Hankook Tire

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.

AtlasBX, a subsidiary of Hankook Tire, will invest $75 million to build a high-performance battery plant in Clarksville, Tennessee. The facility is expected to be completed by 2020 and will create 200 jobs.

Hankook Tire was selected as original equipment supplier for Audi's Q7 and SQ7 SUVs, becoming the first Korean tire maker to supply OE tires to BMW, Mercedes-Benz, and Audi. The deal involves Ventus S1 evo2 SUV tires with sound absorber technology.