Nexen Tire to Hold Opening Ceremony for New Plant in Czech Republic - Tire Review Magazine

Nexen Tire to Hold Opening Ceremony for New Plant in Czech Republic

Located in northwestern Czech Republic, Nexen Tire's Europe plant will have its grand opening ceremony at the end of August.

Nexenlogo-600x300

Nexen Tire will hold an official opening ceremony of its Europe plant in Zatec, Czech Republic on Aug. 28.

Located within the Triangle Strategic Industrial Zone in Zatec, the Nexen Tire Europe plant is 650,000 square meters (7 million sq. ft.) in size. The company invested approximately $1 billion into the facility. The plant has been operating since end of April 2019 and celebrated the shipment of first party of tires.

Nexen Tire has now finalized its four major global R&D and production networks; THE NEXEN univerCITY, Central Research Institute in Seoul, Korea, the Europe R&D Center, the North America R&D Center and the Europe plant in Zatec. The expected production capacity of Nexen’s European plant is 3 million tires in 2019 and is expected to increase to 11 million by 2022.

To celebrate the opening of this new facility, Petr Očko, the Czech Deputy Minister of Industry and Trade, Travis Kang, the Global CEO and Byung-Joong Kang, the Chairman of Nexen Tire, will visit Zatec to attend the ceremony. Under the slogan ‘The New Wave for the Future,’ the opening ceremony will commemorate the next stage of Nexen Tire’s global era and celebrate the strengthening of the Czech-Korean business partnership, Nexen says.

You May Also Like

Hankook Tire debuts Great Catch Rebate through July 7

Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

2024-Great-Catch-Rebate-1400

Hankook Tire has announced its first consumer promotion of the year, the Great Catch Rebate, running now through July 7. Twelve of Hankook’s EV, passenger, light truck and SUV tires headline this promotion. Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

GT Radial Formula Drift team welcomes 14-year-old driver

Minowa, who will be the newest and youngest driver in the Formula Drift 2024 pro season, will be debuting with Team Jerry Yang Racing.

GT-Radial-FD-Driver-Hiroya-Minowa
TIA is now accepting nominations for open board of directors positions

The newly-elected board members will serve three-year terms with the potential for re-election to two additional terms.

OTR-Conf---DIck-Gust-1400
Professional race car driver to compete on Bridgestone Potenza RE-71RS tires

Tom O’Gorman will compete on Bridgestone Potenza RE-71RS tires in the World Racing League Grand Touring Over class during the 2024 season.

Kumho Tire becomes an Official Tire of Formula DRIFT

As part of the sponsorship, Kumho Tire will receive a significant footprint at each of the eight Formula DRIFT events in the 2024 series, including track signage and activation during race weekends.

Kumho_Tire_USA_Formula-DRIFT-sponsorship-1400

Other Posts

Discount Tire acquires six Suburban Tire Auto Repair Centers

The six locations in the Chicago area will continue to operate under the Suburban Tire Auto Repair Centers brand name.

Suburban-Tire-Discount-Tire
Sun Auto Tire & Service expands Texas store count

The company has acquired Carrollton Complete Automotive, which offers a range of automotive services.

Sun-Auto-Carrollton
Yokohama Rubber to supply its BluEarth-XT AE61 as OE on Toyota’s Yaris Cross

Yokohama Rubber said the BluEarth-XT AE61 is a summer tire developed specifically for use on crossover urban SUVs.

Yokohama-BluEarth-OE
AACF launches anniversary fundraising initiative

Running through July 1, this campaign aims to raise $65,000 through 1,000 donations of $65 each.

AACF-65th-logo