Amidst higher costs and lower demand, South Korea’s top three tyre manufacturers: Hankook Tire, Kumho Tire and Nexen Tire, have reported mixed financial performances in the third quarter. While Hankook and Kumho managed to post strong profits, Nexen struggled amid…
Tag: Kumho Tire
Synthos/Kumho Tire partner on biobutadiene tyre materials
Polish producer of synthetic rubber Synthos has announced an Memorandum of Understanding (MOU) with South Korean tyre maker Kumho Tire for the joint development of sustainable tyre raw materials. Under the MOU, the two companies will conduct a joint R&D…
Maersk ties up with Kumho Tire for multi-year logistics solutions
Logistics firm A.P. Moller – Maersk (Maersk) has signed a memorandum of understanding (MOU) with South Korean Kumho Tire. The partnership seeks to combine Maersk’s expertise in global transport and logistics with Kumho Tire’s strong foothold in the automotive sector.…
Kumho Chairman making a bid for control in company
After last month’s news that China’s Doublestar would by the likely buyer of Kumho Tire https://rubberjournalasia.com/kumho-likely-to-be-sold-to-chinas-doublestar/, it now appears that Kumho Asiana Group Chairman Park Sam-Koo has raised nearly US$870 million to buy back a controlling stake in the group’s…
Apollo Tyres makes non-binding bid for Kumho Tire, plans to expand in US
A non-binding bid for South Korean tyre company Kumho Tire has been made by one of India’s largest tyre manufacturers, Apollo Tyres, according to its Managing Director, Neeraj Kanwar. However, Apollo Tyres still doesn’t know the specifics of the process…