Company/Division name | Hankook |
Parent company | Cho 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) reshored | automotive and industrial vehicle tires |
What domestic positive factors made reshoring more attractive? | Higher productivity, Proximity to customers/market, Skilled workforce availability/training |