Hankook Tyre UK signs up for new unit at Prologis Apex Park

Daventry, UK, 22 March – #hankook Tyre UK has signed an agreement with Prologis, the UK’s leading developer of logistics property, to provide a new build-to-suit unit at #prologisapexpark, in #Daventry.

Hankook Tire & Technology is one of the world’s leading tyre manufacturers and its UK subsidiary has used the location of #Daventry, including Apex Park, as its main distribution hub. The company has agreed terms to take DC9, a brand new, high spec unit comprising 357,221 sq. ft. on a 22-acre site on the park. Construction is scheduled to complete in early 2024.

Since entering the highly competitive UK tyre market in 1993, #hankook has been recognised as an industry leader – in product performance, innovation, productivity and sustainability. This new development forms part of the organisation’s plans to continue to grow its UK business.

Prologis Apex Park is part of a thriving employment area on the northern edge of #Daventry in Northamptonshire. The site, which sits within the logistics ‘golden triangle’ at the heart of the UK’s motorway and rail network, has convenient access to the A45, M1 and M45, as well as the rail freight facilities located at nearby Prologis RFI DIRFT. Other Prologis customers at Apex Park include Toolstation, JD Wetherspoon, Hellmann Logistics, Optima Logistics and Cummins.

Construction of DC9 at Apex Park for #hankook is another example of Prologis’s ability to offer customer-centric development with the unit size and specification tailored to meet Hankook’s requirements from the outset.

Chang Yool Han, Managing Director of #hankook Tyre UK, said: “Apex Park was the obvious choice for our growth as it meant we were able to provide continuity for our existing staff, and execute our growth in the utmost sustainable and ecofriendly manner plus it serves as an excellent central location for the UK market that we supply. We have been working with our advisors Drake & Partners and Excello Law for a significant period to understand our current and future requirements to grow the business and Prologis have also worked closely with us to accommodate what we need. Moving into DC9 is a significant step on our growth journey and we are looking forward to working with Prologis further”.

James Straw, Associate, Capital Deployment and Leasing at Prologis UK, said: “Hankook has been a customer of ours at Apex Park for a number of years and so it’s fantastic to be able to work with the business to provide a new state of the art logistics facility for their future growth and expansion. At Prologis we have a strong track record of delivering build to suit projects and are constantly looking at ways to improve our buildings. We are delighted to be delivering a building which will meet Hankook’s high expectations both operationally and from a sustainability perspective. Construction will soon be underway and like #hankook, we can’t wait to see DC9 come out of the ground.”

DC9 at #prologisapexpark is due to start imminently, with completion expected in early 2024.

Prologis were advised by ILP Partners, Cushman & Wakefield and Colliers. #hankook was advised by Drake & Partners.

About Hankook

Hankook Tire manufactures globally innovative, award-winning radial tyres of proven superior quality for passenger cars, light trucks, SUVs, RVs, trucks, and buses as well as motorsports (circuit racing/street circuits/rallies).

Aspiring to bring consumers the utmost excellence in product quality, technological excellence and driving satisfaction, #hankook Tire continuously invests in research and development maintaining five R&D centres and eight production facilities around the world. Bespoke tyre solutions for the European markets as well as European Original Equipment according to the requirements of leading premium car manufacturers, are developed in the company’s regional Technical Centre in Hanover/Germany. Production for the European region is taking place in the state-of-the-art manufacturing site in Rácalmás/Hungary which was inaugurated in June 2007 and is continuously being expanded. Currently around 3,000 employees produce up to 19 million tyres a year for passenger cars, SUVs and light trucks.

Hankook Tire’s European headquarters are located in Neu-Isenburg near Frankfurt am Main in Germany. The manufacturer operates further branches in several European countries and sells its products through regional distributors in other local markets. #hankook Tire employs approximately 20,000 people worldwide and are selling their products in over 160 countries. The company has been selected as the technical partner and exclusive tyre supplier of the Generation 3 for the FIA ABB Formula E World Championship, starting 2023. Internationally leading car manufacturers rely on tyres made by #hankook for their original equipment. Approximately 34 percent of the company's global sales are generated within the European and CIS-Region. #hankook Tire has been represented in the renowned Dow Jones Sustainability Index World (DJSI World) since 2016.

For more information, please visit www.hankooktire-mediacenter.com or www.hankooktire.com