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The suspension of production at the European and American plants of the three major tire companies
in South Korea was affected by the new crown epidemic, and vehicle manufacturers stopped production
one after another.
The three major tire plants in Europe and the U.
S.
, which are tire suppliers, have been suspending operations
since late March.
The deterioration in the performance of the three South Korean tire companies has caused concern
among industry insiders.
Hankook Tire's Tennessee plant in the U.
S
.
(annual production capacity of 5.
5 million tires) and Hungary plant (annual production capacity of 18 million tires) will be suspended from March 30.
From April 1 to 8, Kumho Tire suspended production
at its Georgia plant in the U.
S.
Nexen Tire's only overseas production base, the Czech Republic, also suspended production
on March 27.
The shutdown period for each plant is expected to last one to two weeks, however, depending on the development of the local epidemic, production cuts and delays in resuming work will be inevitable
.
