Hanon Systems to Establish Operations in Loudon County
Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced Hanon Systems will establish a new manufacturing presence in Loudon, Tennessee.
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 Huntingdon Park.
Once ready, the Hanon Systems operation in Loudon will supply thermal solutions for electrified mobility to automakers serving the North America market.
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.
Since 2019, TNECD has supported more than 50 economic development projects in the East Tennessee region, resulting in approximately 6,600 job commitments and $1.8 billion in capital investment.
Source: State of TN ECD
The East Tennessee Economic Development Agency markets and recruits business for the 15 counties in the greater Knoxville-Oak Ridge region of East Tennessee. Visit www.eteda.org
Published August 1, 2023