Governor Lee, Commissioner McWhorter Announce Hankook Tire & Technology Co., Ltd to Expand Manufacturing Operations in Montgomery County

SourceTennessee Department of Economic and Community Development
Date Published08/29/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hankook Tire & Technology Co., Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):397
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Offshore, work was done:In-house
Capital investment ($):612
Country(ies) from which reshored:Korea, Republic of
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredTruck Bus and Radial (TBR) tires
What domestic positive factors made reshoring more attractive?Automation/technology, Infrastructure, Skilled workforce availability/training
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