Nexen Tire to build a second overseas factory in the Czech Republic

According to the Yonhap News Agency, South Korea's Nexen Tire announced that the company is currently reviewing multiple project options for the construction of a new factory in the Czech Republic.

Earlier this year, Nexen Tire announced a new order with Skoda, which will be supplied to the latter at the Mlada Boleslay plant in the Czech Republic. According to a source from Nexans Tire, orders from Skoda may be the reason why Nexans Tire is considering building a new factory in the Czech Republic.

Nexans is currently the only overseas factory outside of Korea, located in Qingdao, China, with a tire capacity of 10 million pieces/year; the company's tire production capacity in South Korea is 19 million pieces/year, and its domestic production capacity is expected to expand to 3,000 this year. Ten thousand/year.

"As with all tire manufacturers, Nexans also has long-term plans for expansion, which naturally includes the construction of new plants overseas," said an anonymous source, but he also pointed out that Nexen tire management has not yet clearly expressed In addition to the Czech Republic, the United States, Latin America, and Southeast Asia will all be candidates for the company's next overseas plant.

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