Unformatted text preview: The combined investment of EUR550 million is a 10% increase from the EUR500 million the company had originally planned. Hankook Tire is targeting 6.1% of the European tire market in 2011, up from the current market share of 5.8%, said the chief executive. Hankook Tire expects recovering demand to help the company achieve its sales target of KRW2.695 trillion for operations in South Korea this year. In the January-June period, it reported a 13% on-year rise in sales to KRW1.291 trillion on the back of robust sales at its Chinese and Hungarian operations.-By Kyong-Ae Choi, Dow Jones Newswires; 822-2198-2236; [email protected] [ 08-09-09 0650GMT ] Document DJI0000020090908e5980008k © 2010 Factiva, Inc. All rights reserved. Factiva http://global.factiva.com.lp.hscl.uﬂ.edu/hp/printsavews.aspx?pp. .. 1 of 1 3/14/10 4:40 PM...
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- Fall '08