South Korea-based Shinhung Global USA Builds Clarksville, Tennessee, Distribution Center
09/09/2021
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.
Project Announcements
Northern Ireland-Based Almac Group Expands Souderton, Pennsylvania, U.S. Headquarters
08/16/2022
STOBER Drives Expands Maysville, Kentucky, Manufacturing Complex
08/15/2022
Duluth Trading Company Plans Adairsville, Georgia, Distribution-Fulfillment Center
08/12/2022
Oldcastle APG Establishes Suffolk, Virginia, Manufacturing Complex
08/12/2022
Milwaukee Tool Opens West Bend, Wisconsin, Manufacturing Plant
08/12/2022
LP Building Solutions Expands Sagola Township, Michigan, Operations Complex
08/12/2022
Most Read
-
In Focus: “Golden Age” of Spec Development
Q3 2022
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
Explosive Growth of Life Sciences Sector Comes with Challenges
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Using Robust Project Controls to Enhance Project Management
Q3 2022