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Kumho Tire Co., Inc. Business Report FY ended Dec. 2012
Business Highlights
Highlights in FY2012
Financial Overview (Consolidated) |
(in millions of won) |
| FY2012 (ended Dec. 2012) |
FY2011 | Rate of Change |
Remarks | |
| Sales | 4,070,643 | 3,915,875 | 4.0% | - |
| Operating income | 375,346 | 193,653 | 93.8% | - |
| Net income | 130,586 | (26,854) | - | - |
Contracts
-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
R&D Structure
| Facility | Location | Overview |
| Kumho R&D Center (K.R.D.C) | Gwangju Korea |
-Year established : 1981 -Developing tires for the domestic and global market |
| Kumho Tire America Technical Center (K.A.T.C) | Ohio USA |
-Year established : 1990 -Developing tires for the North American OEM market and the aftermarket |
| Kumho Tire Europe Technical Center (K.E.T.C) | Birmingham U.K |
-Year established : 1997 -Developing high-performance tires for the European market |
| Kumho Tire China Technical Center (K.C.T.C) | Tianjin China |
-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.
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