Hankook has completed its second Rácalmás plant
production unit in Hungary.
Construction on the expansion started in September
2009. As planned. the factory has extended its
capacity, now producing about 12 million tires per
year and employing 1,900 people.
“In line with the dynamically growing demand for
Hankook tires in the European market,” the company
invested an additional 230 million Euro to build a
second production unit in Rácalmás – the total
investments in Hungary now amounts to 550 million
Euros. The new unit has doubled the factories’
production volume and allows for the additional
daily output of up to 17,000 tires, bringing the
total production to some 34,000 tires per
day.
Since the initial opening of the plant in 2007,
more than 22.5 million tires have been produced.
While 6 million tires were produced in 2010, this
year’s total production is expected to reach 9
million tires, going up to 12 million tires in
2012.
The Rácalmás plant currently produces tires for
passenger cars, SUVs and light trucks in more than
500 different specifications.
“We are pleased to announce we have successfully
completed the second phase of expansion in Hungary
as planned and are now operating one of the most
modern tire production facilities worldwide,” says
Seung Hwa Suh, vice chairman and CEO.
“Apart from state-of-the-art technologies, our
success depends on every one of our employees and
business partners and we would like to thank them
for their commitment and contributions,” he
notes.
“As a key investor and an important market player
in the European automotive industry, Hankook is
committed to continue its efforts to pursue dynamic
growth and further developments to meet the growing
demand for high quality tires in various places
around the world including Europe,” says
Suh.
For more information, visit www.hankooktireusa.com.
