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Kumho Tire Plant Damaged by Fire

Published 23 hours ago1 minute read

Kumho Tire Co. Inc.’s largest tire factory in South Korea was the site of a massive fire, and production at the plant was suspended due to the fire that broke out Saturday morning, according to Reuters.

A spokesperson told Reuters that the plant has the capacity to produce 12 million tires a year — which accounts for almost 20% of the company’s global capacity.

The plant, in Gwangju, produces passenger, TBR and aviation tires, according to Kumho. It is one of eight plants located in four countries. Kumho operates one factory in the U.S. — in Macon, Ga., which manufactures passenger tires.

Kumho had plans to expand its annual production capacity to 65 million units in 2025 — up from the 62.4 million units of capacity it had in 2023.

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