Hankook announces record sales and profit for 12 months

ERJ staff report (DS)

Seoul -- Hankook Tire revealed record consolidated earnings for the fiscal year 2009, with global sales of KRW 4.8 trillion (Euro 2966 million), up by 18 percent and an operating profit of KRW 549.3 billion (Euro 339 million), over five times the figure from a year ago.

Maintaining its position as a market leader in China, Hankook Tire saw a 54% increase in local sales to car makers due to tsignificant expansion of the Chinese automobile market. In addition, Hankook Tire's strong presence in the Korean replacement market resulted in substantial growth. Also, total sales for the Middle East increased by 25%, through the company's emphasis on driving further expansion in emerging markets. Hankook Tire's Made-in-Europe products, having stable production and improved productivity, appealed to the European customers.

Hankook Tire is aggressively targeting for global sales of KRW 5.1 trillion for the first time this year. Also, Hankook Tire aims to position itself as a caring company committed to eco-friendly products and technology as well as customer safety through ongoing R&D investment.

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