JEDDAH – Nexen Tire Corporation, with headquarters in Yangsan, South Korea, has announced that its plant located in Shang Yang has raised production capacity by 40 percent to more than 10 million tires per year, compared to estimated 6 million tires last year. In a statement, the company also revealed plans to increase production capacity to more than 21 million tires per annum by 2018. Nexen Factory, which is known as one of the most sophisticated factory in the world, covers an area of more than half a million square meters, equivalent to an area of 46 football courts. Over the years, Nexen has been recognized for its commitment to environmental sustainability as it uses solar energy to achieve efficiency. Nexen Tire has over 70 years of tradition as a respected leader in the tire industry. It is recognized to be one of the fastest growing companies in the world supplying tires to mainly South Korean car manufacturers.
Nexen Tire also expects to develop new contracts with “notable foreign makers in order to level-up its reliability on technology and quality to the world top level.” Nexen Tire believes in harmonization between humans and technology. Based on consistent research and development, Nexen Tire exerts utmost efforts to create a world best quality tire that cares for customers' safety and satisfaction. Abdul Latif Al-Amoudi, CEO of Al Amoudi Holding Company, said: “In fact, Nexen Factory is one of the best factories I have ever seen. It utilizes the most advanced technology in the production process. In addition to the company's satisfied employees, I am not surprised when I heard that Nexen's plant is one of the best 10 tire plants in the world.” Al Amoody Holding Company is the exclusive distributor of Nexen tires in the Kingdom for the last 23 years, with more than 16 branches around the Kingdom. The company also has other activities in real estate business locally and internationally. — SG
