Hankook Tire considering acquisitions in automobile industry - exec

HANKOOK & COMPANY

22/03/2016 02:43

INCHEON, South Korea, March 22 (Reuters) - South Korean tyre 
maker Hankook Tire Co  161390.KS  is looking at more 
acquisitions in the automobile industry to find new engines of 
growth, a company executive said on Tuesday.  
    Its deliberations on the matter are at a preliminary stage, 
Cho Hyun-shick, chief marketing officer of Hankook Tire, told a 
news conference.   
    In December 2014, Hankook Tire agreed to buy a stake worth 
$984 million in Halla Visteon Climate Control Corp  018880.KS  
from U.S. supplier Visteon Corp  VC.N . 
    Hankook Tire aims to increase its global market share to 10 
percent by 2020 from 8 percent currently, according to senior 
vice president Oo Byung-Il. 
 
 (Reporting by Hyunjoo Jin; Editing by Edwina Gibbs) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: HANKOOK TIRE M&A/