Nexen Tire
| Nexen Tire Corporation
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1942 |
| Seat |
Yangsan , South Korea 
|
| management | Travis Kang |
| Number of employees | 7000 (2014) |
| sales | EUR 1.1808 billion (2013) |
| Branch | tires |
| Website | www.nexentire.com |
The Nexen Tire Corporation (short: Nexen) is a listed South Korean group in the tire industry with headquarters in Yangsan , South Korea. The company employs around 7,000 people and exports tires to over 120 countries worldwide. In South Korea, Nexen Tire is one of the market leaders with a market share of around 20%.
history
First phase from 1942 to 1979
Nexen Tire Corporation was founded in 1942 as Heung-A Rubber Industry. As a result of the Korean War , the company was only able to produce the first Korean tire in August 1956. In March 1976, Nexen Tire was first listed on the Korean KRX stock exchange .
Second phase from 1980 to 1999
In January 1985, construction of the first factory for the mass production of radial tires began . From 1987 a technology cooperation with the French tire manufacturer Michelin followed . After only four years, this cooperation came to an abrupt end and the company now operated under the name Woosung Tire. After the end of the cooperation with Michelin, a technical cooperation with the Japanese company Outsu was agreed.
Third phase from 2000 to today
At the turn of the millennium, the company decided to change its strategy and at the same time proclaimed a new corporate identity . This change in company orientation resulted in today's company and brand name Nexen Tire. Therefore, the name Nexen for the company can be derived from the word sequence Nex t C en tury.
In 2003, the management Nexen Tires decided the production of bias tires give up. Investments in the production of so-called ultra-high-performance (UHP) and sport-utility vehicle ( SUV ) tires followed.
In 2005, the company Nexen Tire applied for a patent for the production of a rubber-layered silicate nanocomposite material as a new technology. In the same year, Nexen Tire America Inc. was founded.
At the beginning of 2006, Nexen Tire decided to set up a second production site. Construction of the second plant began in May of the same year with the groundbreaking ceremony in Qingdao , China .
In 2008 the company entered the European market.
In 2009, construction began on the third Nexen plant in South Korea. The plant in Changnyeong, Gyeongnam, invested 1.2 trillion South Korean won , which corresponds to about 810 million euros. The currently youngest Nexen Tire plant went into operation after around three years of construction. In order to increase the market presence and availability of Nexen products in Europe, the decision was made in the summer of 2014 to make a greenfield investment of around 829 million euros and to build the new plant in Žatec , Czech Republic .
Companies
In 2013 Nexen Tire achieved an annual turnover equivalent to 1.18 billion euros. The company, founded in 1942, has more than doubled its sales in the past five years.
As early as 2010, the company was producing around 30 million tires. With the announced expansion of Changyeong and the new building in Žatec, an annual capacity of 60 million tires is targeted.
Shareholder structure
| Name / owner | Shares in% |
|---|---|
| Nexen Corp. | 40.2 |
| Byung-Joong Kang | 20.74 |
| National Pension Service of Korea | 6.84 |
| Ho-chan Kang | 2.52 |
| Nexen Tire Corp. | 1.56 |
| Somerset Capital Management LLP | 1.4 |
| Norges Bank Investment Management | 0.34 |
| Dimensional Fund Advisors LP | 0.34 |
| PineBridge Investments Asia Ltd. | 0.33 |
| Nexen Tech Corp. | 0.31 |
Products
Nexen Tire mainly manufactures car and SUV tires for summer and winter.
Sports
Nexen Tire is the official partner of the Bundesliga club Eintracht Frankfurt and partner of the Premier League club Manchester City .
In addition, the company maintains partnerships with the Nexen Tire Motorsport Team and the Adrenalin Motorsport Team. Both teams regularly compete in the VLN endurance championship as well as in the 24-hour race at the Nürburgring .
Individual evidence
- ↑ a b Janzer, Till; Government concludes contract for third largest corporate investment in the Czech Republic, in: Radio Praha, http://www.radio.cz/de/rubrik/tagesecho/regierung-schliesst-vertrag-ueber-drittgroesste-firmeninvestition-in-tschechien , accessed on 16. July 2014
- ↑ a b Neue Reifenenzeitung - The largest companies in the tire industry, http://www.reifenpresse.de/zahlen-fotos/die-grosten-steller/ , accessed on July 16, 2014
- ↑ Archived copy ( memento of the original from April 26, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed July 17, 2014
- ↑ a b Archived copy ( memento of the original from November 15, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed July 16, 2014
- ↑ Archived copy ( Memento of the original from September 27, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed July 16, 2014
- ↑ Günnel, Thomas; Nexen opens tire plant in Korea, in: automotive industry; http://www.automobil-industrie.vogel.de/zulieferer/articles/369305/ , accessed on July 16, 2014
- ↑ Archived copy ( Memento of the original from September 27, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed July 17, 2014
- ↑ Rubber tires - Nexen Tire is building a new factory in Zatrec, http://www.gummibereifung.de/nachrichten/nexen-tire-baut-neue-fabrik-zatrec , accessed on July 17, 2014
- ^ Finances.net - Profile Nexen Tire; http://www.finanzen.net/unternehmensprofil/Nexen_Tire_2 , accessed on July 22, 2014
- ↑ Rubber tires - partnership between Nexen Tire and Eintracht Frankfurt, http://www.gummibereifung.de/nachrichten/part Partnerschaft- Zwischen-nexen-tire-und , accessed on July 22, 2014
- ↑ NEXEN TIRE & MANCITY. Retrieved May 18, 2017 (ko-KR).
- ↑ http://www.sportwagenzentrumeifel.de/motorsport.html , accessed on July 17, 2014
- ↑ http://www.adrenalin-motorsport.de , accessed on July 17, 2014
