ข่าวประชาสัมพันธ์ Press Releases ข่าวย้อนหลัง หัวข้อข่าว บลอก

Nexen Tire and Mubadala Investment Company Sign Memorandum of Understanding

General Press Releases วันพฤหัสบดีที่ ๒๐ กรกฎาคม พ.ศ. ๒๕๖๐ ๐๙:๓๒ น.
ขนาดตัวอักษร: ใหญ่ กลาง เล็ก
SEOUL, South Korea--20 Jul--PRNewswire/InfoQuest
  • Abu Dhabi strategic investment fund to make equity investment and explore opportunities.
  • Nexen Tire to accelerate business expansion with new strategic partnership.

Nexen Tire, a leading global tire manufacturer and Mubadala Investment Company (Mubadala), the Abu Dhabi strategic investment fund, today signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

https://photos.prnasia.com/prnvar/20170719/1902216-1

Nexen Tire is one of the fastest growing companies in the automotive industry, with a compounded annual growth rate of 15% over the past ten years. The company sells 40 million tires to more than 140 countries annually, with more than 4 million tires sold throughout the Middle East.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MOU in Abu Dhabi on July 19th.

Waleed Al Mokarrab Al Muhairi, Deputy Group CEO & Chief Executive Officer, Alternative Investments and Infrastructure, Mubadala said: "As a high performing business with significant global growth potential, Nexen Tire represents an interesting investment opportunity for Mubadala Investment Company.   Our investment approach prioritizes partnership with best-in-class global organizations as a key driver of creating lasting value for our shareholder. We look forward to exploring opportunities with Nexen Tire."

Travis Kang, CEO of Nexen Tire, added: "This strategic partnership with Mubadala Investment Company is a significant milestone for Nexen Tire in our journey to becoming a global top 10 tire company by 2025. This collaboration will accelerate Nexen Tire's growth in international markets."

In addition to the equity investment, Mubadala and Nexen will explore a broader range of business initiatives, including potential further investment as well as wider cooperation in Nexen Tire's overseas expansion. The parties will also cooperate in other areas such as future automotive technology linked to the Fourth Industrial Revolution.

About Mubadala Investment Company

Mubadala is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi's leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for our shareholder, the Government of Abu Dhabi.

Our work includes the development of global industrial champions in sectors such as aerospace, ICT, semiconductors, metals & mining and renewable energy, utilities, and the management of diverse financial holdings. We build on legacy expertise in oil and gas to invest across the hydrocarbon spectrum, and enhance the UAE's growth potential through investments in healthcare, real estate and defense services. Our investment approach prioritizes partnership with best-in-class organizations and a commitment to the highest standards of governance.

About Nexen Tire

Nexen Tire, established in 1942, is a global tire manufacturer headquartered in Yangsan, South Gyeongsang Province, and in Seoul, South Korea. Nexen Tire, one of the world's fastest growing tire manufacturers, works with 491 dealers based in 141 countries around the world (as of July 2015) and owns three manufacturing plants – two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another plant in Zatec, Czech Republic will be operational by 2018. Nexen Tire produces tires for passenger cars, SUVs, and light trucks with advanced technology and excellence in design. The company also focuses on producing UHP tires, which are based on advanced technologies. Nexen Tire supplies OE tires to global car makers in various countries around the world. In 2014, the company achieved a grand slam of the world's top 4 design awards for the first time amongst the various tire makers in the world. For more information, please visit http://www.nexentire.com .

Photo - https://photos.prnasia.com/prnh/20170719/1902216-1

Caption - From Left: Waleed Al Mokarrab Al Muhairi (Deputy Group CEO & Chief Executive Officer of Mubadala Investment Company), Khaldoon Al Mubarak (Group Chief Executive Officer & Managing Director of Mubadala Investment Company), Travis Kang (CEO of Nexen Tire), Frank Chung (Vice President of Nexen Tire)


ขนาดตัวอักษร: ใหญ่ กลาง เล็ก

ข่าวประชาสัมพันธ์ที่เกี่ยวข้อง

Telenor appointed as new board member of global GSM association

Total Access Communication PLC (TAC) announced today that its strategic partner and shareholder Telenor had been appointed as a new board member of the GSM Association, the world's leading wireless industry representative body. The announcement was made f...

Aus: Macquarie forms alliance with Korea's Woori Bank for equity derivatives business

Macquarie Bank today signed a Memorandum of Understanding with Woori Bank of Korea to form a business alliance in Korean equity derivatives. The business alliance will combine Macquarie's technical expertise in equity derivative products and risk manageme...

AsiaNet Daily Summary - Press Releases from Tuesday December 31 until Thursday January 2

BOOK PARTNERSHIP... SAN FRANCISCO: YesAsia.com said a partnership with Cosmos Books will allow Chinese readers to view and purchase all books in the Cosmos range via http://cosmos.yesoutlet.com. IT SPENDING... BOSTON: China and India will experience major...

หัวข้อข่าวที่เกี่ยวข้อง

หัวข้อข่าวยอดนิยม

กรมสรรพากร ธนาคารกรุงเทพ ธนาคารกรุงไทย ธนาคารออมสิน ไปรษณีย์ไทย การบินไทย ธนาคารกสิกรไทย hotmai เพียวริคุ jobbkk ธนาคารไทยพาณิชย์ คาราบาว ดีแทค ไทยพาณิชย์ แจ่มใส เมเจอร์ ธนาคารอาคารสงเคราะห์ 12car กรุงไทย ธนาคารกรุงศรีอยุธยา กระทรวงสาธารณสุข การรถไฟแห่งประเทศไทย มิตซูบิชิ เมืองทอง ธนาคารทหารไทย ตลาดหลักทรัพย์แห่งประเทศไทย ซัมซุง มาม่า วันทูคอล ธนาคารแห่งประเทศไทย กระทรวงพาณิชย์ เวลาประเทศไทย ปตท ธอส บิ๊กซี กรมอุตุ กรมศุลกากร แม็คโคร ธนาคารกรุงศรี กระทรวงการคลัง