ATLANTA (Jan. 30) — Kumho Tire Co. Inc. has joined the Tire and Rubber Industry Consortium as the 10th member-owner, according to RubberNetwork L.L.C.
South Korea-based Kumho joins Continental A.G., Cooper Tire & Rubber Co., Goodyear, Hankook Tire Co. Ltd., Group Michelin, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co. and Yokohama Rubber Co. Ltd. in the consortium.
"The addition of Kumho is both a validation of their stature in the industry and the wisdom of RubberNetwork´s founders in forming the company in 2000," said Philip Ringo, chairman and CEO of RubberNetwork.
The consortium said it extends the collective resources of the participants to facilitate change. The group claims that through strategic sourcing and supply chain management, it delivers "reduced costs, increased efficiencies and opportunities for relevant benchmarking and knowledge sharing."