Company/Division name | Hankook Tire |
Parent company | Hankook Tire and Technology Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2019 |
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 | automotive tires |
What non-domestic negative factors made offshoring less attractive? | Other, rising materials costs |
What domestic positive factors made reshoring more attractive? | Automation/technology, Eco-system synergies, Proximity to customers/market, Skilled workforce availability/training |