Nexen Tire plans to break ground on its latest plant in Zatec, Czech Republic, on Oct.1, 2015.
The European Commission approved a €117million investment for Nexen Tire Corp. to build a factory in the Czech Republic in July this year.
The Žatec plant is expected to be built by 2018 with a total investment of €769 million and will have a capacity of 12 million units.