Hankook gives details of Hungary investment

Seoul, Korea — Hankook Tire has said its first European car and light truck tyre factory will be built at Dunaujvaros, Hungary. The plant is due on stream in 2007, reaching total production capacity of 10 million units/year by 2010. The investment will be around Euro 500 million, said the company in a news release.

The company said its chief executive, Cho Choong-hwan made a final decision on the 31st of October 2005 to select Dunaujvaros as the site to build its new plant to step…

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