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You are here: Home1 / News2 / Company News3 / Nokian Tyres cuts 2021 dividend as European capacity ramps up

Nokian Tyres cuts 2021 dividend as European capacity ramps up

Date: 31st March 2022 Author: Stephen Goodchild Comments: 0
As plans to expand European production are brought forward, Nokian Tyres is scaling back its 2021 dividend (Photo: Nokian Tyres)

The war in Ukraine has brought “high uncertainty” to Nokian Tyres’ operational environment and manufacturing capacity, and as a result it is accelerating plans to invest in new production capacity in Europe. To help fund this capacity, the Board of Directors at Nokian tyres has decided to decrease the dividend payable for the 2021 financial year.

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capacity increase, dividend, Europe, Finnland, Manufacturing, Nokian, Nokian Tyres, production capacity, Russia, RussiaUkraineWar, UkraineRussiaWar

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