Who Owns Nexen Tires?

Nexen Tires operates within Nexen Tire's sustainability framework, addressing environmental responsibility, ethical business practices, and social impact.

Sustainable Manufacturing: Nexen maintains sustainable manufacturing processes across all production facilities, including energy-efficient production systems, waste reduction programs, and environmental compliance systems. The company has adopted renewable energy and water conservation programs.

Fuel Efficiency: Nexen emphasizes fuel efficiency in tire design, creating products that reduce rolling resistance and improve vehicle fuel economy. Advanced tread design, lightweight construction, and innovative rubber compounds contribute to reduced carbon emissions.

Responsible Sourcing: Nexen emphasizes responsible sourcing of raw materials, including natural rubber and synthetic rubber. The company conducts supplier sustainability assessments and ethical procurement practices.

Tire Recycling: Nexen supports tire recycling initiatives and circular economy programs. The brand partners with recycling facilities and develops recyclable tire materials.

Safety Standards: Nexen maintains tire safety standards across all product lines, with rigorous testing protocols, quality control systems, and compliance with international safety standards.

OEM Supplier Recognition: Nexen Tire's selection as an OEM supplier for Volkswagen, Audi, and BMW represents industry recognition of its quality and performance standards. OEM relationships require meeting stringent automaker requirements.

Record Revenue Achievement: Nexen Tire's five consecutive years of record revenue through 2025, culminating in exceeding KRW 3 trillion for the first time, demonstrates consistent business growth and market acceptance.

Dividend Consistency: Nexen Tire has paid cash dividends for 27 consecutive years through 2025, expanding the dividend for three straight years, demonstrating financial stability and shareholder commitment.

European Expansion: The 2018 opening of the Zatec, Czech Republic manufacturing facility represents a significant milestone in Nexen's European expansion strategy.

Nexen Tires has maintained a strong operational record with no major product recalls significantly impacting its reputation. The brand faces normal industry challenges:

Competitive Market Pressures: Nexen operates in a highly competitive tire market, facing pressure from established manufacturers and budget brands. The company must continuously innovate while maintaining its value positioning.

Raw Material Price Volatility: Nexen faces challenges related to raw material price fluctuations, particularly for natural rubber and petroleum-based materials used in tire production.

Trade and Tariff Challenges: In 2025, Nexen faced product-specific tariffs that impacted operations. Despite these challenges, the company achieved record revenue, demonstrating resilience in navigating complex international trade environments.

Automotive Industry Cycles: Nexen is sensitive to automotive industry cycles, including vehicle production volumes and economic conditions that affect tire demand.