A new concept tire from Hankook will be showcased on the new electric drive concept vehicle from Volkswagen, the I.D. Crozz II, at the IAA in Frankfurt. Following the world première of the concept car in Shanghai in April, the company is presenting a new version of the I.D. Crozz at the IAA. Like the Volkswagen I.D. and the I.D. Buzz, the latest generation from the Volkswagen Group is also equipped with Hankook tires.
Seoul, Korea / Neu-Isenburg, Germany – Hankook Tire has posted a 34.4% drop in operating earnings for the second quarter on global sales 3.5% lower at €1.341 billion, the company announced 9 Aug.
The Korean tire maker linked the earnings decline, which saw operating profit fall to €163.9 million, was mainly due to higher raw materials prices.
On a brighter note, Hankook said quarter-on-quarter sales revenue had increased, with growth “outpacing the market.”
Hosung Suh has been named the new president of Hankook Tire America. It is hoped that with his previous strategic planning experience at Hankook, and in roles within companies in both the USA and Korea, he will excel in growing Hankook Tire’s market share in the USA.
“The United States market is very important to Hankook Tire. I am excited to join our outstanding team to achieve the company’s goals in this region,” said Suh.
NASHVILLE, Tenn. — Hankook Tire America Corp. has renewed its commitment to DAV (Disabled American Veterans), which provides free services to veterans of all generations.
London – Hankook Tire is delaying the start-up of its tire plant in Clarksville, Tennessee, which had been scheduled to commence operations over a month ago.
In a written statement to ERJ, a Hankook spokesman confirmed that the US facility is “not producing tires for commercial distribution at this time.”
The Clarksville plant, the statement added, is currently “training employees and refining processes as we prepare to ramp to commercial production.”
Jim Sicking has joined Hankook Tire America Corp. as its director of corporate sales.
“James possesses a strong blend of sales experience and industry knowledge,” said Hee-se Ahn, Hankook Tire America Corp. president. “We are eager to welcome him to our growing team.”
Sicking has nearly three decades of sales experience in the automotive industry. Prior to joining Hankook, Sicking worked at Continental Tire the Americas, Phillips Industries, Workhorse Group and MGM Brakes.
Hankook Tire Co. has earned a Red Dot Design Award 2017 for its Laufenn I FIT the studless winter tire.
“Following last year’s multiple wins from Red Dot Design, this award once again solidifies Hankook Tire’s commitment and determination to lead future driving through progressive innovation and creative design,” said Seung Hwa Suh, vice chairman and CEO of Hankook Tire. “We will continue to contribute to advancement in driving with aspiration for innovative technology, both through Hankook and Laufenn’s dedicated technology leadership.”
The Red Dot Design Award is an international design prize awarded by the Design Zentrum Nordrhein Westfalen, Germany.
In addition to Formula Drift competition, Hankook will sponsor Rhys Millen at the Pikes Peak International Hill Climb for the seventh consecutive year.
Hankook Tire has announced plans to bolster its Formula Drift roster and racing tires heading into the 2017 season. Reigning champion and Formula Drift legend Chris Forsberg will be back for his 7th consecutive year with Hankook, alongside friend and fellow Hankook teammate Ryan Tuerck.
Global Automotive Airless Radial Tire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is in-tire technology to revolutionize airless tire market. Bridgestone has been developing a system known as Contact Area Information Sensing (CAIS) system since 2011. The company demonstrated the same in December 2015 in Japan and announced that the system was market-ready. In CAIS, tires have sensors mounted on them, which monitor the road surface and communicate the information to the driver in real time. This is expected to be a game changer for airless tires since noise and vibration have been some of the prime drawbacks of these tires (discussed in the section on market challenges).
The 2017 endurance season kicks off with the Hankook 24H Dubai on 12 to 14 January, and the 24-hour race in the United Arab Emirates also represents the first stop for the 24H Series powered by Hankook, which the company has supported as exclusive tyre partner and title sponsor since 2014. The 24-hour series comprises a total of seven rounds, with four 24-hour races and three 12-hour races.
Hankook Tire’s preparations for the start of the season began last November. Almost 10,000 race tyres – 7,000 slicks and 2,500 rain tyres – were loaded onto a ship and sent on their way to Dubai. The “black gold” arrived last Saturday. In order to be able to offer all the teams perfect service at all times, roughly 50 employees will be in action for the exclusive tyre partner at the Dubai Autodrome.
“Our mechanics will be working in three shifts on five assembly lines. The Hankook race engineers will be available at all times, should the teams have any issues regarding the tyres and set-up,” comments Manfred Sandbichler, Hankook motorsport director Europe. “As at all the rounds of the 24H Series powered by Hankook, we are providing one standard compound for all tyre sizes at the season-opener in Dubai. As such, we are, as much as possible, ensuring everyone in the field has the same opportunity.”