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Hankook Tire announce plans to expand tire production in Europe

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© Hankook Tire

Hankook Tire announced expansion plans for the construction of a new truck tire production unit in Rácalmás, Hungary. The works are set to begin during the 1st half of 2018, while the start of production is expected to commence around 2 years later. It will play a pivotal role in Hankook Tire’s long-term strategy to cater to European market demands in both the original equipment and replacement truck and bus tire sector.

The Hungarian plant is a key part of Hankook’s European strategy, as it is the only production unit within the region. As such, it is responsible for catering to the needs of the continent’s tire market. The expansion will create approximately 150 new jobs and provide a production capacity of over 550 thousand medium and heavy truck and bus tires yearly.

Thanks to the latest developments, production capacity has reached more than 55 thousand tires per day, equating to a current production capacity of up to 19 million tires a year, offering almost 900 size and model variations for passenger cars, SUVs, vans and light trucks. Since the initial phase, the capacity has already increased 3.5 times, whilst maintaining excellent production quality proven by the original equipment supply for various popular automobile brands, such as Audi, BMW, Fiat, Ford, Hyundai, Kia, Mercedes-Benz, MINI, Opel, Peugeot, Porsche, Seat, Skoda and, VW.

“As a strategic partner to many leading vehicle makers, Hankook Tire has become well-known worldwide for its first-class technology and premium quality tires in the car and SUV segment, and for some years in the medium and large size truck and bus segment too”, explained Han-Jun Kim, President of Hankook Tire Europe. “Thus we have noticed a sharp increase in demand for our truck and bus tires within the European market, and we hope to soon satisfy our customers increasing demands with the help of our new Hungarian truck and bus tire unit.”

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