Hankook less exposed than Nexen in latest U.S. tariff case June 3, 2020 The U.S. International Trade Commission received two petitions to investigate dumping / subsidy allegations in imports to the U.S. in May. One focused on walk-behind lawn mowers while the other relates to car and light truck tires. The tire case covers imports from South Korea, Taiwan, Thailan... Read more →
Tire industry loses grip as COVID-19 drags, Nokian bucks the U.S. trend April 8, 2020 The global tire industry is starting to feel the drag from a coronavirus-driven downturn in automotive industry activity. Nokian Tyres has removed its earnings guidance while Pirelli has started a cost cutting program. The global tire industry, led by exports from China with 19.2% of the total... Read more →
Sumitomo gains as Hankook demand skids February 19, 2020 Hankook Tire reported a 22% drop in earnings and 2.7% slide in revenues year over year in 2019, citing weak demand and uncertainties about the trade war. North American revenues fell by 4.5% year over year in Q4 and come alongside a 36.3% year over year drop in U.S. seaborne shipments linked t... Read more →
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