Nexen Tire aims to accelerate business expansion with new strategic partnership.
Nexen Tire and the Mubadala Investment Company, an Abu Dhabi strategic investment fund, signed a Memorandum of Understanding to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.
“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,” said Travis Kang, CEO of Nexen Tire. “This collaboration will accelerate Nexen Tire’s growth in international markets.”