Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County, the Hungarian Invesment Promotion Agency reports. According to MTI, the government is providing taxpayers' money for the project, the amount of which will be disclosed only after the European Commission's approval. Currently operating in over 160 countries, […]

Tire manufacturer Hankook's third-quarter revenue and operating profit increased by 1.8% and 106%, respectively, compared to the same period last year, according to a company statement sent to MTI on Wednesday. Hankook supplies tires to about 40 global car brands worldwide through about 250 original equipment supply chains, including Audi, BMW, Mercedes-Benz, Porsche and Tesla. […]

Not less than three new large-scale R&D projects have been announced by Continental to further strengthen its Hungarian operation. The investments worth EUR 47.6 million promises to create 280 new jobs in total thru 2024, and they are aimed at developing solutions in the realm of autonomous driving and automotive safety. Continental Group is present […]

Premium tire manufacturer Hankook has published its ESG (Environmental Social Governance) report for 2022/23, in which the company reports on its sustainability measures and strategies for this year. As an assurance, the Science Based Targets Initiative (SBTi) has recognised Hankook's greenhouse gas reduction targets. These are expected to achieve zero emissions by 2050 based on […]