The European Commission has approved a €71.6 million (HUF 28 billion) state aid measure from Hungary to support Hankook Tire & Technology Co. Ltd. in expanding its manufacturing operations in the country.
New TBR Plant
The funding will support Hankook in establishing a new truck and bus radial (TBR) tyre production line in the Central Transdanubia region. The project, with a total investment value of €538 million, will diversify Hankook’s existing plant in Fejér County, which currently focuses on tyres for passenger cars and light trucks.
The state aid will be provided as a direc...
New TBR Plant
The funding will support Hankook in establishing a new truck and bus radial (TBR) tyre production line in the Central Transdanubia region. The project, with a total investment value of €538 million, will diversify Hankook’s existing plant in Fejér County, which currently focuses on tyres for passenger cars and light trucks.
The state aid will be provided as a direc...
