Hankook Consider Moving to Eastern Europe

A number of news sources are reporting that Hankook Tire is considering sites in Eastern Europe for a possible new construction plant.

The Korean Maeil Business Newspaper identified Poland as one of the front-runners, for the $1 billion project. The claim that the report is supported by the company’s president, Cho Choong Hwana, adds credence to the story.

Meanwhile, the Warsaw Business Journal reports that it will take an estimated two to three years before construction of the plant is finished. The journal also suggests that Hyundai’s recent decision to open a plant in Slovakia could have been a motivating factor behind the move.