Nexen Tire has opened its new European tyre plant in Žatec, in the Czech Republic.
The company invested about $AU1 billion in the new plant and its access to Europe’s largest markets such as Germany, France and the United Kingdom will make it a ‘great production base’ Nexen says.
As of August 2019, the factory had around 850 employees. By 2022, Nexen plans to employ approximately 1,300 employees. It is expected that the plant will be manufacturing 11 million units a year by 2022.
“Recognising the importance of being closer to our customers, we have established a production base to respond to their needs in a more prompt and flexible way”, said Travis Kang, the Global CEO of Nexen Tire. “The opening of the Europe plant will see an increase in Nexen Tire’s global production capacity, going beyond the challenges and making big steps in the global tyre industry.”