Congratulations to Hankook for rolling the 10 millionth tyre off the production line at its Hungarian factory.
The South Korean tyres manufacturer has ambitious plans for the future and has set its sights on establishing itself as a world leader in the tyres industry.
It has already calculated it is now the seventh largest tyres manufacturer in the world and the sixth largest in Europe in terms of unit sales.
The ‘Anniversary” tyre, the Ventus V12 evo, the 10 millionth tyre to come out of the heating mould at the Rácalmás plant, was particularly apt because the market for UHP and environmentally friendly tyres have reportedly shown particularly strong growth in Europe.
Jin-Wook Choi, executive vice-president and COO of Hankook in Europe, said: “The demand for our tyres has been growing steadily and dynamically all over Europe.
“This has allowed our European plant to roll its 10 millionth tyre off the production earlier than expected. Consequently, we are investing further 230 million euros into the expansion of the plant to enable the production of 10 million tyres a year or more than 30,000 tyres a day from 2012.”
Hankook is already committed to researching and developing tyres specifically to meet future needs of the European markets.
Denna Bowman, Head Office