NEXEN TIRE has announced that it has signed a long-term supply agreement with LD Carbon(LDC) Co., Ltd.
Through this partnership, NEXEN TIRE will use this collaboration to boost the adoption of LDC’s sustainable materials. By expanding the use of sustainable materials, NEXEN TIRE is improving its eco-friendly tire manufacturing capabilities.
The use of recovered carbon black is particularly significant because carbon black is a key component of a tyre’s raw materials and plays a critical role in tire strength and durability. Replacing petroleum-based carbon black with recycled alternatives is a strategic step that maintains product performance while advancing environmental sustainability. The Company has gradually increased its use of recovered carbon black, and with this deal, it hopes to further accelerate the transition to environmentally friendly raw materials.
NEXEN TIRE plans to use recovered carbon black from production facilities across the world, including China, the Czech Republic, and factories in Korea. NEXEN TIRE is developing a circular resource structure guaranteeing a consistent supply of recycled materials and incorporating them into its global manufacturing chain. This initiative strengthens sustainability throughout the value chain, from raw material procurement to manufacturing, and aligns with the company’s commitment to improving worldwide sustainable management standards.
Strengthening a circular supply chain is also expected to boost NEXEN TIRE’s worldwide competitiveness. The European Union’s planned Ecodesign for Sustainable Products Regulation (ESPR) will mandate the use of sustainable materials in tyre manufacture. By proactively establishing a sustainable raw material supply chain, NEXEN TIRE is well-positioned to strengthen its competitiveness, particularly in Europe, where the Company generates around 40% of total sales.
“Expanding the usage of recovered carbon black is a strategic step that demonstrates our commitment to ESG management and proactive response to global environmental concerns,” said Travis Kang, Global CEO of NEXEN TIRE. “We will continue to accelerate the transition to eco-friendly materials and establish a tyre manufacturing system that has a low environmental effect from production to disposal.”
