Nexen confirms Czech Republic factory details

Byung-Joong Kang, chairman of Nexen Tyre Corporation and Bohuslav Sobotka, Prime Minister of Czech Republic

Nexen Tire has officially confirmed that it is building a new plant in Zatec, Czech Republic with the stated aims of developing its European foothold and expanding its global production base. The company also confirmed that the project will cost 1.2 trillion Korean won, approximately 829 million euros, bringing some clarity to reports that have also suggested a US$1.17 billion pricetag.

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