SOUTH Korean Hankook Tire had record global sales of KRW6.484 trillion and operating profit of KRW566.3 billion for fiscal year 2011. Hankook Tire continued to record double-digit growth surpassing its annual target set in the beginning of 2011 to finish upwards with a 20.9% year-on-year increase in global sales, while the company’s operating profit slowed marginally as a result of a sharp increase in the price of imported raw materials. Hankook Tire saw a 41% and 34% increase in Europe and North America, respectively, followed by healthy growth of over 20% in Asia Pacific and Latin America.(PRA)
Asia's First E-Magazine for the Rubber Industry