Hankook Tire, chemical maker to develop synthetic rubberHankook Tire, the nation’s largest tire manufacturer, said yesterday that it signed a memorandum of understanding with the German-based chemical company Lanxess for a technology partnership on tire compound development.
The deal was signed on Wednesday at Hankook’s research and development center in Daejeon. The companies said they will focus on developing a high-performance synthetic rubber that is used to make tires.
?Both companies said that because the global tire market is changing, with a focus on ultra high-performance tires as well as environmentally friendly products, the deal will strengthen their relationship.
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