News from Notch Consulting, Inc.

April 16, 2019

Nexen to begin trial production at Czech tire plant

Filed under: Tires — Tags: — Notch @ 8:49 am

Nexen Tire Europe is ready to begin trial production at its $1 billion greenfield tire plant in Zatec in northeastern Czech Republic, pending permission from “appropriate authorities.”

Nexen broke ground on the project in October 2015. Start-up of the first phase of the factory, producing roughly 15,000 units a day, was scheduled for 2018. Nexen plans to increase the plant’s production capacity gradually to over 12 million units a year.

Zatec is Nexen’s second tire plant outside Korea; the other is in Qingdao, China.

Reference article found here.

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