Hankook Tire to Locate North American Headquarters in Nashville, Tennessee

Following its decision to locate an $800 million tire manufacturing facility in Clarksville, TN, Hankook Tire is now adding to its Tennessee presence by announcing that it will locate its North American headquarters in Nashville.

Hankook

Hankook (photo – Dave Hamster/flickr)

Announcing the project, Governor Bill Haslam said in a statement that “By choosing Nashville for the location of its North American headquarters, Hankook Tire continues to help make our state known as a worldwide leader in the automotive sector.”

Tennessee Economic and Community Development Commissioner Randy Boyd noted that “Hankook Tire could choose anywhere to locate its North American headquarters, and it says volumes about Davidson County and Tennessee that they chose us.”

Hankook Tire America Corp. is headquartered in Wayne, NJ. It is a part of Seoul, South Korea-based Hankook Tire, one of the largest tire manufacturers in the world with over 20,000 global employees. The company has over 30 offices, five R&D centers and eight large-scale tire production facilities, including the one in Tennessee, which is its first and only production plant in the United States.

The company chose Clarksville and Montgomery County for its $800 million manufacturing plant in 2013, and broke ground in 2014 for constructing the 1.5 million-square-foot advanced manufacturing facility in the Corporate Business Park.

The tire manufacturing plant is creating 1,800 new jobs for Clarksville and Montgomery County. So the headquarters project in Nashville is Hankook’s second major facility to be located in Tennessee. The Nashville economic development benefits from this latest project include an investment of $5 million and the creation of 200 more jobs for the state – this time in Davidson County.

Hankook Tire Vice Chairman and CEO Mr. Seung Hwa Suh said in the release that “We believe by relocating our headquarters to Nashville, Hankook Tire can benefit from the people, resources and infrastructures of Tennessee, and we hope it will provide job opportunities and contribute to the Tennessee economy.”

The company is in the process of looking for space for its headquarters in downtown Nashville. Mayor Megan Barry said they are thrilled that Hankook Tire has chosen to locate its U.S. headquarters in Nashville and bring up to 200 jobs to the city. “Hankook Tire joins a growing number of international firms who have chosen to invest in Nashville and become cherished members of our community,” added Mayor Barry.

TVA Senior Vice President of Economic Development John Bradley likewise noted that “TVA and Nashville Electric Service congratulate Hankook Tire on the decision to locate its new corporate headquarters and bring quality jobs to Nashville.”

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