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NEXEN TIRE has released its Q1 2025 financial results. The company recorded revenues of KRW 771.2 billion ($550 million) and an operating profit of KRW 40.7 billion. This reflects a 13.7% year-on-year increase in revenue, setting a new record for the company’s highest-ever quarterly performance and exceeding market forecasts.

NEXEN TIRE’s strong performance in the first quarter of 2025 was driven by increasing sales volume due to expanded capacity and premium products, such as 18-inch and larger tires. Earnings were boosted by additional volume from phase 2 of the Czech plant, and the company also expanded its original equipment (OE) tire supply to major automakers, allowing it to thrive despite industry uncertainties.

Helsinki Court of Appeal issued a judgment in the securities market criminal case of Nokian Tyres. The case heard in the Court of Appeal was related to the events of 2015–2016. According to the charges, the company’s Board of Directors and President and CEO at the time had failed to disclose information affecting the value of the company’s securities in December 2015.

MAXAM Tire announced they are expanding their already robust warranty program, now offering (5) full years of comprehensive coverage on all Agriculture Radial (Ag Radial) tires. This enhancement reflects MAXAM’s unwavering confidence in all its products and underscores the company’s commitment to delivering maximum value and peace of mind to customers in the agricultural industry.

Sumitomo Rubber Industries, Ltd. announced that it has begun supplying DUNLOP GRANDTREK H/T31 for use as factory standard tires in Japan on LEXUS GX550, which was launched on March 24, 2025.

Since its market launch in 2002, LEXUS GX has been sold mainly in North America and has evolved as an SUV that provides both comfortable driving performance even on a rough road and a sense of luxury. The new GX550 features a strong body structure and a powerful yet efficient engine to deliver superior driving performance. “OVERTRAIL+,” equipped with the special design, the latest suspension technology and driving support system, and 18-inch tires, achieves both on-road and off-road performance.

The Yokohama Rubber Co., Ltd. announced that it has launched a new conveyor belt in its highly regarded FLAME GUARD series of flame-retardant conveyor belts. The new addition, the FLAME GUARD ECO, offers improved energy-saving performance.

FLAME GUARD ECO was developed for use on coal transport lines at ports and thermal power plants, which require flame-retardant conveyor belts for fire safety reasons. By using technologies cultivated during its development of its ECOTEX conveyor belts, which have achieved world-class power-saving performance, Yokohama Rubber developed a new rubber compound to improve energy-saving performance.

Polestar is relying on Continental’s SportContact 7 as original equipment for its Polestar 3 model. The tire manufacturer has received original equipment approval in the 21-inch tire size for the electric SUV. In addition to high driving stability and excellent grip, the SportContact 7 also impresses with its high energy efficiency and quiet rolling noise.