Hankook Tire reaches sales of $1 billion in the U.S. in FY 2011 image

Hankook Tire, the seventh-largest tire company in the world, announced today that it has reached $1 billion in U.S. sales in FY 2011 as of December 13.

For the first time in the company’s 30-year history in the U.S., Hankook reached the $1 billion milestone. “Our continued strong growth in the U.S. market is driven by our investment in R&D, industry leading product lines and technology, and the support of our dedicated customers. To reach the $1 billion sales mark for the first time in our history is a testament to our collective efforts in all facets of our business, from product development to sales and marketing,” said Soo Il Lee, president of Hankook Tire America Corporation.

„What makes this achievement still more special is that 2011 marks Hankook Tire’s 30th anniversary in the United States. We continue to see many opportunities to build on this success and look forward to achieving even greater results in 2012,” the executive added.

Hankook Tire also recently entered into several new original equipment fitment agreements with leading car manufacturers including BMW and Toyota. These agreements add to the number of fitments Hankook has with leading global automobile manufactures on vehicles such as the Lincoln MKT, Ford F-150 and Explorer, the Chevrolet Equinox, the GMC Terrain, the Volkswagen Passat, the Hyundai Sonata, the Kia Optima and more.