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You are here: Home1 / Zatec

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Nexen Tire expanding in Europe – milestones reached

Company News
NRZ/Arno Borchers

Much has changed at Nexen Tire of late, a phenomenon particularly noticeable within the South Korean tyre maker’s European operation. In the past two years, the company has set up a new production facility in the Czech Republic and a European headquarters in Germany as part of its ‘Global Nexen’ strategy. This expansion is occurring parallel to similar growth in Korea and the USA.

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Related news:

  1. 3 more years: Nexen Tire extends Eintracht Frankfurt sponsorship
  2. Nexen confirms Czech Republic factory details
  3. Nexen set to begin trial production at new Czech tyre plant
  4. Nexen Tire inaugurates European plant
27th August 2020/by Arno Borchers

Nexen confirms Czech Republic factory details

Company News, International News, Premium

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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Related news:

  1. Nexen gearing up for greater European presence
  2. Nexen investing US$800 million in new Czech Republic tyre factory
  3. Nexen appoints Seung-Do Jin as new European president
  4. Nexen set to begin trial production at new Czech tyre plant
30th June 2014/by Tyrepress Editors
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