Hankook Tire Reports 2017 First Quarter Results

Autosphere » Tires » Hankook Tire Reports 2017 First Quarter Results

Company attributes strong growth to the Ultra-High Performance Tire market.

Hankook Tire has released its financial results for the first quarter of 2017, announcing sales totalling $1.95 billion CAD and an operating profit of $2.74 billion. The figures are based on global consolidated business results.

Hankook Tire’s strong first quarter growth is largely attributable to the sales performance of the Ultra-High Performance Tire (UHPT) and an overall sales increase in numerous regions.

UHPT sales grew 1.4% compared to last year accounting for 36.6% of the company’s total first quarter sales.

Hankook Tire plans to expand sales of the UHPT as well as tires 17-inches or larger to support an expected increase in demand.

Categories : Tires

Popular Posts



10mayAll Day27sepAAPEX: A 12-Part Webinar training seriesFocuses on European Vehicle Diagnostics, Communicating With Customers

05junAll Day09Mastering the Art of Diagnostics 5 Day Hands On Training ProgramAuto Aide Technical Services

06jun4:00 pm5:00 pmFree Service Technician Webinar from ASE: Introduction to ASE xEV High-Voltage Electrical Safety Standards and Tests

08junAll Day09CCIF Moncton 2023