Nexen Tire
넥센타이어 · 002350
Materials Chemicals · KOSPI
Market cap US$481.3M (₩664.1B)
Overview
Nexen Tire makes rubber tires, the components that connect a vehicle to the road, for both passenger cars and other vehicles.
Listed on KOSPI, Korea's main stock exchange, it supplies tires through two channels: directly to automakers as original equipment and to consumers and workshops as replacement tires, distributing through a global sales network spanning China, the Americas, Europe, the Middle East, Southeast Asia, and Oceania. Its raw materials, natural rubber, synthetic rubber, and petrochemical-derived inputs such as carbon black, are largely sourced from overseas, making input costs sensitive to exchange-rate movements and international commodity prices.
Summary is AI-generated and may contain errors · figures from DART filings
Financials
Source: DART · FY ending Dec · latest FY2025Revenue
- FY2023US$2B
- FY2024US$2.1B
- FY2025US$2.3B
Operating profit
- FY2023US$135.5M
- FY2024US$124.7M
- FY2025US$123.4M
Net income
- FY2023US$74.7M
- FY2024US$91.8M
- FY2025US$109.5M
Key ratios (FY2025)
Why it matters
Nexen Tire operates four manufacturing plants, two in Korea (Yangsan and Changnyeong) and two abroad (Qingdao, China, and Zatec, Czech Republic), giving it a split domestic-international production base.
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