Hankook Invests in Hungary Plant Expansion

Hankook Tire and the Hungarian government have jointly announced details of further investment in the tire manufacturer’s European production facility, located 60 kilometers south of Budapest. Hankook plans to invest some 313 million euros in adding a further manufacturing unit to the site, which will create over 950 new jobs and further boost Hankook’s production volume in Europe, bringing capacity up to 17 million tires per year. …

Source: Tire Review