This week state leaders announced that Hankook Tire Co. will open its first U.S. manufacturing facility in Clarksville, Tenn., and that move has local benefits.
The $800 million investment will create 1,800 new jobs in Clarksville, and the company is also a Volkswagen supplier.
"This is a win for the state of Tennessee and a win for Volkswagen as well," Volkswagen spokesman Scott Wilson said via email. "Getting our supplier partners as close as possible to the plant is an on-going priority for Volkswagen Chattanooga."
Clarksville is about three hours away and is north of Nashville, near the Tennessee/Kentucky border.
Hankook Tire is expected to break ground on the 1.5 million-square-foot plant by the end of 2014 and begin tire production by 2016, state officials said.
Gov. Bill Haslam said that the addition is a boost to the state's strong auto industry.
“The auto sector is a key industry cluster where Tennessee has a distinct advantage with more than 900 auto suppliers and manufacturers, and today’s announcement reinforces our goal of becoming the No. 1 location in the Southeast for high quality jobs," he said in a prepared statement.
Tennessee’s automotive sector, the largest in the South in terms of employment, has led the state's post-recession economic recovery, and it has generated more than 12 percent of all the job creation in Tennessee since the recession.
The automobile sector has also created more than one-third of the manufacturing sector's output in Tennessee since 2010.
The automotive industry includes 910 companies employing 113,148 Tennesseans and investing $31.5 billion, state officials said in a news release.
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