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You are here: Home1 / News2 / Company News3 / Nokian and Matador To Commence Contract Manufacturing

Nokian and Matador To Commence Contract Manufacturing

Date: 15th January 2003 Author: Tyrepress Editors Comments: 0

Nokian Tyres plc and Matador AS are signing a contract manufacturing agreement. This transaction will mean that Matador will produce Nokian branded speed categories S, T, and H car summer tyres at its factory in Slovakia. The tyres will be sold in Eastern European markets.

The production target for 2003 is 100 thousand Nokian tyres with initial sales taking place during the first quarter of the year. Volume manufacture will increase to 300 thousand tyres by the end of 2005. Through contract manufacturing Nokian will continue to ensure its growth potential in Eastern Europe.

Production capacity at the company’s factory in Finland will be freed to produce ultra high performance tyres. The agreement will be valid until the end of 2005 and after that on a one-year basis.

Related news:

  1. Nokian Tyres Confirms Kazakhstan Negotiations
  2. Walkout Planned at Nokian Tyres Facility
  3. Manufacturing Agreements Signed Between Nokian And Michelin
  4. Nokian to Invest in Heavy Tyre Production
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Related Tags

capacity, cooperation, Europe, factory, finland, Manufacturing, Matador, Nokian, Nokian Tyres

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