ERJ staff report (DS)
Seoul, Korea -- Hankook Tire has recovered strongly after a poor first quarter a year ago. Operating profits for the first three months of 2010 were posted as KRW 212 billion (euro 133.9 million) on sales up by 17.6 percent, at KRW 1334 billion (euro 842.1 million).
Once again, Hankook said its sales of ultra high performance tyres (UHPT) grew strongly. The company said sales of these products jumped by 81 percent over the same period a year ago, with growth strongest in developing regions of CIS, Latin America, China and Korea, where sales of these products more than doubled. The company said sales of UHPT increased by 651 percent in Europe in the period.
Hankook Tire aims to generate sales of KRW 5 trillion (euro 3380 million) for this year. This year, the company will focus on strengthening its brand value, increasing customer satisfaction based on superior quality and service, and expanding its OE tyre supply to premium automakers.
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Press release from Hankook