Hankook Tire has announced that it plans to produce 10 million tyres annually in Hungary, doubling its output in Europe over the next two years.
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The company will invest EUR230m in the Dunaujvaros plant and employ a further 700 workers, taking the total workforce to over 1,900.
The project will include adding capacity for run-flat tyres and will allow the plant to accommodate new European Union labelling requirements, which must be put in place by 2012.
