Hankook to Further Expand Its Hungarian Production Base

The company will install additional compound mixing capacities, thus significantly increasing the factory’s effectiveness. The investment enables the installation of a new compound mixing unit and related buildings to strengthening production processes especially in the 1st step of tyre manufacturing. The ground breaking already started October 1st, 2012 and, according to preliminary plans, installations will be completed in the second half of 2013.

The extension will be realized in the framework of the Economic Development Operational Program of the Hungarian Government supported by the European Regional Development Fund (ERDF), allowing further technological developments resulting in the creation of additional jobs.

In the fall of 2011, Hankook Tire successfully completed the second development phase of our European plant thus reaching its designated capacity. Installing additional mixing capacities will enable the company to significantly increase its effectiveness.

Hankook’s European factory currently employs 2,200 people and produces tyres for passenger cars, SUVs and light trucks in many hundreds of different specifications. The plant currently manufactures 34,000 tyres per day with an ever increasing proportion of ultra-high performance tyres (commonly also named wide-base tyres) as well as tyres supplied as original equipment (OE) to leading European automobile manufacturers. The vast majority of Hankook’s EU-made tyres are designated to satisfy the company’s growing demand in various European markets.