URL | https://siteselection.com/investor-watch/tennessee |
Source | Site Selection |
Date Published | 01/13/2023 |
Mentions specific company case(s) of reshoring, kept from offshoring, or transplant | Yes |
Company/Division name | Hankook |
Parent company | Hankook Tire and Technology Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Capital investment ($): | 1600 |
Country(ies) from which reshored: | Korea, Republic of |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | truck, bus tires |
What domestic positive factors made reshoring more attractive? | Automation/technology |