Hankook Expands Production of Truck and Bus Tires at European Plant

Hankook Tire & Technology company, having invested $580 million, will expand the production of radial tires for trucks and buses at its plant in Racalmás (Hungary).

The company expects that the construction of the new production line will be completed by 2027, and its initial capacity will be around 800,000 tires per year. As a result of the production expansion, around 450 new jobs will be created.