SK Innovation reports that it is planning to invest just under 1 trillion won (a little less than US$1 billion) in its second car battery plant, this time in Hungary. The company has selected Komaron City in northern Hungary for the investment of 945.2 billion won.
Toyo Tire North America Manufacturing Inc. is set to create more than 150 jobs when it invests over US$138 million in its manufacturing operation in Cartersville, Georgia. According to an official announcement, new jobs will include positions in production, support and administration.
Sentury Tire has selected a plot of land just outside LaGrange, Georgia as the location for its US$500 million US tyre factory, according to various local news sources. Reports in local US newspapers suggest that the decision was made on Thursday 1 September – at which point the choice was between the shortlist of the reportedly successful Georgia location and the Memphis Regional Megasite in Tennessee.
As Kumho Tire announced on 1 July, construction of its facility in the US state of Georgia is recommencing after a seven year delay. The tyre maker says the first tyres will be produced in the US$413 million Macon plant in early 2016, and 100 per cent of the tyres manufactured there will be supplied to OEM customers. Kumho adds that when the 4 million tyres a year capacity plant is complete, the company’s overseas manufacturing capacity will be larger than its capacity within Korea.