Nexen Tire will officially open plant worth 1 bil. USD

Published: 15.08.2019 Related countries:  United Arab Emirates United Arab Emirates

The Czech Republic is very attractive location for the FDI

Korean tire producer Nexen Tire will officially open its new plant located in the industrial area Triangle near Žatec on August 28, 2019. Investments in the construction of the plant covering 650,000 m2 reached roughly 1 bil. USD. Its annual capacity reaches 3 million tires and Nexen Tire predicts its growth up to 11 million units by 2022. The information was provided by the Ústí Region adding that the plan was already operating.