Hankook posts 3Q sales of $1.3 billion
Hankook Tire Co. achieved global consolidated sales of $1.3 billion during the third quarter of 2010, a 7.1% increase over the same period in 2009.
"Hankook has shown continuous growth every quarter in 2010 and sales generated in Korea, China and Hungary again marked the highest ever quarter records (for the company), despite rising raw material prices," say Hankook officials.
"Sales from Korea, China and Hungary showed 10.1%, 6.6% and 13.7% year-over-year growth, respectively."
Globally, Hankook says its ultra-high performance tire sales have risen 30% year-over-year. "Sales figures were especially swung upward in the Americas and Asia-Pacific markets. Hankook also established remarkable results from UHP tire supplies to auto manufacturers around the world. The company's UHP original equipment supplies produced in Korea and China were up 82.7% and 51%, respectively, from the same period last year."