Latest news with #HankookTire
Miami Herald
22-07-2025
- Automotive
- Miami Herald
Korea's Hankook Tire to expand production at U.S. factory
SEOUL, July 22 (UPI) -- South Korea's leading tire maker, Hankook Tire & Technology, plans to expand production lines in its U.S. factory to roll out truck and bus radial tires, or TBR, later this year. Hankook Tire said Tuesday that it strives to increase its TBR tire production to 1 million by the end of 2026 at the Tennessee factory. The firm also aims to double the annual capacity for passenger car and light truck, or PCLT, tires to 11 million. This marks the first time Hankook Tire will churn out TBR tires in the United States. Established in 2017, the Tennessee plant has focused on PCLT tires. The company decided to manufacture TBR tires there because of planned 25% tariffs that could be imposed Aug. 1 by the Trump administration on products imported from South Korea. As of last year, the biggest market for TBR tires made in Hankook Tire's East Asian factories was North America with 38%, followed by Europe with 29%, Korea with 19% and China with 6%. Observers point out that Hankook Tire's move makes sense in consideration of the fast-growing TBR tire market. "People care more about PCLT tires. But for tire makers, TBR tires are more lucrative and contribute more to sales. Hence, Hankook Tire's decision to install TBR tire lines in the U.S. draws attention," Daelim University automotive professor Kim Pil-soo told UPI. "You should win out in the U.S. automotive market to become a genuine global powerhouse. The high tariff of Washington also must have affected its policy of raising production in its Tennessee factory," he said. New York-based business tracker Zion Market Research projected that the global TBR tire market would go rise to $34.47 billion in 2034 from $17.79 billion last year. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
22-07-2025
- Automotive
- UPI
Korea's Hankook Tire to expand production at U.S. factory
South Korea's Hankook Tire & Technology plans to produce truck and bus radial tires in its Tennessee factory later this year. Photo courtesy of Hankook Tire & Technology SEOUL, July 22 (UPI) -- South Korea's leading tire maker, Hankook Tire & Technology, plans to expand production lines in its U.S. factory to roll out truck and bus radial tires, or TBR, later this year. Hankook Tire said Tuesday that it strives to increase its TBR tire production to 1 million by the end of 2026 at the Tennessee factory. The firm also aims to double the annual capacity for passenger car and light truck, or PCLT, tires to 11 million. This marks the first time Hankook Tire will churn out TBR tires in the United States. Established in 2017, the Tennessee plant has focused on PCLT tires. The company decided to manufacture TBR tires there because of planned 25% tariffs that could be imposed Aug. 1 by the Trump administration on products imported from South Korea. As of last year, the biggest market for TBR tires made in Hankook Tire's East Asian factories was North America with 38%, followed by Europe with 29%, Korea with 19% and China with 6%. Observers point out that Hankook Tire's move makes sense in consideration of the fast-growing TBR tire market. "People care more about PCLT tires. But for tire makers, TBR tires are more lucrative and contribute more to sales. Hence, Hankook Tire's decision to install TBR tire lines in the U.S. draws attention," Daelim University automotive professor Kim Pil-soo told UPI. "You should win out in the U.S. automotive market to become a genuine global powerhouse. The high tariff of Washington also must have affected its policy of raising production in its Tennessee factory," he said. New York-based business tracker Zion Market Research projected that the global TBR tire market would go rise to $34.47 billion in 2034 from $17.79 billion last year.
Malaysian Reserve
22-07-2025
- Automotive
- Malaysian Reserve
Hankook Tire Pushes the Pace at WRC Delfi Rally Estonia 2025
20 special stages delivered fierce competition, wrapping up Delfi Rally Estonia with success Dynapro R213 proved its all-terrain reliability in harsh rally conditions All eyes on Finland: Round 9 promises high-speed drama from July 31 to August 3 TARTU, Estonia, July 22, 2025 /PRNewswire/ — Round 8 of the 2025 FIA World Rally Championship (WRC), Delfi Rally Estonia – exclusively supplied with rally tires by global leading tire company Hankook Tire & Technology (Hankook Tire) – wrapped up in success on July 20 across Tartu and the southern region of Estonia. Delfi Rally Estonia, known for its fast-paced nature, features a dynamic mix of flat-out straights through the southern Estonian forests and narrow, technical corners. Drivers tackled 20 special stages (SS) spanning approximately 308 kilometers, delivering high-stakes competition from start to finish. This round stood out as one of the fastest in the WRC calendar, with average speeds exceeding 120 km/h across gravel stages. Drivers charged through loose surfaces, strung with back-to-back jumps and rugged terrain, demanding precise control and unwavering focus. Under such unforgiving conditions, the consistency and reliability of the rally tires proved decisive in determining the race outcome. Hankook Tire supplied its extreme all-terrain rally tire, the 'Dynapro R213', to support stable driving performance in the face of diverse and demanding rally conditions. Built on durability, the 'Dynapro R213' once again demonstrated top-tier engineering on the global motorsports stage—delivering impressive shock absorption across gravel as well as outstanding grip and precise steering even at high speeds. In the WRC1 class, Toyota GAZOO Racing World Rally Team driver Oliver Solberg secured his maiden career victory, with Hyundai Shell Mobis World Rally Team's Ott Tänak and Thierry Neuville completing the podium in second and third, respectively. With this result, Tänak moved to the top of the Driver's Championship standings, edging Toyota's Elfyn Evans by just one point. Round 9 of the 2025 WRC, Secto Rally Finland, is set to take place from July 31 to August 3 in Jyväskylä, Finland. Hankook Tire is poised to deliver optimal performance once again, providing unwavering support to help drivers push their limits in the rally known for its ultra high-speed stages, blind crests, and a series of long airborne jumps. In preparation for the WRC initiative, Hankook Tire has conducted over 2,000 km of real-world testing across more than eight countries in collaboration with the FIA and global manufacturers. Leveraging these results, the company developed high-performance rally tires officially certified by the FIA. Starting from the 2025 season, Hankook Tire has been the exclusive tire supplier for all WRC classes (WRC1, WRC2, WRC3, Junior WRC) under a three-year contract, further strengthening the premium stature of the 'Hankook' brand on the global stage. Photo – – View original content:
Arab News
02-07-2025
- Automotive
- Arab News
Hankook Tire participates in ‘Mobility Live 2025'
Global tire company Hankook Tire and Technology participated in Mobility Live Middle East 2025, the region's premier mobility exhibition, held from June 24 to 25 at the Dubai World Trade Center. Mobility Live Middle East 2025 is the region's largest mobility exhibition, centered around the future of transportation — including electric vehicles, smart infrastructure, and sustainable public transit. This year's event brought together more than 10,000 experts, 1,000 VIP buyers, and over 250 participating brands, offering insights into future market trends. Making its second consecutive appearance at the event, Hankook Tire reinforced its leadership in world-class EV tire technology. At its booth, the company showcased its premium EV product lineup tailored for Middle Eastern driving environments. Featured products included the 'iON' brand — the world's first full lineup of EV-exclusive tires — comprising the high-performance 'iON evo,' the summer tire 'iON GT,' and the 'e-SMART City AU56' for electric buses. In particular, the iON evo was recognized for its outstanding braking and handling performance, earning the top ranking in a recent tire comparison test conducted by Auto Bild, an automotive magazine in Germany. The e-SMART City AU56, a truck and bus radial tire, offers optimized mileage performance compared to previous models. It incorporates advanced tread block technology to deliver improved grip and extended tread life. 'Hankook Tire continues to strengthen its premium brand presence and expand its footprint in the Middle East EV tire market through a range of strategic initiatives,' said Jongwoo Kim, head of Hankook Tire's Middle East and Asia division. 'Mobility Live provided an exceptional platform to showcase the innovation behind our 'iON' brand, which leads the way in promoting sustainability in the future mobility sector through the use of advanced eco-friendly materials.' He added, 'In line with the UAE's vision to accelerate EV adoption and its broader sustainability goals under the UAE Net Zero 2050 strategy, our participation in Mobility Live highlights our commitment to supporting the region's clean mobility transformation. We are also reviewing Vision 2030 roadmaps set by each ESG steering committee to re-evaluate our current position and establish a refreshed mid- to long-term strategy for the decade ahead.'
Yahoo
03-06-2025
- Business
- Yahoo
Hankook Tire Commits Support to Boys & Girls Club of Middle Tennessee
$20,000 donation will support new club set to open in Clarksville, Tenn. NASHVILLE, Tenn., June 3, 2025 /PRNewswire/ -- Leading global tire manufacturer Hankook Tire has donated $20,000 to support the upcoming opening of the Boys and Girls Club of Middle Tennessee's (BGCMT) newest location in Clarksville, Tenn. At an event held on May 31, officials from Hankook Tire and BGCMT – Clarksville Club came together to officially announce the tiremaker's support of the club's initiatives as they look towards the opening of their Clarksville location. With this sponsorship, Hankook Tire will support BGCMT's plans to bring its services to the greater Clarksville area. BGCMT announced plans to open a new club in the area in June 2024, following a thorough assessment which identified a strong need for the club's presence to bring positive enrichment and activities to the city's youth. As Clarksville's population continues to grow rapidly – in part due to economic investments from companies such as Hankook – BGCMT will offer dedicated, curriculum-based programs to help Club Members achieve success in priority areas including academics, healthy lifestyles, and good character and leadership. "Clarksville is home to our North America manufacturing operation, and we are dedicated to supporting the community where so many of us live and work," said Rob Williams, President of Hankook Tire America Corp. "We have seen the great work that the Boys and Girls Club of Middle Tennessee has done in the region, and are certain that the Club's presence in Clarksville will bring important academic enrichment and community to many of our own employees' families. We are excited and honored to be able to support that mission." Hankook opened its first U.S. manufacturing plant in Clarksville in October 2017. Since then, the tiremaker has become an integral part of the Clarksville community. Its $800 million facility in Clarksville currently employs more than 1,000 employees and produces 5 million tires each year. The Tennessee Plant is currently undergoing two expansions simultaneously to expand production of both its Passenger Car and Light Truck (PCLT) and Truck and Bus Radial (TBR) lines. Upon completion of the expansion plan, the facility will achieve an expected annual production capacity of 10 million PCLT and 1 million TBR tires. This expansion will not only establish the Tennessee Plant as one of the largest in North America, but also bring additional jobs to the region and establish stronger relationships with the Clarksville community. Hankook presented the check to BGCMT – Clarksville Club during its Summer Festival community event held on May 31. The event brought together local vendors, entertainment and attractions for a family-friendly fundraiser for the Clarksville Club. In addition to the donation, Hankook served as a corporate sponsor for the Summer Festival. "We are incredibly grateful and excited to have Hankook Tire as a partner. Their generous donation demonstrates a profound belief in our mission and a commitment to the future of Clarksville's youth," said Deidre Ward, Boys & Girls Clubs of Middle Tennessee Board Member and Clarksville Committee Chair. "We have a significant need for safe, affordable, and enriching environments for the youth in our community. Hankook's investment will directly help us establish a club where every child can reach their full potential. We are thrilled to partner with a company that not only provides economic growth to our city but also deeply invests in the well-being and success of our youngest citizens." The Boys & Girls Clubs of Middle Tennessee – Clarksville Club is actively working in collaboration with the Clarksville-Montgomery County School System and anticipates operating within the local school facilities. About Hankook Tire America Tire America Corp. is a growing leader in the U.S. tire market, leveraging investments in technology, manufacturing and marketing to deliver high-quality, reliable products that are safer for consumers and the environment. Headquartered in Nashville, Tenn., Hankook Tire America Corp. markets and distributes a complete line of high-performance and ultra-high-performance passenger tires, light truck and SUV tires as well as medium truck and bus tires in the United States. Hankook Tire America Corp. is a subsidiary of Hankook Tire & Technology Co., Ltd., a Forbes Global 2000 company headquartered in Seoul, Korea. View original content to download multimedia: SOURCE Hankook Tire America Corp.
