Huai'an China Investment Major Enterprises
Hankook Tire Company
Jiangsu Hankook Tire Company is a South Korea-invested enterprise established in 1996 in Huai’an by South Korea Tire Business Corporation. Its total investment was 468.226 million dollars, it occupies an area of 344500 m2, and its building area is 260000 m2. At present, it has 190.534 million dollars registered assets and 3950 employees, its major products are radial ply tires and bias tires. Its daily production capacity reaches 57600 tires, including 28100 radial ply tires, 19000 car tires, 4400 radial light truck tires, 4700 steel radial heavy duty tires and 3400 bias tires.
In 2007, sales of Hankook Tire ranked the 7th in world tire industry, the company achieved 3.89 billion yuan sales income, 96.53 million yuan profits and 125.88 million yuan taxes.