South Korean tiremaker Hankook announced Wednesday that it is relocating its North American headquarters from New Jersey to Tennessee.
Company and state officials said in a ceremony at the state Capitol that 200 jobs will move to downtown Nashville, about 40 miles southeast of Hankook’s new tire factory in Clarksville. Hankook broke ground on the plant in 2014, and it is expected to be completed this year.
“By moving our America headquarters to Nashville we will benefit from the synergies provided by having our sales and production facilities in close proximity to each other,” said Hankook CEO Seung Hwa Suh. “It will be an opportunity for Hankook to step up and expand in the U.S. market.”
Gov. Bill Haslam lauded Hankook’s decision to bring its headquarters to Nashville.
“We’re delighted when a company that’s already made a big investment in Tennessee decided to double down and make another,” Haslam said. “This is another step along the way showing that Tennessee really can be that center of activity for companies, all the way along from what they make to how their run their companies.”
Haslam said the move underscores the increasing role the (continue reading)