-Nexen Tire to hold opening ceremony for its new Europe manufacturing plant in 
Zatec, Czech Republic on August 28, 2019  
-Byung-Joong Kang, the Chairman, and Travis Kang, the Global CEO of Nexen Tire, 
to attend the ceremony to celebrate the finalization of Nexen Tire's 4 major 
global R&D and production networks 


Nexen Tire, a leading global tire manufacturer, will be holding an official 
opening ceremony of its Europe Plant in Zatec, Czech Republic. In line with the 
opening ceremony of this new manufacturing plant, Nexen Tire will propel its 
advance into the European market. 

Photo - https://photos.prnasia.com/prnh/20190805/2543168-1
(Caption: Nexen Tire to Hold Opening Ceremony for its New Europe Plant in Czech 
Republic)

To celebrate the opening of this new, high-end facility, Petr Ocko, 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 on August 28. 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. 

Located within the Triangle Strategic Industrial Zone in Zatec, the Nexen Tire 
Europe plant is 650,000 square meters in size. The company invested 
approximately one billion dollars on the facility, creating a technologically 
integrated manufacturing center that can immediately apply the cutting-edge 
technologies of its global R&D centers. The plant has been operating since the 
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 
production capacity of the Europe plant is 3 million in 2019 and is expected to 
increase to 11 million by 2022. Through the expansion of its production 
capacity, Nexen Tire plans to strengthen its global presence, further 
establishing itself in the European market. 

Travis Kang, the Global CEO of Nexen Tire, stated, "With the opening of the 
Europe Plant, Nexen Tire plans to develop, produce and distribute products 
customized for the European market," adding "With the completion of our four 
global institutions, Nexen Tire will be presenting products for suited for our 
global customers, especially in Europe." 

About Nexen Tire

Nexen Tire, established in 1942, is a global tire manufacturer headquartered in 
South Korea. Nexen Tire, one of the world's fastest growing tire manufacturers, 
works with more than 500 dealers based in 137 countries around the world (as of 
May 2019) and owns four manufacturing plants - two in Korea (Yangsan and 
Changnyeong) and one in Qingdao, China. Another plant in Zatec, Czech Republic 
has also begun operation in 2019. Nexen Tire produces tires for passenger cars, 
SUVs, and light trucks with advanced technology and excellence in design. The 
company also focuses on producing UHP tires, which are based on advanced 
technologies. Nexen Tire supplies OE tires to global car makers in various 
countries around the world. In 2014, the company achieved a grand slam of the 
world's top 4 design awards for the first time amongst the various tire makers 
in the world. For more information, please visit http://www.nexentire.com.



SOURCE: Nexen Tire

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   Caption:  	Nexen Tire to Hold Opening Ceremony for its New Europe Plant in 
Czech Republic