Tennessee's automotive production industry will soon receive a big boost, as South Korean company Hankook Tire Co. recently announced plans to build its first manufacturing facility in the United States in the town of Clarksville.
The new facility, which will cost the company more than $800 million dollars, will create around 1,800 full-time jobs for company employees, according to USA Today. Hankook will break ground on the facility by the end of next year with tire production itself set to begin by 2016.
The vast majority of employees at the facility will be hired from local applicants, according to the Clarksville Leaf Chronicle. Hankook based its decision on Clarksville because of its geographic location allowing for easy nationwide shipping and because there was a location ready for production in the area.
As a result of this new development, the automotive sector in Tennessee becomes the biggest in the southern region of the US and has created more than 12 percent of the state's total job creation since the recession from the end of last decade.
In addition, once production is completed, Hankook will become the largest private employer in Clarksville.