Retail

Yokohama and Kumho sign new agreements

Posted on June 2, 2014

Yokohama Rubber Co. Ltd. announced it has signed a cooperative research and development agreement as well as a license and technology exchange agreement with South Korea’s Kumho Tire Co. Inc.

The agreements are based on the master technological alliance agreement signed by the two companies earlier this year on February 15.

Under thenew agreements, Yokohama Rubber and Kumho Tire will begin joint research and development on the tire-related technologies of the future, including ultra lightweight tires and other environmentally friendly tire technologies as well as new concept tires.

Kumho Tire, established in 1960, is headquartered in Gwangju, South Korea. The company is a core member of the Kumho Asiana Group, which also includes Asiana Airlines.

Kumho Tire recorded consolidated net sales of 3,699 billion won ($3.5 billion) in fiscal 2013. The company has eight tire plants in South Korea, China, and Vietnam and employs about 11,000 people.

Yokohama Rubber, founded in 1917, is engaged in the manufacture and sale of tires and a variety of products in its Multiple Business segment, including high-pressure hoses, sealants, marine hoses, and golf equipment.

In fiscal 2013 (ended Dec. 31), the company recorded consolidated net sales of 601.6 billion yen ($6.1 billion), with tires accounting for 479.5 billion yen of the total. Yokohama Rubber operates 12 tire plants (not including those currently under construction) in seven countries around the world and employs about 20,000 people globally.

Related Topics: Kumho Tire Co. Inc., R&D agreements, Yokohama Rubber Co. Ltd.

Comments ( 0 )
More Stories
Jeff Bootz brings 24 years experience in the tire industry to his new role as vice president of sales at Nitto Tire U.S.A.
News

Nitto Hires Jeff Bootz to Lead Sales Team

Nitto Tire U.S.A. Inc. has hired Jeff Bootz as vice president of sales. Bootz comes to Nitto Tire from its sister company, Toyo Tire U.S.A., and he begins his new role with Nitto on May 1, 2017.

Alpio Barbara is Modern Tire Dealer's current Tire Dealer of the Year. Nominations for the next winner are due May 26.
News

It's Time to Pick the Next MTD Tire Dealer of the Year

What does it take to be Modern Tire Dealer's Tire Dealer of the Year? Business success, marketing know-how and industry expertise are the foundation. Community involvement and management skills are important, too. And our 2017 award brings something special to the recognition.

News

Price Hike Boosts Michelin's 1Q Sales

Net sales for Michelin Groupe were up 9.9% in the first quarter of 2017, led by early buying of tires ahead of the company’s price increase which went into effect April 1.

Figure 1: Exploded view of a clamp-in style tire pressure sensor. Illustrations courtesy of General Motors Corp.
Article

TPMS: GM/Cadillac Escalade Series: 2007-16

The tire pressure monitoring system (TPMS) on 2007 to 2016 GM/Cadillac Escalade Series system uses the remote control door lock receiver (RCDLR), body control module (BCM), four radio frequency (RF) transmitting pressure sensors, and the serial data circuit to perform the sensor learn mode functions.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!