# Hankook Tire to invest $1.6B in Tennessee plant expansion

Hankook Tire announced a $1.6 billion investment to expand its Tennessee plant in Clarksville, including Phase 2 (doubling PC/LT tire capacity) and Phase 3 (first US production of TBR tires). The expansion will add 1,200 jobs and increase total capacity to 12 million tires annually.

- Type: Expansion
- Announced: 2022-08-29
- Where: Clarksville, Tennessee, United States
- Value: $1.60B
- Jobs: 1,200
- Status: announced
- Capacity: 12 million tires annually
- Products: passenger car and light truck tires, truck bus and radial tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hankook Tire](https://endata.com/companies/20572.md)

## Sources

- [hankook-motorsports.com](https://www.hankook-motorsports.com/en/media/news-detail.627190.html), 2022-08-29: "Global leading tire company Hankook Tire today announced that its board of directors approved a $1.6B investment to expand its Tennessee Plant, located in Clarksville, Tenn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.