Hankook boosted its sales during third quarter
Hankook Tire Co. posted sales of $1.06 billion during the third quarter, the third consecutive quarter it has achieved more than $1 billion in sales. "Sales were driven by year-over-year gains of over 40% in... the profitable ultra-high performance tire business," say Hankook officials.
Ultra-high performance tires accounted for $103.4 million of the company's sales during the quarter.
"The North American market saw sales increase by 37%, while Europe continued to grow by 14%. Hankook continued to show strong sales increases in emerging and newer markets."