South Korean tyre manufacturer Hankook Tyre Co. Ltd. reported that its subsidiary, Hankook Tyre Europe will expand its research and development feats.
Europe Technical Centre, the German-based technical centre of the company has just commenced the new facilities in Hannover. The facility will be called Hankook’s European R&D Centre which will focus on developing tyre solutions that are appropriate to the European tyre market.
The expansion reflects that of the company’s OE supplies’ essence in the continent and will strengthen the company’s status in the European tyre market.
“The new location and additional capacities of our Europe Technical Centre are in line with the continuous growth Hankook sees in Europe,” explains Stefan Fischer, head of ETC at Hankook Tire. “The steadily increasing numbers of development projects for the European original equipment and replacement market ask for a corresponding expansion of development capacities.” (RJA)