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Cabinet approves contract with Nexen Tire for CZK 22 billion investment

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The Czech cabinet has approved an investment contract with South Korea’s Nexen Tire for a new factory in the country worth around CZK 22 billion, a government spokesman said on Monday. The deal, which would be one of the largest in the country, needs to be signed by both parties, although the spokesman could not say when the deal would be finalised.

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