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May 1, 2012

Hankook increases 1Q sales by 17.1%

Hankook Tire Co. Ltd. recorded consolidated sales of 1.71 trillion won for its first quarter ended March 31, 2012. That compares to sales of more than 1.4 trillion won for the same period last year.

Tags: Hankook financials, Raw material costs, Seung Hwa Suh, Soo Il Lee

<p>&ldquo;Our continued strong growth in the U.S. market is driven by our investment in R&amp;D, industry leading product lines and technology, and the support of our dedicated customers,&rdquo; says Soo Il Lee, president of Hankook Tire America.</p>
December 16, 2011

Hankook breaks the $1 billion mark in the U.S.

Hankook Tire America Corp. already has reached $1 billion in U.S. sales in 2011, 18 days before the end of the year. That is a record for the 30-year-old company.

Tags: 2010 SEMA Show, Green, Hankook financials, OE, Smartway, Soo Il Lee, Sports Marketing

November 8, 2011

Michelin will sell Hankook stake

French tire maker Groupe Michelin has announced plans to sell its 9.98% stake in Hankook Tire Co. Ltd. Michelin said the move will provide funds which it plans to invest in high-growth markets, including Tier 2 and Tier 3 passenger and light truck tires.

Tags: Hankook financials, Light truck tires, Michelin financials, Passenger tires

October 21, 2011

Hankook will hike truck tire prices in November

Hankook Tire America Corp. is raising prices by up to 8% on its line of commercial tires in the United States. The amount of the increase will vary by product and size.

Tags: Hankook financials, Raw material costs, Truck tires

October 18, 2011

Hankook 3Q figures show record sales

Hankook Tire Co. Ltd. released record figures for the third quarter with global consolidated sales totaling nearly 1.7 trillion won, a year-over-year increase of 23%. The company's third quarter operating profit recorded 129.9 billion won.

Tags: Hankook financials, OE, Plant capacity, UHP tires

<p>'This facility&rsquo;s increased storage capacity and better location... will allow us to better serve our customers and fulfill orders more efficiently,' said Lee.</p>
September 25, 2011

Hankook's Lee: $100 million in August

Hankook Tire America Corp. held a grand opening for its new distribution warehouse in Dayton, N.J., on Friday, Sept. 23, 2011.

Tags: distribution center, Hankook financials, Soo Il Lee

July 27, 2011

Hankook Tire reports record sales in Q2 2011

Hankook Tire Co. Ltd. announced that its second quarter global consolidated sales were 1.58 trillion Korean Won (KRW), recording a 21% year-on-year (YoY) increase. The company’s second quarter operating profit recorded KRW 110.7 billion.

Tags: Hankook 70th Anniversary, Hankook financials, Seung Hwa Suh

<p>Hankook Tire&rsquo;s Vice Chairman and global CEO Seung Hwa Suh speaks at the groundbreaking ceremony for the company&rsquo;s seventh plant.</p>
June 10, 2011

Hankook plans 100 million tires annually by 2014

As part of a plan to produce 100 million tires worldwide annually by 2014, Hankook Tire Co. Ltd. held a groundbreaking ceremony for its seventh plant in Bekasi, West Java, Indonesia. The move is intended to increase production in North America, the Middle East and Asia.

Tags: Bus Tires, Hankook financials, Passenger tires, Seung Hwa Suh, Truck tires

<p>Hankook board members Seung-Hwa Suh (vice chairman and CEO), Hyun Shick Cho (CMO), Ki Yeul Huh (COO China), and 180 government officials take part in the groundbreaking ceremony of Hankook&rsquo;s third plant in China.</p>
May 26, 2011

Hankook breaks ground in China on sixth plant

Hankook Tire Co. Ltd. has broken ground for its third Chinese plant, this one located in Chongqing Liangjiang.

Tags: Bus Tires, Hankook financials, Passenger tires, Seung-Hwa Suh, Truck tires

May 14, 2011

Hankook will up inventory in N.J. by 70%

Hankook Tire America Corp.’s new warehouse in Dayton, N,J., will be open for business sometime within the next few months, according to the company.

Tags: Hankook financials, Inventory

May 6, 2011

Hankook increases commercial tire prices

Hankook Tire America Corp. is raising prices on its line of commercial tires, including Hankook and Aurora brands, by up to 9%.

Tags: Ag tires, Hankook financials, Industrial tires, Price increase, Raw material costs

April 21, 2011

Hankook posts highest quarter

Hankook Tire Co. Ltd., parent company for Hankook Tire America Corp., posted the highest quarter results in global sales for the first quarter of 2011 with South Korean won (KRW) 1.4 trillion, a 16.3% year-over-year increase.

Tags: Hankook financials, Hankook Tire

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