Hankook invests 290 million in expanding its plant in Hungary

MADRID, 26 (EUROPA PRESS) Hankook will allocate 290 million euros to the large-scale expansion of its plant in Rácalmás (Hungary), with the aim of satisfying the demand for truck tires in the European market. According to Hankook in Spain, the construction of the new unit, which will employ 150 people and have a production capacity of 550,000 tires for trucks and buses per year, will start during the first half of this year. Since the first stone was laid in July 2006, the Hungarian Hankook plant has been continuously expanded and updated over the years. After the latest advances, the production capacity of the installation has reached more than 55,000 tires per day, equivalent to an annual manufacturing volume of up to 19 million tires per year. "We have noticed a strong increase in the demand for our truck and bus tires within the European market, and we hope to meet the growing demands of our customers soon with the help of our new Hungarian truck and bus tire unit," the president explained. of the company in Europe, Jun Kim.