Hankook Moves Forward With Indonesia Plant

Hankook Tire recently shared its future vision for a collaborative partnership and mutual growth with Indonesia at a welcoming ceremony held by the Indonesia Investment Coordinating Board in Jakarta.
Hankook announced its investment plan to build a new manufacturing plant in Bekasi, Indonesia, in December 2010. The company says the large-scale global production center will enable it to become the world’s fifth largest tire company, achieving an annual output of 100 million units by 2014.
“Hankook Tire is excited to build a new growth engine in Indonesia which would strengthen the company’s top position in the global market by responding to the customer needs in quality and productivity,” said Hyun Bum Cho, executive vice president of Hankook Tire. “By establishing a large-scale production base, we would also contribute to Indonesia’s social and economic growth as we had achieved through our existing partnerships with China and Hungary.”
“We are positive that the new plant and the government support that has been displayed by the Ministry of Industry thus far would help Hankook Tire reach its goals for sustainable growth,” said Gita Wirjawan, chairman of the Indonesia Investment Coordinating Board.
(Modern Tire Dealer, January 27, 2011)