UHP tires drive Hankook to 23% profit

Seoul – Hankook Tire has posted a 23% rise in operating profit for the third quarter at KRW297.1 billion (€236.2 billion) on global sales of KRW 1.657 trillion, the South Korean tire-maker announced 4 Nov.

While markets generally remained flat, sales of UHP and “OE premium” tires bolstered Hankook’s financial results, especially in Europe and China markets.

The replacement market was stable for the three months to the end of September, the tire maker added.

“Revenue from UHP tire sales resulted in a consistently upward trend, accounting for…

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