Hankook Tire North America is “still on track” to break ground on phase two expansion of its Clarksville, Tenn., plant.
Last summer, Hankook announced it would invest $1.6 billion to expand consumer tire production at the plant and enable commercial truck and bus tire production there.
Specifically, the investment will eventually double the plant’s passenger and light truck tire production to 11 million units.
Since opening in October 2017, the Clarksville factory has produced around 5.5 million tires for the North American market annually.
"The investment in our Tennessee plant further demonstrates Hankook's growing presence in the U.S. and commitment to serving our customers," said Sooil Lee, CEO of Hankook Tire & Technology.
"Through a focus on sustainable construction and innovative manufacturing, the new phase of our Tennessee plant will provide an effective local-to-local supply chain to more effectively fulfill customer demand. Additionally, we are extremely proud to continue to support the local economy by bringing 1,200 new jobs to the Clarksville area."
"This production expansion is a vital step to our growth in the medium truck market," said Rob Williams, president, Hankook Tire North America. "As a result, we can better meet the needs of both our growing dealer base and the fleets that serve the North American shipping lanes."
