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20. May 2006

CHINA: Kumho's third Chinese plant breaks ground

Source: Daily "Korea Herald", Seoul; 20 May 2006

Kumho Tire Co. said 19 May its third Chinese plant
broke ground in the northeastern city of Changchun to
boost its annual production in the fast-growing auto
market to 21 million tires.

Kumho said it will invest $150 million in the
Changchun factory in Jilin Province which will be
capable of churning out 3.15 million units per year
after completion in late 2007.

"We aim to become a leader in the Chinese market as
well as one of the world's top five tiremakers," said
Kumho Asiana Group chairman Park Sam-koo at the
groundbreaking ceremony in Changchun.

Korea's second-largest tiremaker plans to supply most
of the original equipment and high-performance tires
made at Changcun to China First Automotive Group.

Kumho completed a factory capable of rolling out 12
million tires in Nanjing in April last year. Another
plant with a capacity of 5.25 million tires is slated
for completion next month in Tianjin, the northern
port that serves the Beijing metropolitan region.

(Syed Rashid Ali, Karachi, Pakistan)

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