Although the market demand in the global tire industry continues to fluctuate in the second quarter, but the stability of Hankook Tire sales growth. Noted. Hankook Tire managed to record consolidated quarterly revenues of KRW 1.87 trillion (U.S. $ 1.66 billion), and a quarterly operating profit of KRW 271.3 billion (U.S. $ 241.8 million) that marks a healthy operating profit to sales ratio of 14.5%.
stable company is also evident from the success of Hankook Tire sales increase Year on Year (YoY) of 1.4%. While operating profit has increased year on year success of 11.3% which indicates that the company is in a healthy condition.
Sales growth was driven by sales of tires Ultra-High Performance (UHP) Hankook Tire in China and North America. In both countries, UHP tires have risen by 32% and 15% from the previous quarter.
“We are proud of the achievements in the second quarter of 2013 that showed solidarity in all aspects of Hankook Tire. This result also as a manifestation of our understanding of the foundations of solid growth in the future based on a balanced portfolio of global production and R & D capabilities are qualified, “said Seung Hwa Suh, Vice Chairman & CEO of Hankook Tire
For the second half of this year, Hankook Tire expects to sharpen their ability to compete through global supply network flexibility, which is achieved through operational stability optimistic obtained through a new production facility in Chongqing, China and Cikarang, Indonesia.
Text / Photo: Adi-Doc-Bosmobil
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