NASHVILLE, Tenn. (AP) — South Korean tiremaker Hankook is moving its North American headquarters to Nashville.
Company and state officials announced in a ceremony at the state Capitol on Wednesday that 200 jobs will move to downtown Nashville, which is about 40 miles southeast of Hankook's new factory in Clarksville.
Hankook broke ground on the new tire plant in 2014, and it is expected to be completed this year.
Gov. Bill Haslam said the move underscores Tennessee's increasing role in the automotive sector. General Motors, Nissan and Volkswagen have assembly plants in the state.
Rival tiremaker Bridgestone announced in 2014 it would consolidate its Americas headquarters in a new 30-story building in downtown Nashville.
Details of the state's incentive package for Hankook were not immediately released.