Arab Today, arab today hankook tire to set up plant in us to boost its sales
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Hankook Tire to set up plant in US to boost its sales

Arab Today, arab today

Arab Today, arab today Hankook Tire to set up plant in US to boost its sales

Seoul - Yonhap

Hankook Tire Co., South Korea\'s largest tire maker, will set up a plant in the United States to boost its presence in the world\'s largest tire market, a top official said Monday. Suh Seung-hwa, vice chairman and CEO of Hankook Tire, said his company is considering Georgia, South Carolina and Tennessee as candidate locales for the plant. \"We are weighing\" the three southern states, Suh said in a news conference at a Seoul hotel, adding that the company will make a final decision by the end of this year. Suh said the proposed plant, which could have an annual production capacity of around 10 million units, is designed to boost his company\'s market share in the U.S. from the current 5 percent. The comment came three days after Kumho Tire Co., South Korea\'s second-biggest tire maker, announced its plan to complete construction of its suspended plant in Georgia. Kumho Tire broke ground for its first plant in Georgia in 2009, but the project has since been stalled as creditors placed the company under a debt workout scheme to help its parent group ease a liquidity squeeze. Still, Kumho Tire did not give a specific time frame as to when it will resume construction of the plant. The recent moves come amid a possibility that South Korea\'s largest carmaker Hyundai Motor Co. and its smaller sister company Kia Motors Corp. could expand assembly lines in Alabama and Georgia, respectively. Hyundai and Kia, which together form the world\'s fifth-largest carmaker, each have an annual production capacity of 360,000 units in the U.S. Also on Monday, Hankook Tire said it has been supplying original equipment tires for the new Mercedes-Benz S-Class since June as part of its first contract with German Daimler AG. \"The deal means that we became a company whose quality has been recognized in the world\'s tire market,\" Suh said. Hankook Tire, the world\'s seventh-largest tire maker by sales, has already been supplying original equipment tires to BMW and Audi, the other two premium German automakers, as well as Toyota Motor Corp. and Nissan Motor Co. Hankook Tire said it has a combined annual production capacity of about 94 million tires in its plants in South Korea, China, Indonesia and Hungary and ships its products to 180 countries around the world.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hankook tire to set up plant in us to boost its sales Arab Today, arab today hankook tire to set up plant in us to boost its sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hankook tire to set up plant in us to boost its sales Arab Today, arab today hankook tire to set up plant in us to boost its sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday