Tag: Kumho
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.
KDB wants a no-strike clause in Kumho/Doublestar deal
Korea Development Bank (KDB), the main creditor of Kumho Tire, has plans to put a no-strike clause in Doublestar’s current bid to buy Kumho.
Kumho Tire deadline approaching
It won’t be a Good Friday for Kumho Tire if an agreement between its creditors and the labour union representing its workforce isn’t reached by the end of this week. Friday 30 March is the deadline set for a formal consensus regarding the sale of a 45 per cent share in the tyre maker to China’s Qingdao Doublestar Tire for KRW 646.3 billion (£421.7 million).
Kumho tyres OE on BMW X3
The Kumho Crugen HP91 has been selected as an original equipment fitment on the latest generation BMW X3. The tyre of choice is a 245/50 R19 105W XL version – these are supplied direct to BMW’s American plant in Spartanburg, South Carolina, where the X3 is produced. From there the completed cars are shipped across the Atlantic for sale in the European market.
Doublestar back in pole-position for Kumho purchase
Having previously been ruled out of the running to buy Kumho Tire, Qingdao, China-based manufacturer Doublestar Tire is once again in pole-position to buy the South Korean tyremaker. “Doublestar Tire is the best option in view of a fast restoration of Kumho Tire and its corporation in China and the minimization of our losses”, Kumho’s creditors said in a widely reported statement.
‘Lifestyle tyres’ swell Kumho’s SUV and 4×4 tyre range
Kumho’s 4x4 and SUV tyre range has been further enhanced by the addition of the Crugen HP91 and Crugen KL33 SUV offerings. While there are numerous Kumho 4x4 products from which to choose, the majority of requirements will be covered by these new on-road products, plus the cross-functional new Road Venture patterned MT51 and established KL71. Between them they cover everything from such top end SUVs as the Range Rover and BMW X5 to the ever-popular Land Rover Defender. Because this is an SUV-orientated feature and because they are Kumho’s latest products, here we focus on the HP91 and the KL33 SUV.
Michelin the number one consumer researched tyre brand: Tyre Reviews
Consumers are increasingly likely to research their tyres online pre-purchase, regardless of whether they complete an e-commerce transaction. Peer review website Tyre Reviews has therefore become an influential destination in the car tyre market: discussing Tyre Reviews’s audience, owner, Jonathan Benson, states that 94 per cent of Tyre Reviews visitors are engaged in the tyre buying process, with its users predominantly “high earning, well educated, male automotive enthusiasts looking for the best possible product for their vehicle.” In 2017, the site delivered 25 million pageviews to tyre buyers, and claims to have influenced around “one-sixth of UK tyre sales.”
Latest Kumho eco tyre leads 2018 UK car tyre range
Kumho has introduced its latest eco tyre, the Ecowing ES31, to the UK market, joining its high performance Ecsta range. The new tyre will gradually replace the established KH27, and is available initially in a total of 38 14 to 17 inch sizes, almost 70 percent of which carry a B label grade for rolling resistance. The sizes including all the key fitments for such best-selling small and medium-sized hatchbacks and saloons as the VW Polo and Golf, Fiat 500, Audi A1, A2, A3 and A4, BMW 1 and 2 Series, Peugeot 208 and Renault Clio.
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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