Company/Division name | Hankook Tires |
Parent company | Hankook |
Type of work | Manufacturing |
If manufacturing, is the company a contract manufacturer? | Yes |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1800 |
Year reshoring announced: | 2013 |
Year reshoring implemented or to be implemented: | 2017 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 800 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Clarksville |
State(s) reshored to: | TN |
If relevant, work nearshored to: | - |
Industry(ies): | Plastic & Rubber Products |
Product(s) reshored | Tires |
What domestic positive factors made reshoring more attractive? | Automation/technology, Image/brand (customer preference for U.S. made), Proximity to customers/market |