New plant to facilitate Nexen’s global OE plans
Nexen Tire’s new factory in Changnyeong, South Korea has entered service, and according to Joo-Ho Song, senior managing director, global marketing at Nexen, the facility will play a key role in the tyre maker’s ambitious plans. Output at Changnyeong will initially be a modest 3 million units in 2012 and will build up, aided by five planned further factory expansions, to 21 million units – 60,000 tyres a day – by 2018. By that date, Nexen says it will have invested a total of 1,200 billion won (£650 million) in the plant.