Hankook Tire Magyarorszag sees share of direct deliveries climb in 2012
Korean-owned Hankook Tire Magyarorszag expects the share of direct deliveries to carmakers to grow in 2012, the company told MTI.
Direct deliveries to the European plants of Volkswagen, Hyundai and KIA make up a significant part of output, the company said without revealing any exact figures.
Hankook Tire Magyarorszag recently completed a €230m expansion at its plant in Racalmas, south of Budapest, Econews reported earlier. The plant can now turn out an annual 12m tires. Output this year is expected to reach 9m, up from 6m in 2010. Next year, output is seen reaching 12m.
Hankook has so far invested €550m in Hungary. Production at its plant started in 2007.
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.