SEOUL, South Korea—Hankook Tire Co. Ltd. hopes to ride rising exports to a 10-percent or better increase in sales this year.
With first-half exports of $360 million and second-half exports traditionally higher, Hankook expects exports for the full year to top $800 million out of total sales of $1.28 billion, a company spokesman said.
In the first half, shipments to original equipment customers in North and South America shot up 150 percent over 1999 levels to $8.2 million. Exports to the European Union more than tripled to about 1 million tires.
In Asia, Hankook invested $212 million in China last year, emerging as the third-largest tire maker there, with annual capacity of 4.25 million tires.