8.6 million Euros Hankook Tire Expands European Tire Factory

According to foreign reports, Hankook Tire has recently begun expansion of its tire plant in Hungary. The expansion project costs 8.6 million euros and is expected to be completed in the second half of 2013.

Sang Il Lee, vice president and general manager of Hankook Tyre Europe Plant, said: “In the autumn of 2011, Hankook Tire successfully completed the construction of the second phase of the European plant and achieved the planned production capacity. This expansion will further increase the production efficiency of the plant. Staff training has also begun."

Hankook's European plant currently employs 2,200 people and can produce 34,000 tires per day, including hundreds of different specifications of sedans, SUVs and light truck tires, mainly sold in the European market.

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