Hankook Tire is targeting 10 percent growth in 2021 after suffering a 6.2 percent drop in revenue this past year, due in large part to a down global economy amid the COVID-19 pandemic.
SEOUL, South Korea — Hankook Tire & Technology Co. Ltd. is targeting 10% growth in 2021 after suffering a 6.2% drop in revenue this past year, due in large part to a down global economy amid the COVID-19 pandemic. For the year ended Dec. 31, Hankook reported 15.5% higher operating income…
Hankook gains OE fitments on Audi RS Q8
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NASHVILLE, Tenn. German car maker Audi A.G. has expanded its OE relationship with Hankook Tire & Technology Co. Ltd., adding a pair of Hankook-branded OE fitments for its RS Q8.
Audi has added Hankook s Ventus S1 evo 3 ultra-high-performance tire as standard OE fitment and offers Hankook s Winter i cept evo 2 as an approved winter tire fitment.
The Ventus fitment is size 295/40 ZR22 (112Y) XL. The Winter i cept fitments are sizes 275/40 R22 107V XL (suitable for snow chains) or the 295/35 R23 108W XL. Hankook has already built up a long tradition of original equipment at Audi, Hyunjun Cho, Head of Hankook OE Division, said.
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The U.S. Department of Commerce has issued a preliminary determination on the subject of cheap imported tires originating in four Asian countries. The determination states that passenger and light truck tires imported from South Korea, Taiwan, Thailand and Vietnam are being sold in the U.S. at less than fair value. In the case of Vietnam, the D.O.C. has already issued a ruling that Vietnamese tire producers have received unfair subsidies associated with the country’s currency, which is described as “undervalued”.
This process of selling products, including tires, at less than fair value is known as “dumping”. Despite the name, it is entirely unconnected with disposing of tires at the end of their useful lives.
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Continental commissioned a study to examine its practices during late 1930s and early 1940s to see if and how it smay have benefited from the Nazi regime s militarization policies.
WASHINGTON The Department of Commerce has determined that passenger and light truck tires imported from South Korea, Taiwan, Thailand and Vietnam should be subject to antidumping duties ranging up to 98.44 percent depending on the country of origin.
Commerce s decision, published Dec. 30, is in response to petitions filed in early May by the United Steelworkers union, which claim tire producers from these regions are dumping their products in the U.S. at margins ranging from as low as 5.48 percent (Vietnam) to as high as 217.5 percent (Thailand).