Kumho Tire

Hyundai Movex signed a 72 billion won ($51.6 million) contract with Kumho Tire to supply a smart logistics automation system for Kumho Tire's new plant in Hampyeong, South Korea. The system will be delivered by October 2028.

Kumho Tire announced it has selected Opole Province, Poland, as the site for its new European tire plant. The first phase will have an annual capacity of 6 million tires, with total investment of $587 million, and operations are scheduled to begin in August 2028.

Kumho Tire will invest $21.8 million to add 20,500 square feet and an automated production unit to its Macon, Georgia plant, increasing capacity by 500,000 tires per year. Groundbreaking is expected in May 2021.