Arab Today, arab today hankook tire to set up plant in us to boost its sales
Last Updated : GMT 20:27:49
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.

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
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Egyptian tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Egyptian tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:33 2017 Thursday ,23 February

Oil slips but close to multi-week high

GMT 17:44 2017 Wednesday ,22 February

Gasoline 98 octane price surges LL100

GMT 15:37 2017 Wednesday ,22 February

Nakilat Posts QR 955 Million Profit in 2016

GMT 15:32 2017 Wednesday ,22 February

Laffan Refinery 2 Cost QR 3 Billion

GMT 15:31 2017 Wednesday ,22 February

Oil up 2% as OPEC chief sees higher compliance with cuts

GMT 07:00 2017 Wednesday ,22 February

Oil prices rise on high OPEC compliance with output cuts
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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