Hankook expanding truck and bus tyre capacity at Hungary plant

Hankook has broken ground on a €540 million expansion of its European production plant in Rácalmás, Hungary.

The building phase, which is scheduled for completion in 2027, will culminate in a new production line for truck and bus tyres at the site, with an expected capacity of up to 800,000 units per year.

In the future, the new facility will produce Hankook’s premium products for long-haul and mixed application, SmartLine AL/DL 50 and SmartFlex AL/DL 51, as well as tyres from the new e-SMART series, specifically designed for electric commercial vehicles.

In addition, Hankook says the production line will enable it to meet the needs of customers in Europe with further products for all areas of application, from long-distance and regional transport to construction site and winter use.

The tyre plant in Hungary has been in operation since 2007 and is a strategic pillar for Hankook’s expansion in Europe.

The European plant currently boasts a production capacity of 17 million tyres for passenger cars and light commercial vehicles.

Hankook says the new facility will also employ the latest technologies in tyre production, such as sustainable, renewable and recycled materials as well as 3D additive manufacturing for tread moulds.

The Hungarian plant attained the coveted ISCC PLUS certification (International Sustainability & Carbon Certification), which underlines the sustainability of the production site’s overall approach.

The expansion project is also expected to create 450 new jobs, Hankook says.

Jongho Park, president and COO of Hankook Tire Europe said: “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.”