About Hankooktire

Company Profile

Company Profile

As a leading global company,Hankook Tire is contantly pursuing profit-based growth.

About Hankook Tire America Corp. (subsidiary of Hankook Tire Co., Ltd.)
Headquartered in Wayne, N.J., Hankook Tire America Corp. is a technology-focused, market-driven company that markets and distributes a complete line of high performance and ultra-high performance passenger tires, light truck tires, SUV tires, as well as medium truck and bus tires to more than 400 independent dealers through 3000+ retail sales locations in the United States and Canada.

Hankook Tire America Corp. Fast Facts

  • Posted U.S. sales increase of 6 percent in 2008 to a record $700-plus million, including unit sales gains in the ultra-high performance and touring passenger categories, along with light truck and medium/heavy duty truck tire categories
  • Sales in the U.S. and Canada represent 15.6 percent of Hankook’s global sales
  • Hankook added 145,000-square-feet of warehouse space to existing distribution centers in early 2009. The company now has 1.7 million-square-feet of warehouse space to accommodate up to 2.5 million tires with distribution centers in New Jersey, Tennessee, Texas, Illinois, California and Oregon.

Hankook Tire in North America

  • 1981 - Established first North American office
  • 1992 - Established first overseas facility and R&D Center in Akron, Ohio
  • 1999 - Started to supply Ford to become its first Asian tire manufacturer supplier
  • 1999 - Moved North American headquarters to current location in Wayne, New Jersey
  • 2000 - Received Ford’s Q-1 Award
  • 2003 - Hankook race tires officially brought to America with the introduction of the Ventus RSS Z211 R-Compound Racing Tire
  • 2005 - Selected as strategic partner of Ford increasing its supply to 2.2 million tires annually, and was the only tire company of six supplying Ford to receive Ford’s gold ‘World Excellence Award’
  • 2007 - Debuted North America’s first ever drifting Porsche, equipped by Hankook Tire
  • 2007 - Supplied tires to Hyundai Motor’s Alabama plant
  • 2008 - Only tire company to receive Ford’s 2007 silver ‘World Excellence Award’ marking the second time Hankook has received this honor from Ford
  • 2009 – Kontrol Technology is implemented in every facet of US operations. The new Optimo H724 unvailed and launched. More OE vehicles added with: GM and Kia.
  • 2010 – Hankook Tire America has record months of growth. The PATENTED V2 Concept is unveiled and launched. More OE vehicles added with: Chevy, Ford, Dodge, Hyundai, Kia, and VW.

About Hankook Tire Co., Ltd

Hankook Tire (CEO: Seung Hwa Suh) 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, 4x4, SUVs, light trucks, campers, trucks, buses and for automobile motorsport. It invests approximately five per cent of revenue in research and development and develops cutting-edge technologies through its five global R&D Centers meeting regional customer demands and enhancing customer satisfaction. Selling in 185 countries around the world, the company has more than 14,000 employees. Approximately 70 percent of revenue comes from growing overseas sales.

Hankook Tire Co., Ltd. Fast Facts

  • Seventh largest tire manufacturer in the world.
  • Recorded sales of USD 3.7 billion in 2008, an increase of 5.1 percent from USD 3.5 billion in 2007
  • Hankook plans to increase production globally by 5 million units, manufacturing 78 million tires in 2009
  • Developer and manufacturer of radial tires for passenger cars, light trucks (SUVs, RVs, etc.), trucks, buses and motorsports vehicles; it aims to produce 74 million tires in 2008 and currently sells tires in 185 countries with 14,000 employees globally
  • 5 production facilities, located in China, Hungary and Korea
  • 60 sales offices, 13 sales subsidiaries, five R &D centers, two OE offices
  • 6 percent of employees dedicated to and 5 percent of its revenues invested in R&D
  • Performing remarkably in China’s passenger-car radial-tire market, with a 25 percent share, making it the market leader

Hankook Tire Co., Ltd. History

  • Founded in 1941
  • 1979 - Built Daejeon, Korea plant
  • 1981 - Established Hankook Tire America Corporation
  • 1982 - Established the Main R&D Center (Korea) in Daejeon
  • 1992 - Opened first overseas facility and R&D Center in Akron, Ohio
  • 1994 - Hankook Tire established its Beijing branch in China
  • 1994 - Received ISO 9001
  • 1997 - Established of Europe Technical Center (ETC)
  • 1997 - Completed Keumsan, Korea plant
  • 1998 - Established China Technical Center (CTC)
  • 1998 - Received QS-9000 in 1997 and ISO 14001
  • 1999 - Completed Jiangsu (China) and Jiaxing (China) plant
  • 2000 - Introduced ERP System
  • 2001 - Opened Europe Distribution Center (EDC) in the Netherlands
  • 2003 - Established strategic alliance with Michelin
  • 2003 - Certified with ISO/TS 16949
  • 2004 - Unveiled new Corporate Identity
  • 2005 - Completion of Keumsan, Korea test track (G’Trac)
  • 2005 - Selected as strategic partner of Ford
  • 2006 - Started construction of new plant in Hungary in July
  • 2006 - Entered into Technical Agreement with premium car maker Audi
  • 2006 - Only tire manufacturer to receive FAW-Volkswagen 10 Best Suppliers award
  • 2007 - 100 millionth tire produced in China in March
  • 2007 - Roll-out of T-Station one-stop auto service concept in China in April
  • 2007 - Hankook Tire’s fifth, €500 million Hungary production facility begins in June
  • 2007 - Debuted North America’s first ever Drifting Porsche equipped with Hankook Tires in August
  • 2008 - First delivery of European-made tires from Hungary plant in August
  • 2008 - Optimo 4S became first ever all-season tire to be certified by Germany’s Blue Angel eco-label in May
  • 2008 - Globally announced "Kontrol Technology"
  • 2008 - enfren and Optimo 4S awarded with the iF Product Design Award 2009 by the International Forum Design Hannover, Germany in November

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