Nexen Tire will be holding an official opening ceremony of its Europe Plant in Zatec, Czech Republic. 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.”
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.