[THE INVESTOR] Nexen Tire
, South Korea’s third largest tire maker, will supply Original Equipment tires for German supercar maker Porsche’s Cayenne SUV, the company said on Sept. 5.
It is Nexen Tire’s first supply deal with Porsche.
Nexen Tire would be installing its N’Fera RU5 model for Caynne OE tires -- which refers to tires equipped on a new vehicle when they come from the factory.
N’Fera RU5 boasts improved cornering stability, providing ride comfort fitted for sports cars, the company said.
“We are happy to supply OE tires for the premium car brand Porsche,” Kang Ho-chan, CEO of Nexen Tire said. “We hope this contract proves Nexen Tire’s quality and technology.”
By Ahn Sung-mi (firstname.lastname@example.org