Hankook Tire reported it has completed the third phase of expansion at its plant in Racalmas, Hungary, two months ahead of schedule.
The 313 million euro expansion, which created 950 additional jobs, will boost the plant’s annual production capacity to 19 million tires. It also allowed for the addition of more premium brands as business partners for the facility, including Audi, BMW, Daimler and Porsche.
The plantʼs more than 3,300 workers now make almost 500 different types of tires, according to a report in the Budapest Business Journal.