A relatively quiet year in global tire industry investment into new capacity ramped up solidly in recent weeks, as large-scale expanion projects disclosed by Bridgestone Americas Inc. and Hankook Tire America Corp. pushed the industry total past the $7 billion level.
Hankook Tire & Technology is confident its North American subsidiary is on a strong growth path. And the South Korean parent company is doubling down on this confidence with a $1.6 billion investment,
The board of directors of Hankook Tire & Technology Co. Ltd. has approved a $1.6 billion expansion of the company's 5-year-old plant in Clarksville, Tenn., that eventually will double capacity of passenger and light truck tires to 11 million units a year.
The board of directors of Hankook Tire & Technology Co. Ltd. has approved a $1.6 billion expansion of the company's 5-year-old plant in Clarksville, Tenn., that eventually will double capacity of passenger and light truck tires to 11 million units a year.