SEOUL, South Korea (May 28, 2004) — Hankook Tire Co. Ltd. will supply its V-rated Ventus K105 ultra-high performance tire to Ford Motor Co. for the Ford Mondeo mid-size sedan in Europe.
The three-year contract calls for about 140,000 tires a year to be outfitted on the vehicle in Europe, Hankook said. The value of the contract is worth more than $24 million over three years.
With the addition of this contract, Hankook said it will supply 2.17 million tires, valued at about $40 million, this year to Ford worldwide.
The Mondeo, manufactured in Belgium, also has fitments by Pirelli, Michelin, Continental, Goodyear and Bridgestone. Ford sells more than 200,000 units a year.