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Hungarian Parliamentary delegation visits Hankook Tire’s Geumsan Plant
Hungarian Parliamentary delegation visits
Hankook Tire’s Geumsan Plant
- Hungarian Parliamentary delegation led by National Assembly Speaker visits the Geumsan Plant on August 26th to seek future cooperative measures
- Tours UHP tire facility, tire test track, and eco-friendly production facility
- Meets 20 Hungarian trainees and praise their efforts
- “Hungarian government will provide utmost support for Hankook Tire’s pursuit of growing into world’s top 5 tire maker”
August 27, 2006, Seoul Korea - Hankook Tire (www.hankooktire.com, CEO: Cho Choong Hwan) announced on August 27th that Hungary’s Parliamentary delegation visited its Geumsan Plant and discussed measures for future cooperation.
The ten-member delegation led by Speaker of the Assembly Katalin Szili and including Socialist Party member Tibor Kovacs and Deputy Minister of Economy and Transportation Abel Garamhegyi made the visit on the 26th.
The event took place at the invitation of Korea’s Speaker of the National Assembly. The delegation visited leading Korean companies operating in Hungary, namely Hankook Tire and Samsung SDI.
During the tour of the plant, Hankook Tire showed its UHP (Ultra High Performance) tire facility, tire test track and eco-friendly production facility to the delegation. Explanations were also provided on the company’s technological capabilities, overseas presence and the background of its entry into Hungary. The delegation also met with 20 Hungarian trainees mastering the art of making tires at Geumsan Plant and praised their efforts.
In the evening, the visitors were invited to a dinner with Hankook Tire’s top management including CEO Cho Choong Hwan, Executive Vice President Jin Seung Do, who heads the Korea Sales Division, and Executive Vice President Cho Hyun Shik, who heads the Marketing Division. The dinner served as an opportunity to seek ways to cooperate in the future. .
On the day, Ms. Katalin Szili, Speaker of the Hungarian Parliament said, “We appreciate your decision for massive investment in Hungary. The government will do our best to assist Hankook Tire in its quest to become the world’s top 5 tire maker.”
On July 14th, Hankook Tire held the ground breaking ceremony at a site in the Dunaujvaros region, near the Hungarian capital of Budapest, and initiated the construction of its fifth factory. The plant is expected to function as Hankook Tire’s European outpost.
Hankook Tire is reinforcing its strategy to expand its presence in Europe to develop into a major brand. The company signed a series of supply contracts with European auto makers and has been taking an active part in tire performance tests carried out by Germany’s leading auto magazines.
Hankook Tire currently operates two domestic production bases in Geumsan and Daejeon and two in China’s Jiaxing City, Zhejiang Province, and Huaian City, Jiangsu Province. The Hungarian plant will be the company’s first production base in Europe.