NEXEN TIRE Posts KRW 814.8 Billion in Q3 Revenue
NEXEN TIRE, a leading global tire manufacturer, announced KRW 814.8 billion in revenue and KRW 18.1 billion in operating profit for the third quarter on Nov. 4. This marks a 4.4% increase in revenue year-on-year and the fourth consecutive quarter above KRW 800 billion, and comes despite slowing dema
NEXEN TIRE, a leading global tire manufacturer, reported KRW 814.8 billion in revenue for Q3, marking a 4.4% year-on-year increase. Despite slowing demand and rising raw material prices, the company experienced growth in high-value-added products and strong sales in Europe, which became the company's largest market at 43% of total revenue.
NEXEN TIRE's CEO, John Bosco (Hyeon Suk) Kim, attributed the growth to the expansion of high-value-added products and strong performance in Europe, and outlined plans to improve the product mix and respond to global regulations.
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