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Hankook Focuses on Environment

2008-08-28    Source:english.chinabuses.com

Hankook Tire, the seventh-largest and one of the fastest growing tire manufacturers in the world, will increase its ongoing investment into researching and developing more environmentally-friendly tire technology to at least KRW20 billion. It has invested KRW11 billion into environmentally-friendly tire technology over the past two and a half years, and the new investment focus will free approximately 350% more funds for environmental technology research every year. The investment into environmental technology is part of Hankook Tire’s consistent commitment to invest 5% of revenue into research and development annually, one of the highest proportions within the industry, and represents a concerted effort to meet and exceed emerging environmental demands from regulators, original equipment manufacturers and consumers.


Hankook Tire is one of the world's largest tire manufacturer for radial tires for buses, passenger cars, light trucks, etc. The Company has more than 14,000 employees in 5 Regional HQs, over 20 overseas subsidiaries and 5 R&D Centers around the world and makes 70% of revenue through overseas markets.


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