Consultants Forum Advertise
Subscribe
Area Development Magazine Current Issue

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development

South Korea-Based Hanon Systems Plans Loudon, Tennessee, Manufacturing Complex

08/02/2023
South Korea-based Hanon Systems, a full-line supplier of automotive thermal and energy management solutions for electrified and conventional vehicles, plans to establish manufacturing operations in Loudon, Tennessee. The $170 million project is expected to create 600 jobs.

The new facility, located at Huntington Park, will supply thermal solutions for electrified mobility to automakers serving the North America market.

“Thanks to Hanon Systems’ significant investment in our state, more than 6,000 Tennesseans will be employed by South Korean companies. We welcome Hanon Systems to Loudon County and believe Tennessee’s skilled workforce and pro-business climate will be the ideal match for this company’s success,” TNECD Commissioner Stuart C. McWhorter noted.

Headquartered in South Korea, Hanon Systems is a leading supplier of thermal and energy management solutions for the automotive industry. The company’s products include heating ventilation and air conditioning; powertrain cooling; compressor; fluid transport; and electronics and fluid pressure.

“TVA and Loudon Utilities congratulate Hanon Systems on its decision to establish operations and create new job opportunities in Loudon County. Helping attract and retain jobs and investment in the Valley is at the core of TVA’s mission of service. We are proud to partner with Loudon County Economic Development Agency, Loudon County Mayor’s Office, Loudon County Commission, City of Loudon, and the Tennessee Department of Economic and Community Development to further that mission and celebrate this announcement together,” added John Bradley, TVA senior vice president of economic development.

Podcast

Apple Podcasts Spotify

Magazine

Past Issues
Area Development Magazine Q1 2026
Q1 2026

Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.

Exclusive Research