Tag: finland
Nokian Tyres refinances with €100 million sustainability loan
Emit less gas in the workplace, be nice to others, be safe – and save money by doing so. Sound like a good idea? Nokian Tyres thinks it is, so much so that the company has signed a sustainability linked loan agreement with the OP Corporate Bank. The 100-million-euro loan with a five-year term is being used to pay off a similar-sized loan that is due in May.
Nokian Tyres: US factory launch team training in Europe
Following a month of orientation, Nokian Tyres has sent the first group of employees hired for its new factory in the USA on a six-week training experience at its facilities in Russia and Finland. The training trip’s aim is to equip members of the Dayton, Tennessee plant launch team with the skills they’ll need when beginning the production process ramp-up ahead of the start of commercial production in 2020.
TYRES: Nokian Tyres chancing stock exchange symbol
From the start of trading on Monday 20 May 2019, the stock symbol used to represent Nokian Tyres plc on the Nasdaq Helsinki stock exchange will change from NRE1V to TYRES. The tyre maker’s ISIN is FI0009005318.
STARCO dual wheels now an option for Valtra tractors
Around 30 years ago, tractor manufacturer Valtra implemented a radical strategic change that resulted in the production of machinery that is amongst the most customisable in the world. Pretty much every Valtra tractor is unique, and a third of the approximately 9,000 Valtra tractors manufactured last year went through a customising studio called Unlimited. Now, for the first time, buyers can select STARCO dual wheels on their new tractor as part of this customisation process.
Nokian’s US staff travelling to Europe for training
Nokian Tyres is sending the first group of US employees from its Dayton, Tennessee factory to Europe for training. After a month of orientation, Nokian reports that it is sending the staff group on a six-week training trip to its facilities in Russia and Finland.
Fortum claims 80 per cent battery recycling rate
All the data shows that in the years to come electrification will rapidly increase battery demand. A new solution by Nordic clean energy company Fortum purportedly makes over 80 per cent of the electric vehicle (EV) battery recyclable, returns the scarce metals back into circulation and resolves the sustainability gap by reducing the need to mine cobalt, nickel etc.
Test World opens newly expanded indoor proving ground
Test World officially opened additional new indoor test facilities at its Ivalo, Finland operation on 27 March 2019, signalling the culminating of that latest part of a multi-million-euro series of investments in Test World. The recently constructed indoor facilities increase Test World’s capacity for year-round cold weather testing, allowing for simultaneous testing on snow, ice, and wet and dry asphalt, 365 days a year.
Nokian Tyres: Test rigging case referred to Prosecutor’s Office
Finland’s central police agency, the National Bureau of Investigation, has completed its pre-trial investigation related to Nokian Tyres and accusations of tyre test rigging. It has referred the case to the Prosecutor’s Office of Helsinki.
Test World wins Tire Industry Supplier of the Year Award again
Test World has won the ‘Tire Industry Supplier of the Year’ award at the Tire Technology International Awards for Innovation and Excellence 2019. According to the company, the win recognises continued investment in Test World, with expanded indoor test facilities due to be officially opened during a ceremony on the 27 March.
Nokian named as a sustainable company in RobecoSAM Yearbook
Nokian Tyres has received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2019. RobecoSAM is an expert on sustainability whose annual assessment is considered to be a particularly reliable and comprehensive report of how sustainability is implemented in companies around the world.
Nokian Tyres building off-highway tyre R&D centre
According to Nokian Tyres, global demand for premium heavy tyres is rising and new, larger tyres for bulkier machinery need to be developed. To meet this demand, the tyre maker’s Nokian Heavy Tyres unit will erect a new research and development centre in Nokia, Finland next year.
Nokian Tyres: SnapSkan shows dangerously low tread on more than 1 in 10 cars
During the summer months of June to August, the SnapSkan tyre scanning technology from Nokian Tyres measured the condition of tyres fitted to almost 200,000 cars in Finland’s largest cities. What these free tests showed is that up 13 per cent of all cars scanned were fitted with summer tyres that have what the tyre maker calls a “dangerously low tyre tread depth.”
From Finland’s forests to the world: Nokian launches MPT Agile 2
Nokian Heavy Tyres has introduced a successor to the Nokian MPT Agile, and it says this new-generation tyre offers “several improvements over the original.” The Nokian MPT Agile 2 takes up its predecessor’s remit of offering manoeuvrability, grip and reliability both on and off the road and at any speed; the tyre is aimed at defence and peacekeeping applications, rescue vehicles and off-road trucks.
Test World opening indoor wet and dry asphalt test tracks
Next month, Test World will open its new temperature-controlled wet and dry asphalt indoor tracks at its facility near Ivalo, Finland. These new tracks complement the new and extended snow and ice indoor tracks that opened in April.
Nokian increasing Finland tyre production 30%
Nokian Tyres is increasing production capacity for passenger car tyres at its Nokia, Finland factory by approximately 30 per cent.