Nexen Tire announced the opening of its Europe Plant in Zatec, Czech Republic on August 28, 2019. Located within the Triangle Strategic Industrial Zone in Zatec, the Nexen Tire Europe plant is 650,000 square meters in size. The company invested approximately one billion dollars on the facility, creating a technologically integrated manufacturing center that can immediately apply the cutting-edge technologies of its global R&D centers. The plant has been operating since the end of April 2019 and celebrated the shipment of first party of tires. Nexen Tire has now finalized its four major global R&D and production networks: THE NEXEN univerCITY, Central Research Institute in Seoul, Korea; the Europe R&D Center; the North America R&D Center; and the Europe plant in Zatec. The production capacity of the Europe plant is 3 million in 2019 and is expected to increase to 11 million by 2022. Through the expansion of its production capacity, Nexen Tire plans to strengthen its global presence, further establishing itself in the European market.