Truck News

Product

MATS Report: Hankook Tire says its R&D investments are paying dividends

LOUISVILLE, Ky. -- Hankook Tire announced its emphasis on research and development is paying off, with the company ...


LOUISVILLE, Ky. — Hankook Tire announced its emphasis on research and development is paying off, with the company reaching US$3.4 billion in global sales in 2007.

The company says this cements its place as the fastest-growing tire manufacturer in the world. Sales in North America increased more than 9.5% in 2007 compared to the prior year. Hankook officials say the company commits about 5% of its revenue to research and development.

“Despite a challenging year for the industry as a whole, improving the quality and reputation of our products has allowed us to build margins without adversely affecting our sales growth in both new and established markets,” said Hankook CEO, Seung Hwa Suh.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*