Analysts Expect 1 trillion Won in Sales for Nexen
Nexen Tire shares went up over 6% July 21 after analysts at Hyundai Securities raised their “fair value” price 25% from 8,000 to 10,000 won.
Nexen Adds Sales Manager
Nexen Tire USA has hired industry veteran Keith Elledge as south central territory sales manager.
Nexen Promotes Tolbert
Nexen Tire America has promoted Chris Tolbert to regional director.
Nexen Adjusting Pricing
Nexen Tire America Inc. is adjusting prices on its passenger and light/SUV truck tires.
Nexen Goes Nano
On May 1, Nexen Tire Corp. opened a branch office in Germany (Nexen Tyre Europe GmbH) and is reportedly in the process of scouting tyre specialists with more than 20 years experience to enhance the company’s marketing in Germany.
Nexen Adds New UHP Sizes
Nexen Tire is releasing 9 new sizes to its UHP lineup in the company’s N7000 and N3000 treads.
Korean Tiremaker Hiking Prices Again
Reports say that Nexen Tire America Inc. will increases prices on all of its tire lines by 7% effective Apr. 1.
Nexen to Add R&D Facility Here
South Korea’s Nexen Tire plans to open an engineering research and development facility in northeast Ohio, likely somewhere in the Akron area.
Nexen Sets Price Increase
Due to increases in raw materials and freight cost, Nexen Tire America said it will increase its prices as of Jan. 1, 2008.
Tolbert Added to Nexen Roster
(Akron/Tire Review) Nexen Tire America has hired Chris Tolbert as its new northeast regional manager.