Update, 12:05 p.m.: Based on what a Hankook spokesman told Clarksville Now, the expansion is much more extensive than what has been reported by the state.
The Phase 2 and Phase 3 expansions together will bring a total of 1,200 new jobs. The Phase 3 expansion alone will generate 400 jobs.
There are currently about 950 employees at Hankook. After both expansions are completed, the total number of jobs at the plant will be approximately 2,200, the spokesperson said. That’s 400 more total employees than the 1,800 that was promised when Hankook was announced in 2013.
Between Phases 2 and 3, Hankook is making a $1.6 billion investment in the Clarksville plant, according to a company news release.
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CLARKSVILLE, TN (CLARKSVILLE NOW) – Hankook Tire announced today it will add nearly 400 jobs in Montgomery County over the next five years as part of a $612 million expansion.
This is the anticipated Phase Two expansion, combined with Phase Three: The company will double its production of passenger car and light truck tires while simultaneously conducting its Phase Three expansion to add the company’s first U.S. production line of truck, bus and radial tires to the Clarksville operations, according to a state news release.
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“We are excited that our friends at Hankook Tire have announced funding for Phase Three!” said Montgomery County Mayor Jim Durrett. “We are looking forward to working with Hankook through the construction process and, once complete, to the many job opportunities this project will bring to Montgomery County residents.”
There are currently about 1,000 employees at Hankook.
Upon completion, Hankook Tire’s Tennessee plant will house the company’s production, warehousing, building, equipment and utilities.
“We are so proud of the growth and success Hankook has been able to achieve here,” said Shea Hopkins, vice president of industrial development for the Clarksville-Montgomery County Economic Development Council. “It is a true testament to the positive economic environment that Montgomery County has been able to cultivate with its existing businesses.”
Located off International Boulevard, the more than 2-million-square-foot facility is expected to begin tire production by the final quarter of 2024, reaching full capacity by early 2026, the release said.
“The investment in our Tennessee plant further demonstrates Hankook’s growing presence in the U.S. and commitment to serving our customers,” said Sooil Lee, CEO, Hankook Tire & Technology and president, Hankook Tire America Corp. “Through a focus on sustainable construction and innovative manufacturing, the new phase of our Tennessee plant will provide an effective local-to-local supply chain to more effectively fulfill customer demand. Additionally, we are extremely proud to continue to support the local economy by bringing nearly 400 new jobs to the Clarksville area.”
Hankook Tire’s newest expansion will bring the company’s total investment in Tennessee to nearly $2.2 billion and with the addition of nearly 400 new jobs, the company will employ roughly 2,300 across the state.
This article will be updated.