Tire maker announces $600 million expansion in Tennessee

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A global tire maker is planning its third major expansion at a Tennessee plant in less than a decade, state and company officials said.

Hankook Tire & Technology opened the Clarksville, Tennessee plant in 2014, and is currently expanding the site to double production of car and light truck tires. The third phase of construction would add production of truck buses and radial tires – the South Korean company’s first in the United States

The facility, over 2 million square feet, will eventually house Hankook’s manufacturing, warehouse, building, equipment and utility operations. Tire production is expected to begin in late 2024 and reach full capacity in early 2026. The company, which moved its North American headquarters to Nashville in 2016, said the latest project will create nearly 400 jobs in over the next five years.

Hankook CEO Sooil Lee said the latest expansion will create an “efficient local-to-local supply chain” and better meet consumer demand.

The recently announced expansion would bring Hankook’s total workforce in Tennessee to approximately 2,300 people. He has announced more than $2 billion in capital spending in the state so far.

Image Credit: Chonlatee42 / Shutterstock.com

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