Hankook upbeat after robust business performance

Seoul, Korea/Neu-Isenburg, Germany – Hankook Tire has shrugged off the effects of a sluggish global economy to post a 3.3-percent rise in consolidated sales to KRW 1.72 trillion (€1.25bn) – helped by increased demand for its UHP tire along with an expansion of the company’s OE portfolio.

Operating profit of KRW276 billion, meanwhile, was 9.9 percent above to prior-year level. This reflected increased global demand of Hankook premium tires, the company reported 29 Oct

Over the past three quarters of 2014, sales of UHP tires accounted for…

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