Hankook inks major smartlogistics deal at US tire plant
Hankook Tire has awarded Hyundai Movex an $82 million contract to supply logistics automation for its tire manufacturing plant in Tennessee. This is the largest single order in Hyundai Movex's history. The project will involve installing advanced equipment and facilities to increase efficiency and control the core logistics process. The US plant currently has the capacity to produce 5.5 million passenger car tires per year, which is expected to double by 2026. Hyundai Movex has previously provided smart logistics solutions to other tire plants in Serbia and China.
Source: Link
Frequently Asked Questions (FAQs) - Hankook's Smart-Logistics Deal at US Tire Plant
1. What is the recent deal that Hankook has signed for its US tire plant?
Hankook Tire has awarded an $82 million contract to Hyundai Movex to supply logistics automation for its tire manufacturing plant in the United States. This deal is aimed at enhancing smart logistics at the facility.
2. Who is the contract with, and what is the value of the deal?
The contract is with Hyundai Movex, the logistics automation solutions affiliate of Hyundai Group. The value of the deal is $82 million.
3. What will the smart logistics automation provided by Hyundai Movex include?
The details of the logistics automation have not been described in the search results. However, logistics automation typically includes systems like automated storage and retrieval systems (AS/RS), conveyor belts, sorting systems, and software for managing and optimizing logistics operations.
4. How does this smart-logistics automation contract benefit Hankook Tire's US plant?
While specific benefits have not been mentioned, smart-logistics automation generally helps improve efficiency, reduce human error, lower operational costs, and increase production capacity by optimizing the flow of materials and products within the manufacturing plant.
5. When was this deal reported?
The deal was reported within the last week, as per the search results.
6. Is the logistics automation deal part of any environmental or sustainability efforts by Hankook?
The search results do not directly link the logistics automation deal to specific environmental or sustainability efforts. However, Hankook Tire's future logistics transport system, HLS-23, is mentioned in the context of guaranteeing sustainable logistics services in a 2019 press release.
7. Where can I find more detailed information about this deal?
More detailed information about Hankook's smart-logistics contract for its US tire plant can likely be found on the European Rubber Journal website, as it has been reporting on the deal.
8. Has Hankook Tire received any awards for innovation recently?
In 2019, Hankook Tire won the IDEA (International Design Excellence Awards) for its innovative concept tires, including smart sensors and logistics services. This is not directly related to the smart-logistics contract but highlights the company's commitment to innovation.
Remember that you can often find more detailed information on the official websites of the involved companies or by checking recent press releases and news articles if you're looking for the latest updates or more comprehensive details about such deals.