From Tire Review
 
Hankook Tire Co. reported 2011 sales of $5.85 billion, an all-time global record for the company.
 
The revenue was up 20.9 percent compared to 2010 results, Hankook said. Operating profit from those sales reached $511 million, down 8.8 percent vs. 2010.
 
The tiremaker said it saw a sales increase of 41 percent in Europe and 34 percent in North America and 20 percent growth rates each in Latin America and Asia.
 
Global OE sales were up 52 percent, Hankook claimed, with OE UHP sales leading the way with a 92 percent increase.
 
“In spite of uncertain global economic conditions and sharp increase in raw material prices, we were able to continue our unprecedented growth in 2011 by firmly placing our priorities to deliver utmost quality and technology in our products,” said Seung Hwa Suh, CEO and vice chairman. “We will continue to provide the best products and services while continuing to build a sustainable corporate culture to strengthen Hankook’s position as a leading global company.”