Tennessee Plant Poised for $1.6B Expansion

URLhttps://www.commercialsearch.com/news/hankook-taps
SourceCommercial Property Executive
Date Published02/27/2024
Author NameVicentiu Fusea

Additional Reshoring Information:

Company/Division name Hankook
Parent companyCho Hong-jai
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1200
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):1600
Country(ies) from which reshored:Korea, South
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive and industrial vehicle tires
What domestic positive factors made reshoring more attractive?Higher productivity, Proximity to customers/market, Skilled workforce availability/training
Find Reshoring Articles