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Jun 7, 2012

TIRES MAKER * WORLDWIDE

* S. Korea - Hankook supplies tires to premium automakers

 (Photo Courtesy of Hankook Tire: A worker examines a tire at Hankook Tire’s main plant in Geumsan, South Gyeongsang Province) 
Geumsan, South Gyeongsang,SK -The Korea Times, by Kim Tae-jong -5 June 2012: -- The nation’s leading tire manufacturer Hankook Tire proves its quality and reliability by supplying tires to more global premium automakers. The seventh-largest tire company in the world announced it has recently been selected as a new original equipment manufacturer for BMW for its new 3-Series. Under the contract, the vehicle will come from factories equipped with Hankook Ventus S1 evo2 tires. The 3-Series is the third model by BMW Group to be fitted with Hankook tires...


* Japan - Goodyear Acquires Nippon Giant Tire Unit 

Tatsuno,Japan -Benzinga, by Paul Quintaro -June 6, 2012: -- The Goodyear Tire and Rubber Company today demonstrated its commitment to its global Off-The-Road tire business by announcing a major expansion in Japan... The company has acquired 100 percent ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. Goodyear, the majority shareholder of NGT since 1985, has purchased the shares owned by its joint venture partners, Toyo Tire and Rubber Co., Ltd. and Mitsubishi Corporation, for an undisclosed amount...

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