In his new role, Han will look after the company’s strategic direction and operations in the US and Canada and will provide support to the headquarters in Seoul for the company’s North American original equipment sales and the US-based technical centre in Richfield, Ohio.

Han will also provide direction on the company’s short- and long-term goals regarding operational and sales strategies.

Han is taking up new responsibilities while the whole global economy and the manufacturing industry are recovering from the pandemic impact. Han said his immediate priorities are fully understanding the North American market and getting to know the company’s customers in the United States.

“One of my priorities is to ensure our dealers that the company is supporting them in the best possible ways to navigate through the pandemic and thrive well beyond. The pandemic has also affected overall supply chain stability, causing some shortages as we assess variances in supply and demand. We will be focused on stabilising these variances to ensure quality products are delivered to customers in the time frames they need,” Han said.

Before accepting his new role as CEO, Han was Nexen Tire Corporation’s Global Marketing Vice President.

COVID 19 spread has turned the tyre business upside down. Priorities of manufacturers and end consumers have changed. Nexen Tire America is closely working with its customers to understand the requirements and support their business. “Obviously, the pandemic has affected all of our businesses from manufacturer to distributor to retail base, and we aim to be a resource of tools to help us all come out of this past year stronger than ever,” said Han.

Due to the pandemic digitalisation has got a further boost, and the company is focusing on offering digital resources. “Consumers are attentive on digital solutions to adhere to social distancing recommendations,” Han pointed out.

Brand strengthening

Han also worked as the president of Nexen Tire Italia for 7.5 years after working at Nexen Tire’s global headquarters in Korea from 2005-2011. Han has spent a considerable time of his career in the developing market. Now in the developed market, where the Nexen Tire brand is relatively young, Han will have a larger task strengthening its brand. “The Nexen brand has had time to mature in many parts of the Asian market, and by that, I mean there is higher brand awareness and brand loyalty amongst our customers. Nexen Tire is still a young brand here in the States, so we still have many opportunities to build our brand strength in this market,” explained Han.

Not only with the homegrown brands, but Nexen Tire also has competition from the Asian tyre companies, which are aggressively expanding their business in North America. Han said the company would continue building on its current strategies and relationships with the company dealer network to increase its market share in North America.

Research and Development, and customised solutions to meet the local demand play an important role in gaining the local market share. Nexen Tire has already established a global R&D network headed by its main R&D centre in Yangsan, Korea, along with its R&D facilities in the U.S., China, and Germany to develop future-oriented innovative products.

“While we have a legacy of strong partnerships with our Korean based R&D teams, Nexen Tire America has also developed an R&D centre in Ohio to focus on American and Canadian market R&D initiatives. This will ensure we are focused on North American market needs and we are prepared to meet these demands,” said Han.

This year, Nexen Tire aims to launch new products which are currently under development. It plans to announce details at the 2021 SEMA show.

Dealers are an integral part of the tyre business. Dealers are quite vocal and active in the developed nations compared to the developing countries. Nexen Tire will focus on strengthening its relationship with its dealers. “We currently have very strong relationships with our dealer base and will continue to strengthen these bonds in the future. Our strategies include being an integral partner to their growth in the ways of marketing, sales, customer service and product innovation.”

New Mobility

Connected, Autonomous, Shared, and Electric mobilities are going the course of the automotive and the tyre industry is no exception. Sensing the future trends, tyre companies are heavily investing from R&D to production and distribution to meet future mobility. Nexen Tire is currently and consistently analysing and researching potential opportunities in the EV space. “Electric cars and mobility services are the waves of the future, and Nexen strives to stay at the forefront of these trends,” said Han.

Last year in September, Nexen Tire announced it will supply tyres for a new model of the electric car maker Canoo, a US startup company.

Canoo plans to launch the world’s first subscription-based electric vehicle (EV) plans. Under its business model, Canoo will use a membership model to sell its EVs. The company unveiled its first EV model in 2019 and plans to launch it in 2022 commercially.

Nexen Tire will supply its Rodian GTX EV Tyre, an electric vehicle version of Nexen Tire’s all-season premium SUV tyre Roadian GTX which offers electric vehicles’ requirements as tyre safety, durability and low noise. “We are also researching technologies for smart tyres to ensure we meet market demands and the future of mobility,” said Han.

Nexen Tire has also formed a strategic partnership with Plug and Play, the world’s largest corporate innovation platform and startup accelerator, to pursue innovative collaborations in the tyre and mobility industries.

With this partnership, Nexen Tire will seek to partner with the next wave of the most promising technologies in the tyre and mobility industries. This should also enable Nexen Tire to realise its ‘open R&D’ philosophy, offering collaboration and partnerships, especially to firms in the tyre technology field, the company had said.

Talking on the challenges, Han thinks the challenges in business are relatively constant. He added that the Nexen Tire aims to ensure sales increase year over year in a very dynamic and changing environment, including tariffs, global pandemics, and oversupply. “We prepare ourselves for these obstacles and opportunities by remaining fluid and shifting with the market as it requires,” said Han.

Apollo Tyres Ltd has secured a one-season shirt-sleeve sponsorship agreement with AS Monaco, one of French football's most successful clubs, to increase awareness for its premium Vredestein brand.

This partnership will leverage Ligue 1's ranking as the fifth most watched football league in the world to raise awareness of Vredestein's award-winning products among a large audience in France and abroad. On November 22, AS Monaco's home league game against Brest will have the new sleeve branding for the first time. The Vredestein brand will be heavily promoted at Stade Louis-II for the 2024–2025 season, including on player sleeves and LED screens around the field. Exclusive social media initiatives will further help make the brand prominent, reaching a large and interested audience.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “This partnership is an exciting opportunity to strengthen Vredestein’s presence in one of our key markets. AS Monaco’s rich history and commitment to excellence mirror our focus on performance and innovation. We look forward to building a successful relationship with the club and celebrating its achievements this season.”

Thibaut Chatelard, Marketing and Revenue Director, AS Monaco, said: “We are delighted to welcome Apollo Tyres and its Vredestein brand to the family of AS Monaco partners. This collaboration makes sense in view of the values we share, such as the constant pursuit of performance and excellence. There’s no doubt that this new support will be precious for the rest of our season, which promises to be thrilling.”

Nexen Tire, a leading global tyre manufacturer, has launched the Nexen N´Blue S tyre, adding to its range of summer tyres and providing drivers with advanced safety, energy efficiency and superior driving stability in wet and dry conditions.

Developed using highly dispersed silica and equipped with an optimised structural design, the Nexen N´Blue S tyre provides reduced road noise and improved driving stability. The tyre features an innovative tread compound, formulated with hydrophilic fillers and microstructure-controlled polymers, and provides lower rolling resistance and exceptional dry and wet grip. The tyre also excelled in test results by demonstrating an 11 percent improvement in wet braking distance compared to its predecessor.

Apart from providing excellent performance, the Nexen  N´Blue S also scores high on the sustainability index. The tyre provides an eco-friendly solution for environmentally conscious drivers by minimising fuel consumption and CO2 emissions. The Nexen N´Blue S summer tyre is available in 58 sizes, which makes it compatible with different types of vehicles.

Kumho Tire Vietnam Co., Ltd. is all set to expand its investment project in Binh Duong province of Vietnam, with the phase 3 of expansion commencing in early 2025. This was discussed at a recent meeting between Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee (PPC), and Kim Hyun Ho, General Director of Kumho Tire Vietnam Co., Ltd.

The meeting was held on 13 November at the Administrative Centre of Binh Duong province, as per an official statement. Apart from the company’s investment till date and the planned investment for phase 3, the two also discussed about the challenges and obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant, along with taking measures to tackle the obstacles. Kim Hyun Ho also conveyed to the PPC Chairman that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tyre manufacturing industry.

The company had invested in a tyre manufacturing plant in My Phuoc 3 Industrial Park in 2007 with a total initial investment of USD 308 million, which was supplemented by another USD 300 million in 2021. This extended the factory scale to six hectares and increased the production capacity to 12.5 million tyres annually. With the expansion in early 2025, the company will raise its total investment to USD 908 million and increase the factory's production capacity to 17 million tyres annually. The expanded capacity is expected to be operational by early 2026.

Yokohama-ATG, a leading manufacturer of all-terrain and off-the-road tyres, has expanded its Galaxy MFS 101 SDS range of forklift tyres with the launch of white, non-marking tyres.

The Galaxy MFS 101 SDS range consists of puncture-proof SDS tyres with extended wear limits designed for high-intensity working shifts and long durability. These are premium, solid rubber tyres developed for tough demands, a long service life and high driving comfort. The addition of white, non-marking tyres is specifically aimed at clean working environments.

Marked by a 3-stage construction process, the forklift tyres feature reduced heat build-up, effective shock absorption and minimised vibrations. The pattern design guarantees a smooth ride and good steerability thanks to its continuous centre lug and circumferential grooves. Furthermore, the flat walls and wide flat profile offer excellent stability when using a forklift for vertical stacking. The tyres are also equipped with anti-slip steel beads for improved rim fitment

In a case study on a CAT 2.5-tonne forklift that was used for handling heavy pallets on asphalt, the Galaxy MFS 101 SDS outshone the competitors with impressive performance. The tyre delivered an approximate 900 working hours before replacement against competitors’ 500 working hours.