Construction of the Hankook Rácalmás site in Hungary has started and will run until 2027, with a total investment of €540 million and a capacity of up to 800,000 units per year.
Hankook Hungary Tyre Plant
Hankook has continued its expansion with its European production plant in Rácalmás, Hungary. The building phase is scheduled for completion in 2027 and will represent the beginning of a new production line for truck and bus tyres, with a capacity of up to 800,000 units per year. The new facility in Hungary will eventually also be producing long-haul and mixed-application products, SmartLine AL/DL 50 and SmartFlex AL/DL 51 and tyres from the new e-SMART series, designed for electric commercial vehicles. Additionally, the plant will help Hankook meet customers’ needs in Europe with products for all areas of application, from long-distance and regional transport to construction sites and winter use.
“We are very happy with the progress so far. After getting the necessary approvals, we were able to commence the building works as planned and preparatory soil construction is underway,” says Jongho Park, President and COO of Hankook Tire Europe. “Once the new production line is complete, we will be manufacturing truck and bus tyres for the European market in Europe, which will shorten our transport routes. With the investment, we are strengthening the European business location and creating more jobs,” he continues.
The tyre plant in Hungary has been operating since 2007 and represents a strategic pillar for Hankook’s expansion in Europe. The plant currently has a production capacity of 17 million tyres for passenger cars and light commercial vehicles. The new facility will also bring the use of the latest technologies in tyre production, such as sustainable, renewable and recycled materials and 3D additive manufacturing for tread moulds. The Hungarian plant has the ISCC PLUS certification, underlining its overall sustainability.
Hankook is investing around €540 million until 2027 in the expansion project, which will also create 450 new jobs.
