Michelin-Nexen Talks? Yes, No, Maybe
Chalk it up to two companies agreeing to disagree – maybe. There are now conflicting reports – even from the same media source – regarding rumors that Groupe Michelin and Nexen Tire Corp. are considering a "cooperative arrangement" of some type. One side claims Michelin has denied that it is in discussion with Nexen, while
Are Nexen and Michelin Courting?
According to reports from Asia, shares in Nexen Tire Corp. surged dramatically after the tiremaker said it had considered a "cooperative arrangement" with Groupe Michelin. Nexen stock prices rose 11% yesterday, Reuters reported. Nexen apparently offered no details about the "arrangement" or even if such is still being considered. Earlier this week, Michelin sold its
Live at SEMA: Nexen Unveils N’blue Eco
The N’blue Eco offers low rolling resistance, a lightweight design and a long-lasting tread compound to give drivers more miles.
Nexen Supports Breast Cancer Awareness Campaign in S. Korea
Nexen Tyre Corp. is supporting the "Pink Ribbon" international campaign against breast cancer in South Korea for the first time.The tiremaker said it wants to increase awareness of the illness and highlight the importance of regular check-ups. The first part of Nexen’s support saw the company distribute free tickets to a baseball game featuring the
Nexen China Growth Pushed by OE Success
Over the past couple of years, South Korea’s Nexen Tire Co. has enjoyed a growth rate of more than 200% in China, and the tiremaker expects this year’s results to be no different. The main reason for the positive appraisal is the numerous OE supply agreements the company recently finalized in China. Since the start
Sellin’ Tires is Easy With Today’s Prices!
Dealers are certainly a bunch of complainers. All I ever hear any more is "Price increase this…" and "Price increase that…" It was as though their suppliers were trying to cut into their business or something! So there have been a few price hikes along the way. Bumps in the road, I say. It’s not
Nexen Gets Key Export Certification
Nexen Tire has become the first South Korean tire manufacturer to be issued with an AEO (Authorized Economic Operator) certificate by the South Korea Customs Service. AEO certification, the tiremaker explained, allows for faster and more secure customs checks. This document complements the FTA certificate, which documents the place of origin of exported products, received
Nexen Opens European Technical Center
Nexen Tyre opened a technical center in vicinity of Frankfurt, Germany, in March, and wants the Nexen Europe Technical Center to be Europe and South Korea’s interface for Nexen’s engineering development.
Nexen Promotes Aben to Senior VP
Nexen Tire America Inc. promoted John Aben to senior vice president of sales and marketing from his former role as vice president of sales and marketing. The tiremaker said it is “confident that Mr. Aben will meet the new responsibilities that accompany the position of senior vice president with the same level of enthusiasm and
Nexen Joins Price Parade
Nexen Tire America is hiking prices on all of its tires sold in the U.S. and Canada by up to 8%. The increase is slated to kick in as of Apr. 1.