Hankook Tire Rolls Its 25 Millionth Tyre Off the Production Line in Hungary

Following the successful completion of the 2nd production unit of its European plant in Hungary, Hankook Tire announced that the 25 millionth tyre rolled off the production line in November 2011.

The South-Korean company invested €550 million to build its state-of-the art European production site in Hungary, which recently reached its full capacity and now produces up to 12 million tyres per year in addition to providing employment to 2,000 people.

Since the initial opening of the plant in 2007, the capacity has been growing steadily and dynamically: While 6 million tyres were produced in 2010; this year’s total production is expected to exceed 9 million tyres, going up to 12 million tyres as of 2012.

In the plant tyres for passenger cars, SUVs and light trucks in over 500 different specifications are currently being produced.