Hankook Tires to expand Clarksville location for a third time
Hankook Tire & Technology Co., Ltd officials announced the company will invest $612 million in its third major manufacturing expansion since breaking ground on the company’s state-of-the-art Clarksville facility in 2014. Located off International Boulevard, Hankook Tire will create 397 new jobs in Clarksville over the next five years. Through this project, Hankook Tire will complete its Phase Two expansion in order to double its production of passenger car and light truck (PC/LT) tires while simultaneously conducting its Phase Three expansion to add the company’s first U.S. production line of Truck Bus and Radial (TBR) tires to the Clarksville operations. Upon completion, Hankook Tire’s Tennessee plant will house the company’s production, warehousing, building, equipment and utilities. The more than two-million-square-foot facility is expected to begin tire production by the final quarter of 2024, reaching full capacity by early 2026. Founded in 1941 and globally headquartered in South Korea, Hankook Tire has been a part of the U.S. tire market since 1981. In 2016, Hankook Tire America Corp. relocated its North American headquarters to Nashville following the company’s decision to locate a state-of-the-art manufacturing facility in Clarksville. Hankook Tire’s newest expansion will bring the company’s total investment in Tennessee to nearly $2.2 billion and with the addition of nearly 400 new jobs, the company will employ roughly 2,300 across the state.