|Title Nexen Tire to Hold Opening Ceremony for its New Europe Plant in Czech Republic||Date2020-05-08|
Nexen Tire to Hold Opening Ceremony forits New Europe Plant in Czech Republic
- Nexen Tire to hold opening ceremony for its new Europemanufacturing plant in Zatec, Czech Republic on August 28, 2019
- Byung-Joong Kang, the Chairman and Travis Kang, the Global CEO ofNexen Tire to attend the ceremony to celebrate the
finalization of Nexen Tire’s4 major global R&D and production networks
(SEOUL, South Korea, August 5, 2019) – NexenTire, a leading global tire manufacturer, will be holding an official opening ceremony
of its Europe Plant in Zatec, Czech Republic. In line with the opening ceremonyof this new manufacturing plant, Nexen Tire will
propel its advance into theEuropean market.
To celebrate theopening of this new, high-end facility, Petr O?ko, the Czech Deputy Minister ofIndustry and Trade, Travis Kang,
the Global CEO and Byung-Joong Kang, the Chairmanof Nexen Tire will visit Zatec to attend the ceremony on August 28. Under
theslogan ‘The New Wave for the Future’, the opening ceremony will commemorate thenext stage of Nexen Tire’s global era
and celebrate the strengthening of theCzech-Korean business partnership.
Located within theTriangle Strategic Industrial Zone in Zatec, Nexen Tire Europe plant is 650,000square meters in size.
The company invested approximately one billion dollarson the facility, creating a technologically integrated manufacturing center
that can immediately apply the cutting-edge technologies of its global R&Dcenters. The plant has been operating since end of
April 2019 and celebratedthe shipment of first party of tires.
Nexen Tire has now finalizedits four major global R&D and production networks; THE NEXEN univerCITY,Central Research Institute in
Seoul, Korea, the Europe R&D Center, theNorth America R&D Center and the Europe plant in Zatec. The productioncapacity of the
Europe plant is 3 million in 2019 and is expected to increaseto 11 million by 2022. Through the expansion of its production capacity,
NexenTire plans to strengthen its global presence, further establishing itself in theEuropean market.
Travis Kang, theGlobal CEO of Nexen Tire stated, “With the opening of the Europe Plant, NexenTire plans to develop, produce and
distribute products customized for theEuropean market,” adding “With the completion of our four global institutions,Nexen Tire
will be presenting products for suited for our global customers,especially in Europe.”
About Nexen Tire
Nexen Tire, established in 1942, is aglobal tire manufacturer headquartered in South Korea. Nexen Tire, one of theworld’s fastest growing tire
manufacturers, works with more than 500 dealersbased in 137 countries around the world (as of May 2019) and owns fourmanufacturing plants
– two in Korea (Yangsan and Changnyeong) and one inQingdao, China. Another plant in ?atec, Czech Republic has also begun operationin 2019.
Nexen Tire produces tires for passenger cars, SUVs, and light truckswith advanced technology and excellence in design. The company also focuses
onproducing UHP tires, which are based on advanced technologies. Nexen Tiresupplies OE tires to global car makers in various countries around
the world.In 2014, the company achieved a grand slam of the world‘s top 4 design awardsfor the first time amongst the various tire makers in