Nexen’s Qingdao Plant to Start Production in December
Speaking to Tyres & Accessories, Korean manufacturer Nexen has confirmed that the first phase of building work on its £87 million ($170 million) factory has been completed and the first tyres are due to roll off the production line in December 2007. Initially the plant will produce 2 million units per annum and will reach full production capacity by 2009. Construction of the company’s new R&D centre is expected to be completed at the beginning of 2008.