Skip to content
Subscriber Only

Hankook Tire to Invest $800 Million to Build First Plant in U.S.

Hankook Tire Co., South Korea’s biggest tiremaker, will invest $800 million to build its first factory in the U.S. as carmakers stay on track for a fifth straight year of growth.

The plant will be located in Tennessee and have an annual production capacity of 11 million tires, according to an e-mailed statement by the Seoul-based company. The factory will be Hankook’s eighth manufacturing base globally and is scheduled to begin production in 2016, the company said.