International Forms OE Relationship With Hankook

Hankook Tire Co. has reached an agreement to provide Original Equipment (OE) products to International Truck and Engine Corp. for use on the International 4000 and CF Series vehicles.

"This represents a very prestigious partnership and a significant advancement in Hankook Tire's respected Original Equipment relationships worldwide and here in the U.S.," said Bill Bainbridge, Hankook Tire America Corp., marketing director. "This OE supply agreement fits in perfectly with our overall strategic plan to broaden our medium truck tire business, and establishes Hankook as one of the principal suppliers to International Truck and Engine."
Hankook is increasing its truck tire production in Korea to meet the requirements of the new agreement. In fact, delivery of OE tires to International Truck and Engine began in the third and fourth quarters of 2005. As a result of ongoing manufacturing capacity expansion, the supply of replacement truck tires to Hankook's U.S. dealer network will not be affected.
International Truck and Engine is the market share leader in Class 6 and 7 commercial vehicles. The new partnership calls for Hankook to provide steer and drive position tires for International's CF Series trucks and 4000 Series tractors.