Hankook reducing production volume

ERJ staff report (TB)

Seoul, South Korea — Hankook Tire Co. Ltd. is reducing its production volume during December.

Hankook’s US subsidiary, Hankook Tire America Corp., said the capacity cutback is due to declining demand for cars in a number of markets. It will be a minor adjustment spread across some plants by adjusting operational days but will not affect employment, a US spokesman said.

The company wouldn’t quantify how many units would be affected nor would it disclose which facilities would be impacted. The spokesman said the…

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