Nokian Tyres to lower production, lay off workers in Finland

7th August 2015 | 0 Comments
 
Nokian Tyres to lower production, lay off workers in Finland
Around 80% of all Nokian pcr tyres are currently manufactured in Russia, and this ratio will rise even further in future

The the economic situation in Russia and the CIS countries has led to a downgrade in Nokian Tyres’ 2015 outlook. The Finnish tyre maker says sales of passenger car tyres have continued to decline in this region, and those tyres being purchased within the Russian market are increasingly lower B or C segment brand products. The company’s own sales in Russia were down 39.1 per cent year-on-year during the first half of 2015.

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Category: Company News, International News

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