Keyword/Image Search
AI Navigator
login
Customized aggregation
Company Info
Our Services
Service Fees
Register New Users
Help & Guide
Kumho Tire Co., Inc. Business Report FY ended Dec. 2018
Financial Overview (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2018 | FY ended Dec. 31, 2017 | Rate of Change (%) |
|
| Sales | 2,558,681 | 2,876,420 | (11.04) |
| Operating income | (78,852) | (157,160) | 49.82 |
| Net income | (182,696) | (111,842) | (63.35) |
Change in Top Shareholders
-Kumho Tire Co., Ltd. held an extraordinary general shareholders' meeting on July 6, 2017, and appointed Mr. Chai Yongsen, Chairman and Mr. Zhang Junhua, Chief Financial Operator (CFO) of the Qingdao Doublestar Group to inside directors of the Korean company. On the same day, Qingdao Doublestar invested Chinese yuan (CNY) 3.9 billion or Korean won (KRW) 646.3 billion to acquire a 45% stake in the tire manufacturer and become the top shareholder. As a result, the investment ratio of the investors' group of Korea Development Bank and other companies went down by 23.1%. (From some releases on July 7, 2018)
R&D Structure
| Facility | Location | Overview |
| Central R&D Center | Yong-in, Gyeonggi-do, Korea |
-Year established : 2013 -Main R&D center |
| Kumho Tire America Technical Center (K.A.T.C) | Ohio USA |
-Year established : 2006 -Developing tires for the North American OEM market and the aftermarket |
| Kumho Tire Europe Technical Center (K.E.T.C) | Frankfurt, Germany |
-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 (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2018 | FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | |
| Amount | 79,736 | 93,674 | 93,701 |
| % of sales | 3.12% | 3.26% | 3.18% |
Capital Investment |
(in millions of won) |
| Division | Planned amount of investment for 2018 | Amount invested in 2018 | Planned amount of investment for 2019 | Purpose of investment |
| Tires (construction / industrial equipment) | 171,711 | 106,772 | 111,998 | Quality enhancement |
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India