Premium tyre maker Hankook announced that its board of directors has approved a USD 1.6 billion investment to expand its Tennessee plant, located in Clarksville. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger-car and light-truck (PCR/LT) tyres, and adds a Phase 3 expansion with the company’s first US production of Truck Bus and Radial tyres. The addition of the Phase 3 expansion project will bring 400 more jobs to the Clarksville area for a total of 1,200 new jobs overall.Hankook will double US PCR/LT production to 11 million units and enable production of 1 million TBR tyres annually. The expansion also brings Hankook’s total investment in the area to USD 2.2 billion and will enable the company to further provide tyre dealers and consumers with high-quality tyres and industry-leading services to meet the demands of the American market, while supporting existing and future original equipment partners.Since Hankook’s state-of-the-art Tennessee plant opened in October 2017, Hankook has produced 5.5 million tyres annually for the North American market and generated 950 jobs. The North American market accounted for more than 28% of total Hankook Tire sales in 2021.
Premium tyre maker Hankook announced that its board of directors has approved a USD 1.6 billion investment to expand its Tennessee plant, located in Clarksville. The investment includes the previously planned Phase 2 expansion that will double production capacity of Hankook’s passenger-car and light-truck (PCR/LT) tyres, and adds a Phase 3 expansion with the company’s first US production of Truck Bus and Radial tyres. The addition of the Phase 3 expansion project will bring 400 more jobs to the Clarksville area for a total of 1,200 new jobs overall.Hankook will double US PCR/LT production to 11 million units and enable production of 1 million TBR tyres annually. The expansion also brings Hankook’s total investment in the area to USD 2.2 billion and will enable the company to further provide tyre dealers and consumers with high-quality tyres and industry-leading services to meet the demands of the American market, while supporting existing and future original equipment partners.Since Hankook’s state-of-the-art Tennessee plant opened in October 2017, Hankook has produced 5.5 million tyres annually for the North American market and generated 950 jobs. The North American market accounted for more than 28% of total Hankook Tire sales in 2021.
