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May 21, 2008

SOUTH KOREA: Kumho starts building new R&D centre

Kumho Tyres has begun construction of its new R&D Centre in Young-In, South Korea. The 70bn won(GBP35m), 34,842sq m facility is scheduled for completion by the end of 2009.

Kumho Tyres has begun construction of its new R&D Centre in Young-In, South Korea. The 70bn won(GBP35m), 34,842sq m facility is scheduled for completion by the end of 2009.

“This… facility will strengthen our global R&D network, propelling us toward our goal of becoming one of the world’s top five tyre manufacturers,” said Kumho Tyres president Sae-chul Oh. “The [centre] will help us attract top performing scientists and engineers, who will develop creative products to fit our customers’ needs.”

The centre, about an hour’s drive from Seoul, will serve as a hub to coordinate the activities of Kumho’s existing research centres in the UK, USA, China and Korea. It will feature the latest equipment and world-class facilities for testing and analysing tyre noise and vibration, in addition to the all important laboratories.

The building will be certified as ‘green’ – the designation given to Korean facilities built within strict guidelines regarding environmental impact, energy usage, nature conservation and carbon footprint.

As part of its overall strategy to bolster R&D, Kumho will double its number of research employees to 1200 by 2015. This will help the company focus on developing eco-friendly technologies and products not offered by other manufacturers.

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