Latest news with #Hankook
Yahoo
6 days ago
- Business
- Yahoo
Hankook Tire Commits Support to Boys & Girls Club of Middle Tennessee
$20,000 donation will support new club set to open in Clarksville, Tenn. NASHVILLE, Tenn., June 3, 2025 /PRNewswire/ -- Leading global tire manufacturer Hankook Tire has donated $20,000 to support the upcoming opening of the Boys and Girls Club of Middle Tennessee's (BGCMT) newest location in Clarksville, Tenn. At an event held on May 31, officials from Hankook Tire and BGCMT – Clarksville Club came together to officially announce the tiremaker's support of the club's initiatives as they look towards the opening of their Clarksville location. With this sponsorship, Hankook Tire will support BGCMT's plans to bring its services to the greater Clarksville area. BGCMT announced plans to open a new club in the area in June 2024, following a thorough assessment which identified a strong need for the club's presence to bring positive enrichment and activities to the city's youth. As Clarksville's population continues to grow rapidly – in part due to economic investments from companies such as Hankook – BGCMT will offer dedicated, curriculum-based programs to help Club Members achieve success in priority areas including academics, healthy lifestyles, and good character and leadership. "Clarksville is home to our North America manufacturing operation, and we are dedicated to supporting the community where so many of us live and work," said Rob Williams, President of Hankook Tire America Corp. "We have seen the great work that the Boys and Girls Club of Middle Tennessee has done in the region, and are certain that the Club's presence in Clarksville will bring important academic enrichment and community to many of our own employees' families. We are excited and honored to be able to support that mission." Hankook opened its first U.S. manufacturing plant in Clarksville in October 2017. Since then, the tiremaker has become an integral part of the Clarksville community. Its $800 million facility in Clarksville currently employs more than 1,000 employees and produces 5 million tires each year. The Tennessee Plant is currently undergoing two expansions simultaneously to expand production of both its Passenger Car and Light Truck (PCLT) and Truck and Bus Radial (TBR) lines. Upon completion of the expansion plan, the facility will achieve an expected annual production capacity of 10 million PCLT and 1 million TBR tires. This expansion will not only establish the Tennessee Plant as one of the largest in North America, but also bring additional jobs to the region and establish stronger relationships with the Clarksville community. Hankook presented the check to BGCMT – Clarksville Club during its Summer Festival community event held on May 31. The event brought together local vendors, entertainment and attractions for a family-friendly fundraiser for the Clarksville Club. In addition to the donation, Hankook served as a corporate sponsor for the Summer Festival. "We are incredibly grateful and excited to have Hankook Tire as a partner. Their generous donation demonstrates a profound belief in our mission and a commitment to the future of Clarksville's youth," said Deidre Ward, Boys & Girls Clubs of Middle Tennessee Board Member and Clarksville Committee Chair. "We have a significant need for safe, affordable, and enriching environments for the youth in our community. Hankook's investment will directly help us establish a club where every child can reach their full potential. We are thrilled to partner with a company that not only provides economic growth to our city but also deeply invests in the well-being and success of our youngest citizens." The Boys & Girls Clubs of Middle Tennessee – Clarksville Club is actively working in collaboration with the Clarksville-Montgomery County School System and anticipates operating within the local school facilities. About Hankook Tire America Tire America Corp. is a growing leader in the U.S. tire market, leveraging investments in technology, manufacturing and marketing to deliver high-quality, reliable products that are safer for consumers and the environment. Headquartered in Nashville, Tenn., Hankook Tire America Corp. markets and distributes a complete line of high-performance and ultra-high-performance passenger tires, light truck and SUV tires as well as medium truck and bus tires in the United States. Hankook Tire America Corp. is a subsidiary of Hankook Tire & Technology Co., Ltd., a Forbes Global 2000 company headquartered in Seoul, Korea. View original content to download multimedia: SOURCE Hankook Tire America Corp.
Yahoo
19-05-2025
- Automotive
- Yahoo
Hankook Tire Masters Tokyo's Complex Street Circuit at 2025 E-Prix Double-Header
GEN3 Evo iON Race Tire Showcases Unmatched Versatility Across Tokyo's Demanding Layout Stoffel Vandoorne and Oliver Rowland showcase their mastery of the Tokyo street circuit in Rounds 8 and 9, demonstrating skill and precision GEN3 Evo iON Race tire demonstrates precision handling and adaptability on Tokyo's complex street circuit Hankook's title race to be held in Shanghai from May 31 to June 1 TOKYO, May 19, 2025 /PRNewswire/ -- Set against the dazzling skyline of Tokyo's Ariake district, the 2025 Tokyo E-Prix double-header delivered two days of electrifying racing action. Hankook Tire & Technology (hereafter Hankook), a global leader in tire innovation, once again exemplified its pioneering spirit and engineering excellence through the outstanding performance of its GEN3 Evo iON Race tire during Rounds 8 and 9, Season 11 of the ABB FIA Formula E World Championship (hereafter Formula E). As the exclusive tire supplier for the all-electric racing series, Hankook continues to drive the evolution of sustainable, high-performance motorsport worldwide. Held over two consecutive days on Tokyo's uniquely complex street layout — a circuit combining regular road surfaces, high-speed straights, and tight technical corners — the races demanded nothing less than perfection. Repeated acceleration and heavy braking across unpredictable asphalt conditions placed relentless stress on every component, pushing tires to their absolute limits. Hankook's GEN3 Evo iON Race tire met these challenges head-on. Engineered for precision, endurance, and adaptability, the tire delivered unwavering grip, structural stability, and agile responsiveness even under Tokyo's intense race-day pressures. Throughout the double-header, drivers relied on Hankook's cutting-edge technology to execute daring overtakes, maintain critical pace, and manage energy without compromising performance. Stoffel Vandoorne and Oliver Rowland secured hard-fought victories on Tokyo's demanding circuit in Rounds 8 and 9, respectively, underlining the critical role that Hankook's GEN3 Evo iON Race tires played in enabling precision, consistency, and peak performance. Therefore, Oliver Rowland strengthened his position at the top of the drivers' standings with 161 points, while Nissan Formula E Team demonstrated their growing dominance in the teams' championship, propelled by the strength of the Nissan powertrain. Maximilian Günther (DS PENSKE) commented, "The demanding circuits really make you work. They throw a lot at you — quick straights, tight corners, and unpredictable grip. But the GEN3 Evo iON Race tires really hold up, even in the final laps when performance matters the most." Through this commanding performance, Hankook further solidifies leadership as a true innovator in EV racing, delivering tires that empower drivers to push boundaries and redefine what is possible on the world's most demanding circuits. The ABB FIA Formula E World Championship now heads to Shanghai, China, on May 31 and June 1, where Hankook will enhance its presence as a title race sponsor. View original content to download multimedia: SOURCE Hankook Tire & Technology Co., Ltd. Sign in to access your portfolio
Time of India
15-05-2025
- Climate
- Time of India
Tokyo E-Prix 2025: Rain to dominate entire Tokyo double header, here's complete weather forecast for Formula E Round 8 and 9 races
Image credit: Formula E/X The excitement is building ahead of the next Formula E race as Japan gets ready to host the second season of the Tokyo E-Prix. But the weather forecast shows a 100 percent chance of rainfall on both Saturday and Sunday. This is enough to concern the Formula E drivers, as—despite the much-improved Gen3 Evo cars this year running on Hankook tyres—racing in rain comes with hard-to-overcome challenges and risks. However, the rain may skip the Round 9 race Sunday evening. Here's the complete weather forecast for the Tokyo Formula E race. Weather Forecast for Tokyo E-Prix Formula E Round 8, Friday - May 16 and Saturday – May 17 According to the weather in Tokyo is expected to remain pleasant at 21 degrees Celsius on Friday, though it will be a cloudy day. There are only slight chances of rain as the Formula E drivers take part in the First Free Practice session at 4 pm (local time) and 12:30 pm IST. The temperature will remain in the range of 18–20 degrees Celsius on Saturday. However, there is a 100 percent chance of rain throughout the day. Rain in the range of 2.6 mm to 3.3 mm is expected during the Second Free Practice at 8 am (local time) and the Qualifying race at 10:20 am (local time). The rain is expected to be much lighter, at 0.9 mm, during the main Round 8 race at 3:05 pm (local time), which will be broadcast in India at 11:35 am. Formula E Round 9, Sunday – May 18 The temperature will be in the range of 19–20 degrees Celsius on Sunday, while the rain will continue to be as heavy as the day before. There is a 100 percent chance of around 3.8 mm of rain during the Third Free Practice at 8 am (local time) and the Round 9 Qualifying at 10:20 am. But the good news is that no rain is predicted for the main Round 9 race, which will start at 3:05 pm (local time) and 11:35 am IST. Formula E Drivers on racing in wet conditions Mitch Evans told that it was 'very, very tricky' to race in wet conditions with the Hankook tyres in the recent races. He said, 'In qualifying it was like, I was terrible. Nothing, you can't wake them [the tyres] up. In the race I was way more comfortable from the start, but the pace difference between me and some other guys was huge. So yeah, you can quickly be two, three seconds a lap slower.' Also Read: Tokyo E-Prix 2025: Schedule, timing and where to watch Round 8 and Round 9 Formula E races Nyck De Vries told the portal about racing in wet conditions, "If it's wet, you're not even reaching full throttle. So, it's more like surviving rather than racing in the wet. Obviously, street tracks are always challenging in the wet, and grip levels are low." Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
Yahoo
15-05-2025
- Business
- Yahoo
Exploring 3 Undiscovered Gems in Asia for Potential Growth
Amid a mixed performance in global markets, with small- and mid-cap indexes posting gains for the fifth consecutive week, investors are keeping a close eye on potential opportunities in Asia as trade discussions between the U.S. and China offer hope for tariff de-escalation. In such an environment, identifying stocks that can withstand economic uncertainties while capitalizing on regional growth trends becomes crucial for those seeking to uncover hidden gems with potential growth prospects. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Sinopower Semiconductor NA 1.45% -4.33% ★★★★★★ Shangri-La Hotel NA 15.26% 23.20% ★★★★★★ Natural Food International Holding NA 5.61% 32.98% ★★★★★★ Showbox NA 9.78% -1.28% ★★★★★★ Korea Ratings NA 0.74% 1.47% ★★★★★★ Mega Union Technology 9.42% 12.79% 52.00% ★★★★★★ Ve Wong 12.54% 0.72% 3.87% ★★★★★★ COSCO SHIPPING International (Hong Kong) NA 0.57% 18.65% ★★★★★★ Hong Leong Finance 0.07% 6.89% 6.61% ★★★★★☆ Fengyinhe Holdings 0.60% 39.37% 65.41% ★★★★☆☆ Click here to see the full list of 2652 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's uncover some gems from our specialized screener. Simply Wall St Value Rating: ★★★★★☆ Overview: Hankook & Company Co., Ltd. is engaged in the manufacturing and selling of storage batteries, with a market capitalization of ₩1.62 trillion. Operations: Hankook & Company Co., Ltd. generates revenue primarily from its Storage Battery Division, contributing ₩995.02 billion, and its Investment Business Division, which adds ₩395.98 billion. Hankook, a smaller player in the auto components industry, has shown impressive earnings growth of 87.3% over the past year, outpacing the industry's 9.9%. Despite a rise in its debt to equity ratio from 2.2% to 6.8% over five years, it remains at a satisfactory level of net debt to equity at 1.8%. The company's interest payments are well covered by EBIT with a coverage ratio of 49.2 times, indicating strong operational performance. Recently reported net income surged to ₩350 billion from ₩187 billion last year, reflecting robust financial health and potential for continued growth. Unlock comprehensive insights into our analysis of Hankook stock in this health report. Understand Hankook's track record by examining our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Zhongyuan Bank Co., Ltd. provides a range of banking services across the Asia Pacific, North America, and internationally, with a market capitalization of approximately HK$12.79 billion. Operations: The primary revenue streams for Zhongyuan Bank Co., Ltd. are retail banking and financial markets business, generating CN¥5.29 billion and CN¥5.09 billion respectively, followed by corporate banking at CN¥2.63 billion. Zhongyuan Bank, with total assets of CN¥1,365.2 billion and equity at CN¥100.4 billion, seems to be trading at a discount of 37.9% below its estimated fair value. The bank's deposits stand robustly at CN¥941.8 billion against loans totaling CN¥760.9 billion, reflecting a stable funding structure primarily from customer deposits, which are considered low-risk sources. Despite a slight earnings decline of 0.7% annually over the past five years, recent annual growth surged by 16.1%, outpacing industry norms significantly and highlighting its potential for future performance improvements amidst evolving market conditions. Take a closer look at Zhongyuan Bank's potential here in our health report. Explore historical data to track Zhongyuan Bank's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★★ Overview: MEGMILK SNOW BRAND Co., Ltd. engages in the manufacturing and sale of milk, milk products, and other food items both domestically in Japan and internationally, with a market capitalization of ¥1.91 trillion. Operations: MEGMILK SNOW BRAND generates revenue primarily from Dairy Products and Beverages and Desserts, with these segments contributing ¥276.41 billion and ¥263.60 billion, respectively. The company's cost structure impacts its net profit margin, which is a critical measure of profitability. MEGMILK SNOW BRAND Co., Ltd. showcases a dynamic profile with recent earnings growth of 40.3%, outpacing the broader Food industry by a notable margin. Despite this, future earnings are forecasted to see an average annual decline of 2.9% over the next three years, which might temper enthusiasm. The company has announced a share repurchase program valued at ¥20 billion, aiming to enhance capital efficiency by cancelling all repurchased shares. With net debt to equity standing at 13.4%, its financial leverage is satisfactory and has improved from 35.6% five years ago, indicating prudent financial management over time. Dive into the specifics of MEGMILK SNOW BRANDLtd here with our thorough health report. Gain insights into MEGMILK SNOW BRANDLtd's historical performance by reviewing our past performance report. Access the full spectrum of 2652 Asian Undiscovered Gems With Strong Fundamentals by clicking on this link. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A000240 SEHK:1216 and TSE:2270. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Time of India
13-05-2025
- Automotive
- Time of India
Know all about the FIA Girls on Track program at Tokyo E-Prix
The Tokyo E-Prix is just around the corner, and it presents yet another opportunity to boost the participation of women in motorsport . Formula E has implemented the FIA Girls on Track program, which aims to raise the percentage of female involvement by inviting young women aged 12 to 18 to explore, free of charge, various facets of motorsport and its industry through a series of activities, workshops, and behind-the-scenes access. Tired of too many ads? go ad free now Currently, only 1.5 percent of all license holders globally are women. What is the FIA Girls on Track program? FIA Girls on Track will welcome up to 120 young women during the Tokyo E-Prix race week. The participants will engage in workshops, gaming sessions, career talks, and a Pit Lane walk throughout the event, fostering empowerment and education in motorsport and engineering. The program maintains its emphasis on STEM education and gender inclusivity in motorsport, actively reaching out to girls from diverse backgrounds in each host city. In addition to on-site programming, off-site activities will include an immersive E-Karting masterclass, also open to up to 120 young women. This initiative is designed to offer hands-on experience and exposure to E-Karting, aligning with Formula E's broader social impact mission of involving and engaging local communities at every race location. Japanese-American racing driver and content creator Hana Burton, along with active rally driver Maaya Orido—who competes in the XCR Sprint Cup Hokkaido and Rally Hokkaido—will also be present at the event. The FIA Girls on Track program is proudly supported by Hankook (Presenting Partner), ABB (Principal Partner), and Fortescue Zero (Official Partner). All about the Tokyo E-Prix This marks the second season of the Tokyo E-Prix, following its debut last year. In that race, Maximilian Günther of Maserati MSG Racing took the win, while Nissan's Oliver Rowland finished second after starting from pole position. Andretti's Jake Dennis secured the third spot on the podium. Also Read: The race takes place at the Tokyo Street Circuit . This year, the event is set as a double header, scheduled for May 17–18, meaning there will likely be two different winners—similar to the recent Monaco double header.
