Tennessee Takes the Wheel

SourceSite Selection
Date Published01/13/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hankook
Parent companyHankook 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) reshoredtruck, bus tires
What domestic positive factors made reshoring more attractive?Automation/technology
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