South Korean company bringing 600 new jobs to Loudon County
Once ready, the Hanon Systems operation in Loudon will supply thermal solutions for electrified mobility to automakers serving the North America market.
South Korea-based company Hanon Systems will establish a new manufacturing presence in nearby Loudon. Tennessee Governor Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter made the announcement Tuesday.
Hanon Systems will invest nearly $170 million and create 600 new jobs in Loudon County as the company establishes operations in a new facility in Huntington Park.
Once ready, the Hanon Systems operation in Loudon will supply thermal solutions for electrified mobility to automakers serving the North America market.
“The City of Loudon is very excited to be partnering with a well-established South Korean company that will help position us into a competitive position by providing quality electric vehicle component parts to the original equipment manufacturer (OEM) marketplace,” said Loudon Mayor Jeff Harris. “This partnership will also help strengthen the Loudon County job market by providing additional skilled trade positions to our growing workforce opportunities.”
Headquartered in South Korea for more than three decades, Hanon Systems is a leading supplier of thermal and energy management solutions for the automotive industry. Its offering includes heating ventilation and air conditioning; powertrain cooling; compressor; fluid transport; and electronics and fluid pressure. Today, Hanon Systems employs more than 22,000 people across 21 countries.
“Loudon County is very excited about an international company of Hanon Systems’ caliber locating here,” said Loudon County Mayor Buddy Bradshaw. “The number and the quality of jobs they are bringing will improve the job market landscape not just locally but regionally. They are bringing a nearly $170 million capital investment and a pay scale that will establish them quickly in the community. I am very excited and anxious to see this partnership flourish and look forward to all that Hanon Systems will bring to the Loudon County community.”
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