Nexen Tire Corp. broke ground on its Changnyeong, South Korea, factory in July 2010. The company says the plant is on schedule to produce passenger tires beginning in 2012.
The plant is part of a 5.3 million-square-foot base that includes not only the factory but also a refinement building, a main building and a quality control building. In addition to developing new technologies, such as eco-friendly tires, the complex will supply original equipment tires to vehicle manufacturers in North America (Chrysler Group LLC, Ford Motor Co. and General Motors Corp.), Europe, China, Japan and Korea.
When the plant is completed following the fifth of five phases, it will have the capacity to produce nearly 60,000 passenger tires a day. Here is the planned annual tire production schedule.
Phases 1 and 2 (2012): 2.6 million tires.
Phase 3 (2013): 6 million tires.
Phase 4 (2015): 10 million tires.
Phase 5 (2018): 21 million tires.
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