South Korea-Based Hanon Systems Plans Loudon, Tennessee, Manufacturing Complex
08/02/2023
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.
Project Announcements
AATW Establishes Anderson County, Kentucky, Operations
09/20/2023
Chick-fil-A Supply Plans Kannapolis, North Carolina, Distribution Center
09/20/2023
National Meat and Provision Company Expands Baptist Parish, Louisiana, Production Operations
09/20/2023
Pratt Industries Expands Pennsylvania, Operations
09/20/2023
U.S. Soccer Federation Plans Atlanta, Georgia, Headquarters-Training Center
09/18/2023
Israel-Based Isotopia Molecular Imaging Plans Westfield, Indiana, Operations
09/18/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Why the Southeast Is Winning EV Projects, With More on the Way
Q3 2023
-
EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards
Q2 2023
-
Power-Intensive Site Selection
Q3 2023
-
EV Impacts to Watch in 2023 and 2024
2023 Auto/Aero Site Guide
-
First Person: Establishing a Robust Rare Earth Magnet Supply Chain
Q3 2023