Hankook Tire invests $1.6 billion in expanding its plant

Hankook Tire company announced that its board of directors has approved a $1.6 billion investment to expand its Tennessee plant, located in Clarksville, Tennessee.

With this significant investment, the production capacity for Hankook's passenger and light truck tires (PC/LT) as well as truck and bus tires (TBR) will be doubled.

Hankook will double its PC/LT production in the US to 11 million units and enable the production of 1 million TBR tires per year. The expansion will also bring Hankook's total investment in the region to $2.2 billion and will allow the company to continue providing dealers and consumers with high-quality tires and best-in-class services that meet market demands, as well as support existing and future OE partners, the company reports.