Kumho Tire Co., Inc. Business Report FY ended Dec. 2012

Business Highlights

Highlights in FY2012

Financial Overview (Consolidated)

(in millions of won)
Dec. 2012)
FY2011 Rate of
Sales 4,070,643 3,915,875 4.0% -
Operating income 375,346 193,653 93.8% -
Net income 130,586 (26,854) - -


-The Company will supply its Solus KH25 tires to the Dodge Dart, Chrysler's new compact sedan. The tires come in two sizes, 225/45R17 and 205/55R16. The Company's tires are currently being mounted on other Chrysler vehicles, namely the Sebring, Dodge Journey, Grand Cherokee, and Town&Country. (From a June 12, 2012 press release)


R&D Structure

Facility Location Overview
Kumho R&D Center (K.R.D.C) Gwangju
-Year established : 1981
-Developing tires for the domestic and global market
Kumho Tire America Technical Center (K.A.T.C) Ohio
-Year established : 1990
-Developing tires for the North American OEM market and the aftermarket
Kumho Tire Europe Technical Center (K.E.T.C) Birmingham
-Year established : 1997
-Developing high-performance tires for the European market
Kumho Tire China Technical Center (K.C.T.C) Tianjin
-Year established : 2006
-Developing high-performance tires for the Chinese and European markets

R&D Expenditure (Non-consolidated)

(in millions of won)
FY2012 FY2011 FY2010
Amount 80,555 68,953 50,049
% of sales 2.0% 1.8% 1.9%

Investment Activities

Capital Expenditure

-During 2012, the Company invested a total of 113,173 million won in its three plants in Korea.
-Between 2012 and 2014, the Company plans to invest 90,825 million won in plants and equipment, mainly for increasing production capacity at its Vietnam plant.