Hankook Tire is expanding its passenger tire segment with the release of the KINERGY PT (H737), a premium touring all-season tire, the company’s first tire made exclusively in the U.S. at its new plant in Clarksville, Tenn. The KINERGY PT is optimized for long-distance travel, safety and driving performance through enhanced traction.
AKRON—Tire manufacturing in North America is due for a sizable boost over the coming few months as Goodyear, Hankook Tire America Corp. and Giti Tire Group commission commercial-scale production at new factories in Mexico and the U.S.
AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.
AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.
The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.
A pair of futuristic concept tires earned Hankook Tire both Bronze and Finalist awards at the 2017 International Design Excellence Awards (IDEA) ceremony.
The International Design Excellence Award is a premier international design competition sponsored annually by the Industrial Designers Society of America (IDSA) and judged by top design experts across the globe. It is known as one of the world’s top three most prestigious awards alongside the iF Design Award and the Red Dot Award.
There’s no question that a big part of the luxury auto experience is a quiet ride, but it can be difficult to achieve when the vehicle’s characteristics call for performance tires. Hankook says it has addressed the problem with its new Sound Absorber technology, which will be used on OE tires for Audi’s Q model line.
Hankook says the technology is currently only available in its Ventus S1 evo. SUV, but is in the process of applying it to other sizes and products. These will mainly be UHP tires with low aspect ratios.
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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.”
Global tyre majors Bridgestone, Michelin, Goodyear, Continental and Pirelli have retained their first five positions respectively in the annual ranking of leading tyre manufacturers done by Tyres & Accessories based on full-year 2016 financial results. Sumitomo, Hankook, Yokohama, Maxxis and Cooper Tyres occupied the next five positions respectively among the Top 10 global tyre companies. One notable change this time is that Cooper has jumped over Giti to occupy the 10th position.
Although Hankook Tire is still hiring staff for its new factory in Clarksville, Tennessee and intends to hold an official plant inauguration ceremony towards the end of this year, tyre production has reportedly already started there.