Nexen Tire Ranks Fourth in the Passenger Car Segment of the J.D. Power OE Tire Customer Satisfaction Study

- Nexen Tire ranked 4th out of 12 tire brands in the Passenger Car segment

- The study results showcase Nexen Tire's remarkable growth

SEOUL, South Korea, April 4, 2016 /CNW/ -- Nexen Tire, a leading global tire manufacturer, announced that the company has ranked 4^th out of 12 tire brands in the Passenger Car segment of the 2016 J.D. Power Original Equipment Tire Customer Satisfaction Study, marking a considerable improvement in customer satisfaction from last year.

"This study's results showcase the remarkable growth of Nexen Tire," said Nexen Tire. The company also added that, "Through continuous investments in R&D, Nexen Tire will continue to improve product quality and technology in order to increase global customer satisfaction and become a top global player amongst tire manufacturers."

The major factors in regards to tire satisfaction for this study consist of 'Tire Ride', 'Tire Traction and Handling', 'Tire Wear', and 'Tire Appearance.' Of note, Nexen Tire increased 82 points in the 'Tire Wear' factor from the 2015 study, which was a significant rise. This factor is what customers consider to be the most important out of all the tire satisfaction factors, which led to an improvement in customer satisfaction for the company's products this year.

J.D. Power is a global marketing information services company, which is especially well known for its customer satisfaction research on new-car quality. The 2016 U.S. Original Equipment Tire Customer Satisfaction Study is based on responses from 31,977 original owners of 2014 or 2015 model-year vehicles from October through December 2015. For more information about the study, visit http://bit.ly/1qgheKS. The study objects include 12 tire brands; Bridgestone, Continental, Dunlop, Firestone, Goodyear, Hankook, Kumho, Michelin, Nexen, Pirelli, Toyo, and Yokohama.

Meanwhile, Nexen Tire currently owns four cutting-edge research facilities in Korea, China, the United States, and Europe and three manufacturing facilities; two in Korea and another one in Qingdao, China. In October 2015, the company started construction of a new tire manufacturing plant in Zatec, Czech Republic, which will feature the most advanced automation systems along with environmentally friendly technologies. Commercial operation is planned to commence in 2018.

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.

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SOURCE Nexen Tire