Hankook adding truck and bus production line to European plant

Hankook has said that it is investing around €540 million in a truck bus radial production line at its European Plant.

Expected to be complete by 2027, the Rácalmás plant in Hungary will produce an estimated 2,380 units of Truck Bus Radial (TBR) products daily, with a total annual estimate of 800,000 units upon completion, according to Hankook.

This expansion proposal for a new TBR production line was approved by the Hankook board of directors on 23rd November. Hankook says the expansion will create about 450 new jobs.

Hankook’s Rácalmás plant was completed in 2007 and has served as an outpost for the company’s European expansion.

The European plant, which has completed its third phase of construction, is equipped with state-of-the-art manufacturing facilities that can produce 17 million passenger car and light truck (PCLT) tyres annually.

The same production plant has also attained the International Sustainability & Carbon Certification (ISCC) PLUS certification this year.