ADVERTISEMENT

Hankook Hungary plant to be certified as direct supplier

Pharma

Korea's Hankook Tire expects its new plant in Hungary to acquire an ISO certificate allowing it to become a direct supplier to car makers by the end of the year.

When the plant gets the certificate, it will start supplying the Kia plant in Slovakia and the Hyundai plant in the Czech Republic, CEO Seung Hwa Suh said in Thursday's issue of Hungarian daily Népszabadság.

A project that will double capacity of the Hungarian plant from the current 5 million tires a year will finish in 2010, and the plant will start deliveries to Ford, Renault and Volkswagen too, he added.

Seung Hwa Suh announced in Seoul earlier that Hankook will start supplying tires for some Audi models, starting with deliveries to Audi's plant in China. The order is the company's first for premium vehicles.

Chang Won Park, Hankook Tire's deputy-chairman in charge of deliveries, said the agreement to supply Audi does not include its TT models, which are assembled in Hungary.

Hankook tires are sold mainly in South Korea and in Germany. (MTI – Econews)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.