Hankook Tire Selects the State of Tennessee for Its First U.S. Plant

  Hankook Tire Selects the State of Tennessee for Its First U.S. Plant

  *Company’s First U.S.-based Manufacturing Facility to Support Growing
    Business
  *Further Commitment to Deliver High Quality Products and Service to
    Customers in the U.S.

Business Wire

WAYNE, N.J. -- October 14, 2013

Hankook Tire, one of the fastest growing tire companies in the world, today
announced plans for its 8th global manufacturing plant which will be located
in Clarksville, Tennessee.

Hankook Tire Vice Chairman and CEO Mr. Seung Hwa Suh and Tennessee Governor
Bill Haslam (Photo: Busi ...

Hankook Tire Vice Chairman and CEO Mr. Seung Hwa Suh and Tennessee Governor
Bill Haslam (Photo: Business Wire)

Hankook will invest over $800 million USD for the new state-of-the-art plant,
its first in the United States. The new plant will provide additional capacity
for Hankook’s growing business in the U.S. market and create approximately
1,800 fulltime jobs for the region. Hankook is expected to break ground on the
new plant by the end of 2014 and begin tire production by 2016.

“This new facility will help Hankook Tire accomplish our plan to establish a
production base in all major markets,” said Mr. Seung Hwa Suh, Vice Chairman
and CEO of Hankook Tire. “We will be able to provide our customers, consumers
and car makers with high quality tires and industry leading service to meet
the demands of the American market.”

The announcement was made from the Wilma Rudolph Event Center in Clarksville,
Tennessee in front of a group of over two hundred assembled local and state
officials and media representatives.

“I want to thank Hankook Tire for its substantial investment in Tennessee and
for the 1,800 jobs they’ll create in Montgomery County,” said State of
Tennessee Governor Bill Haslam.

The Clarksville, Tennessee location is ideal for Hankook, offering an
extensive transportation network including rail, plane and interstate highway
networks as well as regional access to the Mississippi River inland waterway.

This announcement puts Hankook Tire one step closer to its vision of being a
leading global tire company providing customers with top-tier products and
service.

About Hankook Tire America Corp.

Hankook Tire America Corp. is a growing leader in the U.S. tire market,
leveraging investments in technology, manufacturing and marketing to deliver
high quality, reliable products that are safer for consumers and the
environment. Headquartered in Wayne, N.J., Hankook Tire markets and
distributes a complete line of high performance and ultra-high performance
passenger tires, light truck, SUV tires, as well as medium truck and bus tires
in the United States.

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Contact:

Hankook Tire America Corp.
Calvin Pak, 973-406-3500
General Manager, Marketing Strategy
calvinpak@hankooktireusa.com
or
Henry D. Kopacz, 973-406-3532
Public Relations & Social Media Manager
hkopacz@hankooktireusa.com
or
Brodeur on behalf of Hankook
Dan Martin, 617-587-2810
dmartin@brodeur.com
or
Brodeur on behalf of Hankook
Emma Powers, 646-746-5608
epowers@brodeur.com