Hankook Tire will suspend production at its Rácalmás plant on Monday – announced Hankook Tire Hungary Ltd. to MTI on Tuesday.
According to their information, the stoppage between March 30 and April 7 is due to the European and Hungarian crown virus situation and the closure of most European car factories.
The announcement quoted Sanghon Lee, president of Hankook Tire Europe, who stressed that the health and safety of their employees was paramount and that they were doing everything necessary to protect their health at this time.
Hankook said that, in keeping with government measures and regulations, the company has already taken a number of precautions to prevent the virus from spreading to its employees by providing protective equipment and continuous disinfection.
The company constantly monitors the international and domestic situation and, depending on the developments, may take further measures to protect its employees.
Hankook has built its European plant in Rácalmás, near Dunaújváros, for a total of EUR 885 million. The factory began operations in June 2007 with a current annual production capacity of 19 million tires.
The company currently employs more than 3,300 people in Hungary and manufactures tires for passenger cars, SUVs and light commercial vehicles. Hankook is the 7th largest tire manufacturer in the world, selling its products in 180 countries and employing 22,000 people worldwide.
Hankook Tire Magyarország Kft. Realized a net profit of HUF 50 billion in 2018, with net sales of about HUF 215 billion.