Nexen distances itself from Czech Republic plant rumours

Nexen Tire will soon make a decision on where to build its new plant in Eastern Europe, and several international news reports point to the Korean tyre maker choosing the Czech Republic. Yet Nexen denies having selected the country, or indeed any particular location, as its preferred site. Responding to news published by Czech News Agency and media questioning, an unnamed company official made clear what Nexen has already decided upon – and what it hasn’t.

“It is true that the company is looking into Europe, the United States, Latin America and Southeast Asia as potential locations for an additional overseas factory, but it is merely a part of the company’s mid to long-term plans,” The Korea Herald shared on 6 March, quoting the aforementioned company official. “Hence, rumours of the Czech Republic being a strong candidate are false.”

Yonhap News Agency published comments from another unnamed Nexen source, suggesting that talk of the tyre maker opting for the Czech Republic may have been triggered by its recent original equipment agreement to supply tyres for the Škoda Octavia and Rapid, an arrangement it presently fulfils using N’blue tyres shipped from South Korea.