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Tire manufacturers post robust earnings on growing high-end market

The top three tire manufacturers here - Kumho Tire, Hankook Tire and Nexen Tire - are on a path for profitable growth on increasing sales for bigger and premium tires, as consumers display unwavering preference for SUVs and luxury sedans, according to data and analysts, Tuesday. ....

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Kumho Tire reports 407.9% surge in Q1 net profit to $65.9 mil.

Kumho Tire on Monday reported its first-quarter net income of 91 billion won ($65.9 million), up 407.9 percent from a year earlier. ....

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[Photo News] Kumho in Europe

Kumho Tire held a brand experience day at the Vairano Circuit in Milan on April 21 to offer European dealers hands-on experiences with the Korean brand, the tire maker said Monday. The company plans to bolster its presence in the European market even further, as it has seen an average of 20 percent annual growth rate in its regional revenue over the last five years. The Korean tire maker has set out the record-high g. ....

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