Kumho Tire Says Work on U.S. Factory Will Resume

Newswire

SEOUL, July 1 (Reuters) - South Korean tyre marker Kumho Tire said on Tuesday it plans to invest $413 million to build its first factory in the United States to cater to demand from Hyundai Motor Co and other global automakers. Kumho Tire said it would resume construction of the plant in Georgia, which broke ground in 2008 only to be put on hold due to the global financial crisis. The factory would be completed in early 2016 and would have annual capacity of about 4 million tyres. Kumho, ...

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