Hankook Tire Halts Factory Production for 3 Days... "Lack of Ships for Export"

[Asia Economy Reporter Park Jun-yi] Hankook Tire & Technology announced on the 13th that it will halt production at its Daejeon and Geumsan plants for three days from the 16th to the 18th to adjust output due to a shortage of shipping capacity (ship loading capacity).

Hankook Tire explained the reason for the production stoppage as "the global cargo volume has increased significantly, making it difficult to secure ships needed to export products to the US, Europe, and Southeast Asia."

Previously, production at the Daejeon and Geumsan plants was also halted for the same reason from the 10th to the 12th and the 24th to the 26th of last month. With this shutdown, Hankook Tire is expected to experience a production shortfall of 100,000 to 150,000 units per day on average.

This content was produced with the assistance of AI translation services.