Top 10 Goal Spurs Nexen Growth
The Heung-A Tire Co. was established in 1942 in what is now South Korea, and became that country’s very first tire manufacturer. The name today is Nexen Tire Corp., a Korean derivative of “next” and “century,” which constantly points the company in one direction – forward. With a marked goal of becoming a global Top
With Top 10 Goal, What’s Nexen’s Next Move?
Nexen Tire Corp. has made no secret of its primary goal – be in the global top 10 among tiremakers by 2017 – and now it appears its growth trajectory is keeping pace with its bold ambitions. Currently the world’s 23rd largest tire and rubber company with 2013 revenues of $1.58 billion, Nexen is a
After Spurt, K&M Shifts Focus to Improve
Back in 1970, Ken Langhals never dreamed that one day he would be hosting a dinner for 600 people. The early years, he’ll recall, were about hand-to-mouth survival. Now he puts food on the table for some 400 employees. K&M Tire’s focus today is on “continuous improvement of planning, product, service and marketing” to provide
Tire Tariffs and Other Ways to Kill Retail Tire Sales
September is coming, as does the question: "What’s going to happen with the China tariff?" Specifically, people want to know what will become of the punitive added tariff that has impacted all U.S. consumer tire pricing for the last three years. The Obama Administration, in an obvious move to placate the USW – though it
Bauer Built Acquires Walker Tire’s Commercial Division
Durand, Wisc.-based Bauer Built Inc. has acquired the commercial division of Walker Tire and Auto Service, located in Omaha, Neb., effective Jan. 20, 2012. The acquisition is the result of an ongoing effort by Bauer Built to expand its existing operations as part of the company’s overall growth plan and improve its presence in the
Round World, Flat
One of the problems with trying to cover the global tire industry is the shaky nature of news resources. Sure, we get a tremendous amount of reliable news from our partners at Tyres & Accessories in Europe and other tire publication friends in the four corners of the world. But we also scan other media
Smaller Demand: With Vehicle Downsizing, Large Wheels Are Tough to Sell
A few years ago, you could buy a 20-inch chrome-plated wheel from China for $125. Now that the Chinese government has reduced or removed subsidies to those wheel manufacturers and the U.S. dollar has lost value, those days are about gone. This article was planned a year ago, but I had no idea how much
City’s Reserves Might Help Fund Tire Plant
(Macon Telegraph) A Macon City Council Committee on Mar. 17 agreed to a request that the city chip in $250,000 to the incentive package that has been lined up for Kumho Tire USA.
Sentaida International Acquires ZT Wholesale
(Staffordshire, U.K./Tyres & Accessories) The Zisser Tire Co. has entered into an agreement with Sentaida International for the purchase of the Zisser Tire Wholesale operation.
Tyrexpo Asia Continues to Grow Despite Clash of Dates
(Staffordshire, U.K./Tyres & Accessories) The sixth Tyrexpo Asia, held in Singapore in September, left no hint of a doubt as to the importance of the regional tyre market and of the show itself in comparison with other regions and events.