Hankook Tire posts solid Q2 earnings

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BRAMPTON, Ont. — Hankook Tire enjoyed a 14% year-over-year increase in sales globally in the second quarter and a 22.7% jump in profit to CAD$155 million.

Hankook says its performance in Canada has continued to be strong and it is leveraging its new western distribution centre to increase market share.

“Hankook Tire continued to have robust growth in the second quarter,” said Seung Hwa Suh, vice-chairman and CEO of Hankook Tire. “With a positive outlook, we look forward to building stronger momentum during the second half through our ongoing focus on enhancing Hankook’s brand value, increasing customer satisfaction, and expanding our OE tire supply to premium automakers.”



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