The seventh largest tyre manufacturer in the world Hankook Tyre said recently that two of its popular tyre products in Saudi Arabia, Optimo ME02 and Optimo ME04, will now be made at its newly constructed manufacturing plant in Cikarang, Indonesia, starting from 2013.
Following completion of the plant in Indonesia, the South Korean firm will produce a large volume of Optimo ME02 and Optimo ME04, two of the best-selling tyres in Saudi Arabia, which were previously manufactured at the Daejeon and the Geumsan plants in South Korea.
Hankook Tire’s newly constructed manufacturing facility in Cikarang is its seventh plant worldwide, joining the existing two in South Korea, one in Hungary and three in China. With a total investment of US$1.1 billion by 2018, the plant has recently started its initial production. It will export as much as 80% of its production to the US, Middle East and Australia. (RJA)