▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald
검색폼

THE INVESTOR
March 29, 2024

Industrials

Hankook Tire acquires Australia’s largest tire distributor Jax Tyres

  • PUBLISHED :February 01, 2017 - 16:07
  • UPDATED :February 01, 2017 - 17:10
  • 폰트작게
  • 폰트크게
  • facebook
  • sms
  • print

[THE INVESTOR] Hankook Tire announced on Feb. 1 that it has acquired the entire stake in Jax Tyres, Australia’s largest tire franchise operator.




Established in 1949 in Sydney, Jax Tyres has grown to be the top tire and underbody repair company that runs 83 outlets across the country. 

The South Korean tire maker seeks to strengthen its competitiveness in B2C distribution, one of its new business areas, on the global stage by adopting Jax’s innovative franchise system.

It will take one step further from growth in hardware, developing distribution network and premium services, and will focus on strengthening global competiveness by diversifying auto-related businesses, said Suh Seung-hwa, Hankook Tire’s vice chairman & CEO, in a statement.

By Hwang You-mee (glamazon@heraldcorp.com)

EDITOR'S PICKS