Nexen logo
Nexen Brand Overview
1942
state-owned
Yangsan, South Korea
Nexen Tire Corporation is a global tire manufacturer headquartered in South Korea. The company has a rich history that dates back to 1942, when it was established as Heung-A Tire Company. Over the years, Nexen Tire has evolved into a leading manufacturer of high-quality tires for a wide range of vehicles, including passenger cars, SUVs, light trucks, and commercial trucks.
In 1985, Nexen Tire opened a state-of-the-art facility in Yangsan, Korea, which was dedicated to the production of radial tires. This move helped Nexen Tire position itself as a major player in the global tire industry, and the company continued to expand its product line and manufacturing capabilities in the years that followed.
In 2000, the company changed its name from Woosung Tire to Nexen Tire Corporation, and the same year saw it listed on the KOSPI 200 Index future market. This move was a major milestone for the company, and it helped to cement its position as a leading player in the tire industry.
Today, Nexen Tire has a global presence, with manufacturing facilities in Korea, China, and the United States. The company is committed to producing high-quality tires that deliver superior performance, safety, and durability, and it continues to innovate and invest in research and development to ensure that its products meet the evolving needs of consumers and businesses around the world.
Nexen History
Nexen Tire Corporation is a South Korean tire manufacturer that has been in business for over 70 years. Founded in 1942 under the name Heung-A Tire Company, the company has grown into a global brand that produces a wide range of high-quality tires for various applications.
In the early years of its existence, Nexen Tire primarily focused on producing tires for bicycles, motorcycles, and small vehicles. However, in the 1970s, the company began investing in research and development to expand its product line to include radial tires for passenger vehicles.
In 1985, Nexen Tire opened a dedicated production facility in Yangsan, South Korea, for the production of radial tires. This was a major milestone for the company, as radial tires were quickly becoming the standard in the global tire market.
Over the years, Nexen Tire continued to invest in research and development to improve the performance and durability of its tires. In 2000, the company changed its name from Woosung Tire to Nexen Tire Corporation, and that same year, it was listed on the KOSPI 200 Index future market.
Today, Nexen Tire is a global leader in the tire industry, with manufacturing facilities in South Korea, China, and the United States. The company produces a wide range of tires for various applications, including passenger cars, SUVs, trucks, and buses.
Nexen Tire has also established itself as a leading innovator in the tire industry, with a strong focus on research and development. The company has developed several advanced technologies, including its proprietary noise reduction system (NRS) and tread wear indicator (TWI), which have been incorporated into many of its tire models.
In addition to its focus on product innovation, Nexen Tire is also committed to sustainability and social responsibility. The company has implemented several environmental and social initiatives, including reducing its carbon footprint and promoting employee wellness and safety.
Overall, Nexen Tire is a reputable tire manufacturer with a long history of producing high-quality tires for various applications. With a strong focus on innovation and sustainability, the company is well-positioned to continue its growth and success in the global tire market.
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