Hankook Considering 3 Sites for Next Overseas Plant

Mexico, Russia and Vietnam are reportedly under consideration as potential sites for Hankook Tire’s third facility to be built outside of Korea. A final decision is most likely to be made in the second half of the year, however it appears that Vietnam may be the strongest contender in the running.

Last November chief executive Suh Seung-Hwa said Hankook was considering building another production facility overseas after it completed its Hungarian facility, the next stage of which should be finished in 2010.