Subscribe
Close
  • Free for qualified executives and consultants to industry

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

Renew

South Korea-based Shinhung Global USA Builds Clarksville, Tennessee, Distribution Center

09/09/2021
Shinhung Global USA Inc.,a South Korean-based logistics company, will invest $10 million to expand its operations by building a new distribution facility at the Montgomery County Industrial Park in Clarksville, Tennessee. The project is expected to create 83 jobs.

According to the Tennessee Department of Economic and Community Development, Shinhung’s Clarksville location represents the company’s sole U.S. operations. This expansion takes place only three years after locating in Clarksville and will continue to grow Shinhung’s international operations in third-party logistics, global sourcing, forwarding and vendor managed inventory.

"Since establishing our company in Tennessee in 2018, there have been many experiences that helped us decide to invest and move forward in building our own warehouse. We are excited to expand in both the state and Clarksville, and we really appreciate the help that this state, the Clarksville Industrial Development Board, and LG Electronics have provided to us as we expand our business. We hope to continue to be a valuable partner to Tennessee and the U.S., Yu Sung Park, president, Shinhung Global USA Inc. explained.

As a major supplier for LG Electronics USA, the expansion will put the newest portion of the company in close proximity to LG’s appliance manufacturing facility.

“The transportation, logistics and distribution industry in Northern Middle Tennessee is booming. This year alone, companies have committed to create approximately 2,000 new jobs while investing $185 million in the region. Shinhung Global USA has been a great partner to Montgomery County and has contributed to the $545 million invested in Tennessee by Korean companies since 2016. We are proud to work alongside this company as it expands its international footprint in Clarksville,” said TNECD Commissioner Bob Rolfe.

Share

Exclusive Research