Kumho puts US plant on hold for one year

By Sigmund J. Mikolajczyk, Tire Business staff

Punta Cana, Dominican Republic — As executive after executive of Kumho Tire USA Inc. stood before dealers to pledge that “2009 would be a year of hope,” there was one blip on the supply-side radar screen that cast a shadow on their guarded optimism.

Plans for the tyre maker´s factory in Macon, Georgia, have been pushed back about a year due, in large part, to the continuing struggling global economy.

Dealers attending the company´s annual meeting, held at a Dominican Republic…

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