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Title 5/15/2008 - Hankook Tire Receives Global Supplier Award from Ford
Date 05/16/2008 Count 8851

Hankook Tire Receives Global Supplier Award from Ford

Only tire supplier to be honored at World Excellence Awards

WAYNE, NEW JERSEY, May 15, 2008 - Ford Motor Company recently recognized Hankook Tire as one of its outstanding global suppliers contributing to high quality vehicles produced at affordable prices for consumers.

The only tire supplier honored at the 10th anniversary of its World Excellence Awards, Ford recognized 47 global suppliers for an outstanding effort. This marks the first time Hankook Tire has received the award from Ford.

Greg Pae, president of Hankook Tire America Corp., discussed the importance of this award and Ford’s commitment to quality. “We have a great relationship with Ford and this announcement illustrates that they realize how committed we are to providing them with the best tires in the industry. Ford’s latest result for high quality products is terrific news, and we’re happy to be a part of it.”

While Hankook Tire has a strong presence in the replacement market, expanding the company’s original equipment presence is a high priority. “As we continue to grow, the original equipment industry is an area where we want to play a strong role,” said Pae. “Working with manufacturers, such as Ford, allows us to reach new customers, who can experience our products that are specifically tailored for each vehicle.”

Hankook Tire is proud to be recognized by Ford as an original equipment supplier. By working closely with Ford to carefully engineer tires that properly fit their vehicles, customers are able to experience the ideal performance that Ford drivers have come to expect. In North America, Hankook Tire supplies tires for Ford’s Focus, Edge, E-250, E-350 and the upcoming Flex. In addition, Ford fits Hankook Tires on the Ford F-150.

“This marks the 10th year we have honored world-class suppliers for extraordinary contributions that directly impact Ford’s ability to deliver high quality vehicles and customer satisfaction,” said Tony Brown, group vice president, Global Purchasing.

“This commitment to excellence is coming through in the latest quality data, which show Ford’s initial quality in North America is now equal to the best in the industry. These successes belong not just to Ford ? but our suppliers as well.”

In addition to Ford, Hankook Tire has global fitments with General Motors, Hyundai, Kia, Volkswagen, Audi, International Truck and Chrysler.

Hankook Tire remains the fastest growing tire manufacturer in the world, posting global sales of $3.4 billion USD in 2007. Sales in North American topped $751 million in 2007 for an increase of more than 9.5 percent over 2006. Last year, Hankook Tire ranked as the world’s seventh largest tire manufacturer and as the sixth largest tire manufacturer in North America, according to Modern Tire Dealer.

About Hankook Tire America Corp.
Headquartered in Wayne, N.J., Hankook Tire America Corp. is a technology-focused, market-driven company that markets and distributes a complete line of high performance and ultra-high performance passenger tires, light truck, SUV tires, as well as medium truck and bus tires to more than 400 independent dealers through 3000+ retail sales locations in the United States and Canada.

For more information, please visit the Hankook website at www.hankooktireusa.com.

Media Contacts:
Bill Bainbridge Cindy Kamerad Melissa Vander Laan
Director Brand Communication Account Director Senior Account Executive
Hankook Tire America Corp Weber Shandwick Weber Shandwick
Phone: 973-633-9000 x 531 Phone: 248-203-8112 Phone: 248-203-8154

wbainbridge@hankooktireusa.com

ckamerad@webershandwick.com

mvanderlaan@webershandwick.com

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