Dunlop riders claimed wins and podiums across the board at the FIM Motocross World Championship Czech Republic grand prix, with Italy’s Kiara Fontanesi claiming the Women’s title on her Yamaha. Dunlop’s Geomax MX32 medium terrain tyres helped the Dunlop riders with five finishing in the MXGP top-ten.
The European Commission has approved regional investment of almost €117million for the passenger car tyre factory Nexen Tire intends to build in the Czech Republic. The Commission found the aid that government trade agency CzechInvest offered Nexen for the facility in Žatec is compatible with EU state aid rules, and deemed it will promote regional development without unduly distorting competition in the internal market.
In 2018, Nexen Tire’s new 1.2 trillion Korean won (£705 million) tyre factory in the Czech Republic will enter operation. The tyre maker confirmed the project in June 2014 and says the facility it is building in Zatec will be “one of the most cutting-edge and eco-friendly plants in the world.”
Some nine months after his government signed a Memorandum of Understanding with Nexen Tyre on the construction of a new factory, Czech Republic Prime Minister Bohuslav Sobotka visited Nexen Tyre’s Changnyeong plant during an official state visit to South Korea. “We are pleased to welcome Prime Minister Bohuslav Sobotka to Nexen Tyre,” stated Nexen Tyre chairman Kang Byung-Joong during today’s plant inspection. “We look forward to further cementing our partnership with the Czech government and to set up the best tyre manufacturing facility with advanced technology in Europe.”
Vipal reports that its rubber is supplying a number of public sector fleets in two European capitals – Istanbul, Turkey and Prague, Czech Republic. Vipal suggests that this success points to both confidence in the Brazilian manufactured products and the compatibility of retreading with sustainability policies.
Earlier this year it announced plans to invest around £690 million to build a new 12 million tyre per annum factory, and now Nexen Tire has further strengthened its relationship with the Czech Republic by signing up as a sponsor for ice hockey team BK Mladá Boleslav. The agreement covers the 2014/2015 and 2015/2016 seasons and will give the tyre maker brand exposure in the stadium at home games and on player equipment, including helmets.
Repsol Honda’s Dani Pedrosa took his first win of the MotoGP season at Brno, setting a new circuit record lap of 1:56.027. The Czech Republic grand prix was the fastest ever race to take part at the Automotodrom Brno, with Pedrosa’s total race time being three seconds quicker than the existing record time set at […]
Another sign that Mitas is looking ahead to the day when it relinquishes the license agreement for Continental-brand agricultural tyres can be seen in the Czech Republic-based tyre maker’s decision to solely market its newest Super Flexion Tyre (SFT) range in Europe under the Mitas brand name. The six Mitas SFT sizes previewed at last November’s Agritechnica show – 900/60R42, 710/60R34, 650/60R34, 710/65R46, 750/65R26, 580/85R42 – go on sale this month and three further dimensions – 620/75R26, 1050/50R25, 1250/50R32 – will enter the market later in 2014.
Nexen Tire has officially confirmed that it is building a new plant in Zatec, Czech Republic with the stated aims of developing its European foothold and expanding its global production base. The company also confirmed that the project will cost 1.2 trillion Korean won, approximately 829 million euros, bringing some clarity to reports that have also suggested a US$1.17 billion pricetag.
A lot has been going on at Nexen this year. Much of this activity has been taking place within the European market. And more still was going on during the weeks before, during and after the Essen Show.
Less than two weeks before the exhibition opened the company highlighted its recent progress with first quarter results punching above the company’s weight. During the exhibition the company was ostensibly there to display examples from its range and launch three new products – the N’blue HD Plus, Winguard SnowG and Winguard WT1(see textbox for more about what was actually presented in Essen). But it quickly transpired that there is more than this going on.
Following Tyres & Accessories’ reporting of Nexen Tire Corp’s decision to build a greenfield tyre production plant in the Czech Republic back in March 2014, the company has signed a deal with the Czech government. On 27 June the Korean Yonhap news agency reported that tyre company negotiated a 1.2 trillion won (US$1.17 billion) to build the factory. The specific number here is significant because the details issued to T&A in March only referred to investment of $800 million dollars.
On 16 June the Czech Republic government endorsed one of the largest investments made in the country in the last few years; The Czech cabinet approved Nexen Tire’s plan to invest Kc 22.8 billion (£663.8 million) to build a factory in the Ústí nad Labem region of Bohemia. According to the Czech government, the project will create around 1,000 jobs.
Ask many Subaru owners if they’re familiar with Fuji Heavy Industries and you’ll receive a negative response, even though one of the company’s products is parked in the driveway. Czech Republic-based tyre maker Mitas has faced a similar situation in recent years. Even though the off-road specialist’s share of the European agricultural tyre market (not counting imports from outside Europe) is said to be around 35 per cent, recognition of the Mitas name doesn’t necessarily reflect this. The company now intends to change this state of affairs, and the percentage of tyres it produces under the Mitas brand name is set to markedly increase over the coming five years.
Hyundai Motor has sold six million cars to European customers since the company began sales in the region in 1977. It took the company 19 years to sell its first million cars in the region. Since then it has taken less time to reach each subsequent milestone, with the latest one million cars sold in just over two years.
After weeks of speculation South Korean tyre manufacturer Nexen Tire has confirmed that it is investing US$800 million in the construction of a new tyre factory in the city of Nošovice, in the east of the Czech Republic.
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