Billion-dollar tyre plant considered for central Europe

22 October 2013 15:52  [Source: ICIS news]

LONDON (ICIS)--South Korea's Nexen Tire is assessing possible sites for a $1bn (€0.73bn) tyre-making plant in the Czech Republic, Poland and Bulgaria, a source at the company said on Tuesday.

Nexen Tire's investment would be rolled out over eight years and could create 1,200-2,000 jobs, it added.

Synthetic rubber makers based in central Europe include major producer Synthos, which has plants in both Poland and the Czech Republic.

($1 = €0.73)

By: Will Conroy
+44 20 8652 3214

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