Hankook is reporting third quarter global sales figures
totaling 1.69 trillion in Korean funds, a year-over-year
increase of 23 percent. The company's third quarter
operating profit was KRW 129.9 billion.
The tire maker says it has posted continuous growth in
each quarter of this year “as a result of upgraded brand
value and increased recognition for high-quality
tires.”
In addition to presenting “cutting-edge technology,” the
company’s third quarter achievements “were further
driven by ongoing efforts to diversify markets, improve
productivity and develop customized tires for global
customers.”
Hankook says it has recorded “balanced growth in all
markets” compared to last year’s third quarter. It sold
49.6 percent and 30.1 percent more tires than last year
in Europe and North America, respectively.
The company netted a 36.2 percent growth rate in the
Middle East and was up 26.7 percent in the Asia Pacific
regions.
Positive performance was shown in Hankook’s overseas
original equipment sales, recording a 65.7 percent
increase. OEM fitments include the 2011 Ford Explorer
and BMW MINI models.
Sales of the company’s ultra-high performance tires were
up 47.7 percent. Its Korean operation more than doubled
the sales of UHP tires to domestic automakers, and sold
79.6 percent more UHP tires to overseas nameplates than
last year.
For more information, visit www.hankooktire.com.
