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Nexen folds German and Italian tyre subsidiaries into Czech operation

Author: Chris Anthony Comments: 0
37% of Nexen Tire’s sales were generated in Europe (Photo: Stephen Goodchild / Tyre Industry Publications Ltd)

Nexen Tire is consolidating its three European entities (that is Czech Republic manufacturing and sales operation as well as its German sales and marketing led business plus its Italian mainly sales and marketing subsidiary) into a single Czech corporation. Business Korea reports that this initiative aims to “streamline business operations by centralizing dispersed bases within Europe”. Tyrepress.com’s sister titles in Germany and Italy (reifenpresse.de and pneusnews.it) have sought clarification and comment from the respective Nexen subsidiaries.

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