CLOs on the Move

Established in 1942 under the name Heung-A Tire Company, Nexen Tire Co. is proud to have served the tire industry for the past 71 years. We were recognized in 1956 as the first Korean tire company. In 1985, we dedicated our facility in Yangsan, Korea, to the production of radial tires. 6 years afterwards, in alliance with OHTSU Tire & Rubber in Japan, we sharpened and honed our development and manufacturing capabilities. In an effort to reflect our dedication to quality and continued leadership, we changed the company name in 2000 from Woosung Tire to Nexen Tire Corporation. The name Nexen ...

Established in 1942 under the name Heung-A Tire Company, Nexen Tire Co. is proud to have served the tire industry for the past 71 years. We were recognized in 1956 as the first Korean tire company. In 1985, we dedicated our facility in Yangsan, Korea, to the production of radial tires. 6 years afterwards, in alliance with OHTSU Tire & Rubber in Japan, we sharpened and honed our development and manufacturing capabilities. In an effort to reflect our dedication to quality and continued leadership, we changed the company name in 2000 from Woosung Tire to Nexen Tire Corporation. The name Nexen is a combination of two future-oriented words; next and century. It reflects Nexen`s will and determination to prepare for the future and to drive a better tomorrow. In 2005, we established our US branch, Nexen Tire America, which was a great start in expanding our brand globally. In the same year, Nexen Tire was awarded a patent for the technology to manufacture rubber/stratified silicate nano-composite tires. By 2006, we had completed development on the new UHP and Winter LTR/SUV patterns. To accommodate increased global demand for the Nexen brand, we opened an additional tire manufacturing plant in Qingdao, China in 2007. After opening our U.S. location as well as other offices worldwide; it was necessary to break ground on a 3rd factory in Changnyeong, Korea in 2012. It is one of the world`s largest and most advanced tire manufacturing facilities, with plans to attain an annual output of 10 million units by 2015 and 20 million units by 2018.

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