The reason behind the decision for expansion
As per The Korea Times, the South Korean company is taking this step to increase its export capability to North America. The expansion will make sure that Kumho Tire will be able to deliver more products than it was producing before.
The company shared that the plan was only made possible after the board agreed to shell out KRW340 billion as an investment. The fund will be gradually released starting in the third quarter of 2021 up to the first quarter of 2023. After considering our plan to increase North America-bound exports and potential U.S. anti-dumping duties, we came to the conclusion that increasing the capacity of the Vietnamese plant would be the best solution, an official from Kumho Tire stated.
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Here Are Automakers Plans for Adding More Electric Vehicles to Their Lineups By Benjamin Preston
The plan had been for flights from New Zealand to make a brief stop in Honolulu to change crew before continuing on to Los Angeles or San Francisco, both deemed high-risk destinations by the Ministry of Health. Aircrew operating into those ports would then remain airside and operate the return flight to Honolulu where there would be a further crew change to operate back to New Zealand.
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Air New Zealand operates eight cargo and two passenger and cargo services per week between New Zealand and Los Angeles in addition to four cargo services between New Zealand and San Francisco and one cargo service from Australia to North America.
50 Ways Air Travel Has Changed Over the Last 100 Years
By Joni Sweet, Stacker News
On 1/8/21 at 10:00 PM EST
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