Hankook Tire Celebrates Grand Opening of First U.S. Manufacturing Plant

URLhttps://www.prnewswire.com/news-releases/hankook-t
SourceCision PR Newswire
Date Published10/17/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hankook Tires
Parent companyHankook
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) reshoredTires
What domestic positive factors made reshoring more attractive?Automation/technology, Image/brand (customer preference for U.S. made), Proximity to customers/market
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