Zatec – Tires & Parts News https://tiresandparts.net Your News Source for Everything Automotive Tue, 24 Nov 2020 12:09:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.11 Nexen Tire Inaugurates Zatec Plant https://tiresandparts.net/news/tires/nexen-tire-inaugurates-zatec-plant/ https://tiresandparts.net/news/tires/nexen-tire-inaugurates-zatec-plant/#respond Wed, 11 Sep 2019 11:09:46 +0000 https://tiresandparts.net/?p=28655 Nexen Tire organized a grand event to mark the official opening of its new factory in Zatec, Czech Republic. The Zatec plant is the company’s second factory that is located outside Korea and had commenced operations in April 2019. The event was attended by over 300 guests, including eminent dignitaries and senior Nexen officials like […]

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Nexen Tire organized a grand event to mark the official opening of its new factory in Zatec, Czech Republic. The Zatec plant is the company’s second factory that is located outside Korea and had commenced operations in April 2019.

The event was attended by over 300 guests, including eminent dignitaries and senior Nexen officials like the company’s global CEO, Travis Kang; Petr Ocko, deputy minister of industry and trade of the Czech Republic; Oldrich Bubenicek, governor of the Usti nad Labem region; Moon Seoung-hyun, ambassador of South Korea to the Czech Republic; Zadetz Zdenka Hamousova, Zatec’s mayor as well as members of the local press, the company’s business partners construction staff and employees.

Speaking at the ceremony Travis Kang, global CEO of Nexen Tire said that the opening of the factory in Europe will help Nexen Tire to boost its efficiency and respond faster to the needs of auto makers based in Europe. He said that Nexen recognized the importance of  being closer to its customers and thus set up a production base that would make it possible to respond to their needs in a faster and more flexible manner.

He added, “As Korea’s leading manufacturer with a 77-year history of knowledge and technology in the tire industry, we plan to increase global production capacity, going beyond the challenges and making big steps in the global tire industry.”

After the ribbon-cutting ceremony, the guests who attended the event toured the plant and were introduced to the smart factory concept, which is expected to lead to zero defects in production.

The factory will make it possible for Nexen to gain access to Europe’s largest markets including Germany, France and the UK.

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Nexen Tire to Start Production at Czech Factory in August https://tiresandparts.net/news/tires/nexen-tire-to-start-production-at-czech-factory-in-august/ https://tiresandparts.net/news/tires/nexen-tire-to-start-production-at-czech-factory-in-august/#respond Wed, 24 Jul 2019 14:03:01 +0000 https://tiresandparts.net/?p=28271 Korean tire manufacturer, Nexen Tire Corp. is all set to enter the list of the ten top tire manufacturers in the world. The company’s new plant in Zatec, in the Czech Republic is slated to start mass production in August and will increase its production capacity by three million tires. With the contribution from this […]

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Korean tire manufacturer, Nexen Tire Corp. is all set to enter the list of the ten top tire manufacturers in the world. The company’s new plant in Zatec, in the Czech Republic is slated to start mass production in August and will increase its production capacity by three million tires. With the contribution from this plant, Nexen Tire is expected to have an annual production that exceeds 50 million tires by 2025.

Nexen Tire plans to formally open the new tire factory in Zatec on August 28. The plant was initially scheduled to open in early 2018 but due to the decline in demand for automobiles in Europe and the consequent decrease in demand for tires, Nexen had to postpone its plans. Tehre was also delay in getting the necessary permissions from the Czech government. The plant had begun test production of tires in April.

The plant covers 650,000 square meters of land at the Triangle industrial zone in Zatec, It is located 70 kilometers northwest of the Czech republic’s capital city of Prague. Once it reaches its full capacity, the factory is expected to produce 16,000 tires every day, or 3 million tires on an annual basis. Over time the company plans to ramp up this capacity to 11 million units annually by 2022 and 12 million units by 2023.

Currently, Nexen is the 20th biggest producer of tires with an output of 40 million tires every year and if it increases this to 52 million tires by 2025, it would join the ranks of the top ten tire manufacturers.

The company would be investing an amount of USD 1 billion for the construction and expansion of its plant in Zatec, which is close to the factories of 30 leading automakers.

Currently, Nexen Tire has OE supply agreements with Volkswagen, Porsche, Fiat, Skoda as well as Hyundai and Kia in Europe. The company expects the output from the new plant to help it secure new OE fitments form premium brands like Mercedes-Benz and Audi.

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