SEOUL, South Korea (July 26, 2011)—Hankook Tire Co. Ltd.'s second quarter global sales rose 21 percent to a record $1.46 billion and operating income rose to $102.8 million.
Europe, North America, and the Asia Pacific regions, reported year-on-year revenue growth of 49.8 percent, 36 percent and 43.7 percent respectively.
The Ultra High Performance tire sales once again played a key role along with Hankook's recent tire supply to BMW and excellent results from European tire tests.
In Europe, Hankook sold 89.6 percent more UHP tires than last year's second quarter, while it sold 43.6 percent more in North America and 52.5 percent more in the Asia Pacific regions. Overseas original equipment for UHP tires were up 90 percent from the same period last year.