- Business
- Kumho Tire Co., Inc. (Ticker: 073240.KS) manufactures and distributes a broad range of tires for passenger cars, light trucks, trucks and buses, radial tires for aviation, off-road tires, racing tires, and industrial rubber products; it offers tire-related services including retreading and maintenance. The company operates through segments such as tire sales, advanced tire technology development, and rubber material production, targeting original equipment manufacturers (OEMs), aftermarket consumers, and commercial fleets in automotive, aviation, mining, and construction sectors. Kumho Tire maintains global manufacturing facilities and sales networks across North America, Europe, Asia, and other regions, with headquarters in Seoul, South Korea, where it was founded in 1963.[web:previous]
In recent developments, Kumho Tire expanded its U.S. presence through the 2024 opening of a new $580 million manufacturing plant in Macon, Georgia, enhancing production capacity for passenger car and light truck tires to serve North American markets. The company formed strategic partnerships, including a 2025 supply agreement with major electric vehicle (EV) producers for specialized low-rolling-resistance tires, and launched the advanced Ecsta PSX line for high-performance summer tires in 2024. Additionally, Kumho Tire completed a funding round backed by its parent Kumho Petro Chemical and invested in sustainable tire technologies, such as bio-based compounds, amid a corporate reorganization to focus on premium and eco-friendly product segments.[web:previous]