| 29-04-2008
Hankook Tire is the world’s fastest growing tire maker by sales in recent years. It consolidated its position as the seventh largest tire manufacturer, according to independent industry figures published by Modern Tire Dealer. The figures show how Hankook Tire’s consistent investment of 5% of revenues in research and development, as well as its strategic focus on quality, has translated into estimated sales of US$3.5 billion in 2007, representing year-on-year growth of 20.6%.
Mr. Seung Hwa Suh, CEO, Hankook Tire, said, “Gaining sales volume alongside profitability is a reflection of our increasing reputation for quality and high-performance tires. The results show that we have made significant ground in closing the gap to the world’s number six position and independently verifies our ongoing success in making inroads into new and established markets. We will continue to focus on key growth drivers that will sustain this success over the long-term.”
Hankook Tire is the seventh largest and one of the fastest growing tire manufacturers in the world. It produces innovative, superior quality, and high performance radial tires for passenger cars, light trucks (SUVs, RVs, and etc.), trucks, buses and special motor sports vehicles.
Editor: Frederick Wei from Chinabuses.com
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