Nexen to Increase Prices 1 July
(Akron/Tire Review) Nexen Tire America Inc. said it will boost prices on all of its replacement passenger and light truck/SUV tyres sold in the U.S. by up to 5 per cent. The increases will take effect on 1 July.
Tag Archive for: Nexen
Lexani, Nexen and Zisser Tire Jointly to Market New UHP Brand
Product NewsLexani Wheel Corp has moved into the tyre business, collaborating with South Korean manufacturer Nexen and distributor Zisser Tire. The ceremonial signing of the collaboration took place 20 January 2006 in Irvine, California. Zisser will market the tyres exclusively, worldwide.
Deldo’s Increasing Exclusive Brand Winter Sales
Product NewsSales of exclusive brands are on the up, Belgian wholesale Deldo has reported. According to the company, its Eurowin, Wanli and Sunny brands make all the difference when it comes to winter sales. This year Deldo says it has increased its capacity of Nexen-produced brand Eurowin up to 550,000 tyres. Furthermore the company claims to have sold approximately half a million already, with over 60 per cent being delivered in the last three months. As far as the South China Tire Company-produced Wanli and Sunny brands are concerned, Deldo reports that stocks of Wanli have already sold out, with only five per cent of its Sunny tyres left.
Federal and Nexen Announce Price Increases
Product NewsFederal and Nexen have announced price increases of up to five and 7 per cent respectively. Federal explained that some the announced price increases already took effect on the 1 April 2005.
Raw material price increases, rising energy and fuel costs, higher transportation costs as well currency appreciation have been cited as reasons for the price hike.
According to Federal, “the present price increase does not fully absorb and reflect its increase in costs.” The company has yet to decided whether or not there will be further price increases in the third quarter.
Stapletons Extends Jupiter/Nexen Distribution
Product NewsStapletons has announced that it will extend the distribution of Jupiter/Nexen tyres. The company exclusively distributes the South Korean ultra-high performance tyres, which are available in more than .”
Strike At Cord Manufacturer Affects Korean Manufacturers
NewsThe largest supplier of tyre cord in Korea, Hyosung Corporation, is currently suffering a strike. The country’s three tyre manufacturers, Hankook, Kumho and Nexen, have all expressed concern if the strike is prolonged. To obtain sufficient supplies of tyre reinforcing materials, the companies have been talking to Kolon Industries, the second largest supplier of these materials, and are also investigating the possibility of sourcing outside Korea.
Woosung change of name
Product NewsAt a special ceremony in Seoul, Korea, Woosung Tire Corporation has now announced that from 10th February they would be known as Nexen Tire Corporation. The company’s new corporate identity will be made public in the near future.
