{"id":1004194378,"date":"2017-10-19T10:33:46","date_gmt":"2017-10-19T18:33:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194378"},"modified":"2022-12-07T11:08:30","modified_gmt":"2022-12-07T19:08:30","slug":"hankook-tire-opens-800m-tn-plant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/","title":{"rendered":"Hankook Tire Opens $800M TN Plant"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004194413\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194413\" data-attachment-id=\"1004194413\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/hankook-tire-america-corp-tennessee-plant\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\" data-orig-size=\"1029,772\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Hankook Tire America Corp.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Hankook Tire&#039;s Tennessee Plant in Clarksville, Tenn., is the company&#039;s first manufacturing facility in the U.S., underscoring its commitment to technology, innovation and growth in North America. (PRNewsfoto\/Hankook Tire America Corp.)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Hankook Tire America Corp Tennessee Plant&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hankook Tire America Corp Tennessee Plant\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Hankook Tire&#8217;s Tennessee Plant in Clarksville, Tenn., is the company&#8217;s first manufacturing facility in the U.S., underscoring its commitment to technology, innovation and growth in North America. (PRNewsfoto\/Hankook Tire America Corp.)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg?w=1024\" class=\"wp-image-1004194413 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\" alt=\"Hankook Tire's plant in Clarksville, Tenn.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg 1029w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194413\" class=\"wp-caption-text\">Hankook Tire&#8217;s plant in Clarksville, Tenn.<\/p><\/div>\n<p>Hankook Tire opened its first U.S. manufacturing facility in Clarksville, Tenn. The company invested $800 million in a new 1.5-million-square-foot facility, where it will produce passenger car radial and light truck radial tires. The plant has already brought nearly 1,000 jobs to the local economy, a total that is expected to climb to 1,800 as infrastructure expands.\u00a0<\/p>\n<p>Built on a 469-acre site off International Boulevard, the plant is in close proximity to Interstate 24 and approximately 50 miles from downtown Nashville, Tenn. Hankook broke ground on the Clarksville plant in 2014. Last year, the company moved its American headquarters to Nashville.<\/p>\n<h2>Generous local incentives<\/h2>\n<p>According to <em>The Leaf Chronicle<\/em>, the state government and\u00a0Clarksville-Montgomery County have contributed around $72 million in incentives, including land value, to bring the tire giant to Clarksville. Road improvements near the plant site are also part of the incentives package.<\/p>\n<p><em>&#8220;Our investment in the U.S. is part of our ongoing commitment to innovation, state-of-the-art technology and service for our customers. This high-tech, sustainable facility will enable Hankook to execute every phase of business in the U.S., from R&amp;D to production and sales,&#8221;<\/em> said Hankook Tire Global CEO Seung Hwa Suh, in prepared remarks.<\/p>\n<p>The plant will produce 5.5 million units annually, in the first phase. When the second phase of development is completed, Hankook Tire will double its production capacity to 11 million units annually.<\/p>\n<p>The site is near the location of another South Korean company, LG Electronics Inc., which broke ground in August on a $250 million <a href=\"https:\/\/www.commercialsearch.com\/news\/lg-electronics-to-build-250m-home-appliance-plant-in-tennessee\/\">washing machine plant<\/a>.<\/p>\n<p><em>Image courtesy of Hankook Tire <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nashville-area facility is the company\u2019s eighth factory worldwide. Built on 469 acres, the 1.5 million-square-foot development in Clarksville is expected to bring 1,800 jobs to the state.  <\/p>\n","protected":false},"author":238,"featured_media":1004194413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,13,36077,21742],"tags":[33899,38025],"class_list":["post-1004194378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-midwest","category-nashville-knoxville","category-latest","tag-lg-electronics","tag-the-hankook-tire-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hankook Tire Opens $800M TN Plant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hankook Tire Opens $800M TN Plant\" \/>\n<meta property=\"og:description\" content=\"The Nashville-area facility is the company\u2019s eighth factory worldwide. Built on 469 acres, the 1.5 million-square-foot development in Clarksville is expected to bring 1,800 jobs to the state.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-19T18:33:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T19:08:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1029\" \/>\n\t<meta property=\"og:image:height\" content=\"772\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/\",\"name\":\"Hankook Tire Opens $800M TN Plant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\",\"datePublished\":\"2017-10-19T18:33:46+00:00\",\"dateModified\":\"2022-12-07T19:08:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hankook-tire-opens-800m-tn-plant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hankook_Tire_America_Corp_Tennessee_Plant-1.jpg\",\"width\":1029,\"height\":772,\"caption\":\"Hankook Tire's Tennessee Plant in Clarksville, Tenn., is the company's first manufacturing facility in the U.S., underscoring its commitment to technology, innovation and growth in North America. 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