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
eBay has expanded its tire installation service, which launched in May 2017, to include the U.S.
News eBay Offers Tire Installation in the U.S.

Another online seller has launched a tire installation network in the U.S. — eBay Motors.

Popular Science has named the Hakkapeliitta 9 one of the best creations of 2017. It's the only tire on the list.
News Nokian Hakkapeliitta 9 Is 'Best of What's New' Award Winner

Popular Science has named the Hakkapeliitta 9 — the flagship winter tire by Nokian Tyres Inc. — a winner of the 2017 Best of What’s New Award.  

News Vogue Tyre Unleashes Its Style on New Website

Vogue Tyre & Rubber Co. has redesigned its website, mirroring it to the world class look and experience the company says its consumers expect.  

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!