South Korea-Based Hanon Systems Plans Loudon, Tennessee, Manufacturing Complex

SourceArea Development
Date Published08/02/2023

Additional Reshoring Information:

Company/Division name Hanon Systems
Parent companyHanon Systems Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):600
Year reshoring announced:2023
Capital investment ($):170
Country(ies) from which reshored:Korea, South
City reshored to:Loudon
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive thermal and energy management solutions
What domestic positive factors made reshoring more attractive?Skilled workforce availability/training
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