Global leading tyre company Hankook Tire announced the company is now ranked sixth in the 2020 global leading tyre manufacturers released by the renowned British tyre magazine Tyrepress, improving from the seventh place a year ago.
The revenue is used to rank the world's top tyre firms on Tyrepress. Hankook Tire became the world's sixth largest tyre manufacturer in 2020, with global sales of KRW 6.454 trillion. This success is even more significant in view of the industry's challenging year, which was exacerbated by the COVID-19 pandemic's obstacles.
Furthermore, Hankook Tire's operating profit increased by 15.5 percent year over year in 2020, demonstrating the company's qualitative growth. Hankook's high-inch tyre (18 inches and higher) sales climbed 3% year over year to account for 35% of total passenger car tyre sales, solidifying the company's leadership position in the industry.
In addition to Hankook being ranked by Tyrepress globally, the company gained remarkable recognition for its technical excellence in 2020. Hankook received top ratings in several tyre tests from the most rigorous institutions in Germany and the United Kingdom and was ranked as the best-selling brand across three categories from all-season to summer and winter tyres in the European e-commerce platform, Tyre24, where the result was based on consumer preference survey.
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Hankook continues to strengthen its position as a premium brand by expanding its partnerships with premium car manufacturers, including OE supply to Porsche's first high-performance electric sports car, the Porsche Taycan, as well as OE supply to Audi's Q product line's top model, the Audi RS Q8, and Audi's RS line, which includes the Audi RS7 Sportback and Audi RS6 Avant.
About Hankook Tyre:
Hankook Tire is actively embracing the global stage. With constant technological development and commitment to innovation, it is taking a leap to become a leading global tyre company that provides sustainable solutions to deliver ultimate driving satisfaction to all customers.
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Also Read: Hankook Supplies Tyres For HMG Driving Experience Program
