South Korean tire company confirmed that South Korea will be the building of a passenger tire plant in December 2009 is expected to reach a new factory capacity.
The company spokesman said that Hankook Tire Company in Geumsan existing plant to increase investment to expand production capacity of ultra-high-performance tires in order to meet the growing global market demand and maintain their consistent high quality standard.
235,100,000,000 won investment in the project, equivalent to 246,000,000 U.S. dollars (188,000,000 euros); set up in South Korea's Hankook Geumsan factories idle space, an area of 17,860 square meters; products for ultra-high-performance tires; period is about 3 years From February 2007 beginning in December 2009 to complete the project; after the completion of the project, Geumsan plant will be a fully automated plant, the Korean tire of all the high-end products from the factory. The planned investment is Geumsan plant Long-term development strategy, to a large extent and can benefit from existing facilities.
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