Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Best Places to Work
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 26, 2018 02:00 AM

Hankook to add truck tire capacity at Hungary plant

Tire Business Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Hankook announced expansion plans for the construction of a new truck tire production unit in Racalmas, Hungary.

    NEU ISENBURG, Germany—South Korea's Hankook Tire Co. Ltd. is moving ahead with plans to add truck tire capacity at its 11-year-old passenger tire factory in Racalmas, Hungary, with production expected to come on stream in mid-2020.

    Hankook is budgeting $358 million for the expansion, which will result in 550,000 units of annual capacity for medium and heavy truck and bus tires. It also will create about 150 jobs.

    Hankook said the decision to green-light this expansion reflects its growing business in Europe in the commercial tire sector, including original equipment relationships with several of the continent's leading commercial-vehicle makers.

    "After seeing a significant and stable increase in demand over the years, the decision was made to establish a Europe-based truck and bus tire production facility at the company's Hungarian factory," the company said. Hankook supplies these customers predominantly from one of its two factories in South Korea.

    Among its European truck customers are Mercedes-Benz A.G., MAN Truck & Bus A.G. and Scania Group, along with trailer manufacturer Schmitz Cargobull A.G.

    Since opening the Racalmas factory in August 2007, Hankook has expanded the plant continuously, boosting capacity 350 percent over its initial rating to more than 55,000 car and light truck/SUV tires a day. Along the way, Hankook has gained OE positions with more than a dozen European brands, including Audi, BMW, Fiat, Ford, Hyundai, Kia, Mercedes-Benz, MINI, Opel, Peugeot, Porsche, Seat, Skoda and Volkswagen.

    "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." Hankook Tire Europe President Han-Jun Kim said.

    "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."

    The construction is set to begin in June, with production expected to start from around June 2020. Hankook did not disclose the physical size of the plant to be built adjacent to the existing car/light truck tire plant.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Wacky World of Rubber: The true story behind the rubber match
    2
    Sumitomo Chemical ending SSBR, EPDM production
    3
    Sustainability, circularity require full tire industry buy-in
    4
    Arlanxeo plans Saudi Arabian SR production plant
    5
    VMI outlines tire technology upgrades for efficient, sustainable manufacturing
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Best Places to Work
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION