Nexen Tire Europe further expands its activities near Žatec

Tyre manufacturer Nexen Tire Europe is expanding its activities near Žatec. Besides its plant in the Triangle Strategic Industrial Zone, the company will lease from commercial real estate developer CTP an additional large warehouse at the neighbouring ctPark Žatec, from March 2021. The 12,000 sqm Central Distribution Warehouse will be constructed for supplying the whole European market with tyres manufactured by Nexen for passenger and commercial vehicles.

“The Nexen production facility is located immediately adjacent to a CTP industrial park. It, therefore, provides an ideal location for a warehouse supplying not only the Czech Republic and Germany but also the entire European market,” said Kamil Hofstetter, SCM Trade Manager of Nexen Tire. “We appreciate this new partnership with a company as important as Nexen Tire. What is more, we are building the facilities completely based on the customer’s needs and specifications,” explained Jakub Kodr, CTP Senior Business Developer CTP for the Czech Republic region.

CTP is currently building a new 12,000 sqm hall in Žatec. After completion, ctPark Žatec will offer more than 90,000 sqm of industrial space. ctPark Žatec forms part of the Triangle Strategic Industrial Zone, which has won several awards in the Investor and Industrial Zone of the Year competition. The contest is organised annually by the CzechInvest Business and Investment Development Agency and the Association for Foreign Investment (AFI). Several automotive manufacturers, including Hitachi, Grammer, ZF, Yanfeng, and Gestamp are based at the site. The Žatec ctPark lies just 30 kilometres from the German border, on the D7 motorway connecting Prague with Chomutov. The location, in an area of three local authority districts with a combined population of about 300,000, ensures a sufficient number of qualified employees. In addition, government incentives are available in the region.