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NEXEN TIRE logo

NEXEN TIRE

Public
+1
nexentire.com
Automotive4,200+ employeesFounded 1942🇰🇷 South Korea

We Got You We think differently about tires; we believe tires are not consumable of a vehicle, but they create a safe and clean future for all of our consumers. We have validated our belief through remarkable growth and technological advancement. NEXEN TIRE is always thinking about ‘Driving towards the Future'. ▷ Vision: Great Growth Potential Our vision is to become the Global Top Tier Tire Manufacturer. To achieve this, we continue to enhance our competitiveness through building brand strength, securing the most advanced manufacturing technologies, benefiting from new growth momentum and the expansion of our global OE market and sales network. ▷ History: More than 70 years of history dedicated to preparing for the future Having started out as Heung-A Tire Industry in 1942, we produced the first vehicle tire in Korea in 1956 in the aftermath of the Korean War. In 2000, we changed our name to NEXEN TIRE with the aim of communicating our new vision for the NEXT CENTURY. ▷ Growth: Incredible growth stuns the Tire World Our rebranding under a new corporate name in 2000 ushered in an era of rapid growth that astonished the world. Since 2000, it has realized a remarkable growth in the market as the share in the Korean domestic market in the field of tire for vehicles, which was only 8% in the past, became over 20% as of today. Namely, NEXEN TIRE has sprung as a true global business that has about 340 dealers in approximate 140 countries in the world. With the constant expansion in our production capacity, we have leveraged high value-added products, technologies and transparent management to grow NEXEN TIRE with innovation, quality and performance. For more information, please visit https://www.nexentire.com/international/

Founded
1942
Employees
4,200+
Industry
Automotive
Company type
Public Company
Stock
ksc: 002350.KS
Headquarters
🇰🇷3645 E Philadelphia St, Yangsan, Gyeongsangnam-do, Korea, Republic Of (+3)
Specialties
AutomotiveManufacturingTransportation
0 / 10
Active markets
Australia · United States · China
0
New markets
Medium
Confidence
mostly early signals
0%
Momentum
vs prior period
39 / 100
Expansion Score
Developing
Stages4Exploring1Investing5Landing
No signals · Last 90 days

Global expansion

Live
AustraliaUnited StatesChina
Stages
ExploringInvestingLandingOperating
+7more marketsLocked
3 of 10 shown

Unlock the market timeline & signal feed

Market entry timeline

The order this company entered each market — oldest to newest

1
🇦🇺Australia1st market entered · 2017Advancing
Exploring
5 signalsExploring stage
2
🇨🇳China2nd market entered · 2021Advancing
Exploring
3 signalsExploring stage
3
🇺🇸United States3rd market entered · 2023Advancing
Landing
5 signalsLanding stage
+7more marketsLocked
3 of 10 shown
Current stageLandingSetting up on the ground
Confidence44%Medium
Tracking since2017first signal

Recent signals

Hiring🇲🇾 Malaysia3mo ago

Logistics Coordinator

Product launch🇨🇳 China3mo ago

NEXEN TYRE launches N'BLUE S in Australia

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Good to know

Frequently Asked Questions Regarding NEXEN TIRE

Quick answers about NEXEN TIRE's business, markets, and growth signals.

We Got You We think differently about tires; we believe tires are not consumable of a vehicle, but they create a safe and clean future for all of our consumers. We have validated our belief through remarkable growth and technological advancement. NEXEN TIRE is always thinking about ‘Driving towards the Future'. ▷ Vision: Great Growth Potential Our vision is to become the Global Top Tier Tire Manufacturer. To achieve this, we continue to enhance our competitiveness through building brand strength, securing the most advanced manufacturing technologies, benefiting from new growth momentum and the expansion of our global OE market and sales network. ▷ History: More than 70 years of history dedicated to preparing for the future Having started out as Heung-A Tire Industry in 1942, we produced the first vehicle tire in Korea in 1956 in the aftermath of the Korean War. In 2000, we changed our name to NEXEN TIRE with the aim of communicating our new vision for the NEXT CENTURY. ▷ Growth: Incredible growth stuns the Tire World Our rebranding under a new corporate name in 2000 ushered in an era of rapid growth that astonished the world. Since 2000, it has realized a remarkable growth in the market as the share in the Korean domestic market in the field of tire for vehicles, which was only 8% in the past, became over 20% as of today. Namely, NEXEN TIRE has sprung as a true global business that has about 340 dealers in approximate 140 countries in the world. With the constant expansion in our production capacity, we have leveraged high value-added products, technologies and transparent management to grow NEXEN TIRE with innovation, quality and performance. For more information, please visit https://www.nexentire.com/international/

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