Land purchase secures future Nokian Tyres growth in Finland
Nokian Tyres is “preparing for the future” by purchasing three hectares of land near its factory in Nokia, Finland – but it says this site won’t be home to its planned European manufacturing facility. The tyre maker says the property’s location in the immediate vicinity of its factory and headquarters “enables synergies in future development projects.”
“This land acquisition creates prerequisites for future development,” says Manu Salmi, executive vice president of Nokian Heavy Tyres and the Nokia factory. “The use of the property has not been decided yet, but it will allow us to continue growing in Nokia in the future.”
In the mid-term, increasing production capacity in Europe is one of Nokian Tyres’ key priorities. The area acquired in Nokia, Finland is not part of this project, but the purchased property is intended to secure future development opportunities at the Nokia factory.