Hankook expanding truck and bus tyre production in Hungary with €540 million investment
Hankook has broken ground on a new 540 million euro truck and bus tyre production line at its European plant in Rácalmás, Hungary. Construction is scheduled for completion in 2027 and will mean an increase in TBR capacity of up to 800,000 units per year. Hankook adds that it will create 450 new jobs with the expansion of its European tyre production operations to TBR. The addition of TBR tyres to the output of the plant has been discussed since operations began in Rácalmás in 2007. The company postponed a planned expansion in 2019, but has since increased its investment and planned capacity, which was then to be 550,000 units.