Hankook reports first half gains

Oct. 16, 2007

Hankook Tire Co. Ltd. says its first half operating profit grew by 10% over first half 2006 levels. "Strong cash flow, low debt and high liquidity have set conditions for Hankook to work toward additional production facilities and further investment activities," say Hankook officials.

"New facilities, as well as spreading global risks, will help decrease logistics costs."

Hankook officials add that completion of the company's new Hungarian factory "will reduce delivery times from over one month to within five days to all locations throughout Europe."