Kumho Tire signs deal with Pakistani car battery firm

Home > Business > Industry

print dictionary print

Kumho Tire signs deal with Pakistani car battery firm

Kumho Tire, Korea’s second-largest tiremaker by sales, said on Thursday that it has signed a 10-year technology transfer agreement with a Pakistani car battery maker.

In the deal, which will run through September 2028, Kumho Tire will transfer technologies required to manufacture 28 tire products for passenger and commercial vehicles to Century Engineering Industries, the company said in a statement.

Kumho Tire will initially receive $5 million from Century Engineering for the basic tire manufacturing technology transfer and 2.5 percent of the Pakistani firm’s annual sales for 10 years, the statement said.


More in Industry

Buffet restaurants adapt to pandemic by nixing the buffets

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now