Nexen Tire Announces Grand Opening Ceremony for "THE NEXEN UNIVERSITY", the central research facility of Nexen

1 May 2019

Nexen Tire, a world leader in tire manufacturing, announced today that it will host the grand opening ceremony for "THE NEXEN UNIVERSITY" on Tuesday, April 30 , 2019 . become the driving force for future growth.

More than 300 people participated in the grand opening ceremony, including Nexen Tire's CEO, Kang Byeong Jung, Nexen Tire's Global CEO, Travis Kang, Chairman of the Korean Employers' Association, and Kyung Shik, Chairman of the Association of Small and Medium Enterprises in Korea, Kang Ho Gab, as well as executives and employees of Nexen's central research facility.

Nexen Tire has over the two-year development of "THE NEXEN UNIVERCITY" which in the industrial and commercial area Magok in Seoul is invested 200 billion South Korean won into the project. The building has an area of over 57,000 square meters and has eight floors above ground as well as two basement floors and also houses the research facilities and business areas.

The workplaces have been designed to provide an open, innovative environment for maximum concentration and work in the team. A number of institutions should help pave the way for smarter technologies. These include a Research and Development (R & D) center dedicated to the prediction and implementation of optimal performance requirements, such as OE / RE product manufacturing, AI technology and virtual tire technology, a performance research center to assess the performance of Tires and vehicles and a materials research center analyzing the different nano and macro properties of a variety of materials.

By building these facilities, Nexen Tire plans to expand its R & D capacity to respond quickly to the rapidly changing market as well as the specific needs of the local and global automotive industry. In addition, the Magok Central Research Institute will function as a R & D center for its local and global R & D centers located in Yangsan, Changnyeong, Germany, the Czech Republic, the US and China .

In "THE NEXEN UNIVERSITY", the concepts of "Nexen Universe" and "City" have been brought together, which embody the core values ??of the company - challenge, creativity and collaboration - as well as its business philosophy, which stands for infinite possibilities and value propositions. the Nexen can also redeem.

The Courtyard and the leafy multi-helix roof are the most important places in "THE NEXEN UNIVERSITY", revealing the corporate culture of Nexen Tire, which focuses on communication and collaboration.

The appearance of the exterior surface is also inspired by the patterns of tire treads that determine what makes up the industry. In the entrance area is an incredible, 30 meters wide and 7 meters high display wall. On display here is a video that presents the creative and artistic concept of "THE NEXEN UNIVERSITY." The eco-friendly building has been equipped with a solar system, an air exchange base system for air conditioning and heating, and a green roof against heat radiation damage, and has been approved by the Korean Energy Agency Received the Level 1 Certificate for Energy Efficiency of Buildings.

"The Magok Central Research Institute is undoubtedly proof of Nexen Tire's growth DNA, and it's a sign of its identity that has emerged faster than any other company in the world," said Travis Kang , Global CEO of Nexen Tire "We will play an important, global role and enhance the value of this step by bringing about a paradigm shift in the industry by creating new opportunities and future values ??that have never been seen before."

Meanwhile, Nexen Tire, celebrating its 77th anniversary this year, inaugurated the new Magok Central Research Institute and completed the construction of four facilities worldwide. With the new expansion of R & D centers in Europe and the US , including the commissioning of the factory in the Czech Republic, and the opening of the Magok Central Research Institute in Seoul , Nexen Tire already has the infrastructure for the future growth of Created "Global Nexen".

About Nexen Tire

Founded in 1942, Nexen Tire is a global tire manufacturer with headquarters in Yangsan, South Gyeongsang Province and Seoul, South Korea. Nexen Tire, one of the fastest growing tire manufacturers in the world, works with 491 dealers located in 141 countries around the world (as of July 2015) and owns three factories - two in Korea (Yangsan and Changnyeong) and one in Qingdao ( China). Another factory in Zatec (Czech Republic) is scheduled to start operation in 2019. Nexen Tire manufactures tires with modern technology and excellent design for cars, SUVs and light trucks. The company also focuses on the production of UHP tires based on state-of-the-art technologies. Nexen Tire supplies OE tires to global automakers in many countries around the world. In 2014, the company was the first among a large number of global tire manufacturers to win a Grand Slam awarding 4 of the most prestigious design awards in the world. For more information, visit .