should its labour union not agree to Qingdao Doublestar Tire’s purchase of a 45 per cent share in the company, from Monday 2 April Kumho Tire will be bankrupt and placed under court receivership.
Why Doublestar’s Kumho purchase is a good idea
15 months after bidding got underway, Qingdao-based Doublestar and its consortium of Chinese banks and investors bought 45 per cent of the South Korean tyremaker Kumho Tire over the Easter weekend. Whatever other clauses are written into the deal, following the release of shares issued for the purpose of the sale, Kumho Tire’s creditors will own a 23.1 per cent shareholding in the tyre maker, down from 42.01 per cent. This makes the Chinese tyre firm controlling shareholders in South Korea’s Kumho Tire.
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