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You are here: Home1 / finland

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Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’

Company News, International News
Source: Solidium Oy

Publishing its second-half 2022 report on 25 January, Solidium Oy (Nokian Tyres’ largest single shareholder) expressed confidence in the Finnish tyremaker’s work last year.

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Related news:

  1. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  2. Is Nokian Tyres a takeover target?
  3. Nokian Tyres appoints Anna Hyvönen EVP of entire Passenger Car Tyres business
  4. Nokian renews winter tyre range
25th January 2023/0 Comments/by Chris

Pyrum & Polyfuels building 4 JV pyrolysis plants

Company News

German pyrolysis technology company Pyrum Innovations AG has signed a letter of intent with Norway’s Polyfuels Group AB to jointly build and operate up to four pyrolysis plants for the processing of end-of-life tyres (ELT). The joint venture plants will be based on Pyrum technology and will be realised by Circular Tires AS, a wholly owned subsidiary of Polyfuels. The partners intend to build pyrolysis plants for recycling waste tyres in Norway, Sweden, Finland and Estonia by 2030.

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Related news:

  1. Pyrum Innovations, Siemens begin technology partnership
  2. Pyrum to set up JV pyrolysis plant
  3. Pyrum Innovations gains permit for expanded main plant
  4. Pyrum’s Pascal Klein a Capital ‘Top 40 under 40’
24th January 2023/0 Comments/by Stephen

Nokian Tyres adds L-5S fitment to HTS G2 harbour range

Product News

In a busy terminal, tyre stability and long service life are key factors in ensuring operational safety and efficiency for reach stackers, forklifts and log stackers. Nokian Tyres says it developed the HTS G2 harbour tyre family for this purpose, adding that this range’s “excellent stability, good grip and predictable service life has been impressing users for years.” The scope to impress has now grown with the arrival of a new HTS G2 family member. As of 17 January, the Nokian Tyres HTS G2 L5-S, a fitment intended for use on reach stacker front axles, is available in size 18.00-25.

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Related news:

  1. Finnish Pride: Nokian Heavy Tyres granted use of ‘Key Flag’ symbol
  2. Nokian Tyres building off-highway tyre R&D centre
  3. Nokian Tyres stopping production for two weeks in April
  4. Safety award for Nokian Heavy Tyres
17th January 2023/0 Comments/by Stephen

Finnish Pride: Nokian Heavy Tyres granted use of ‘Key Flag’ symbol

Company News, International News

The Association for Finnish Work, a Helsinki-based organisation tasked with raising the profile of Finnish-made products and ensuring their success, has granted Nokian Heavy Tyres the right to use its Key Flag symbol on tyres, wheels and retreading materials. The Key Flag denotes that these products are produced in Finland and contain at least 50% domestic content.

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Related news:

  1. Nokian moving to 24/7 production in Finland
  2. Nokian Heavy Tyres lifting production capacity by 50%
  3. Safety award for Nokian Heavy Tyres
  4. Land purchase secures future Nokian Tyres growth in Finland
13th January 2023/by Stephen

Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure

Company News, International News

At the end of June, Nokian Tyres announced that it was executing a “controlled exit” from Russia. By August Russian news sources were reporting that Nokian was accepting “binding offers” for its Russian tyre plant up until the end of September. At the end of October, Nokian confirmed that it had agreed terms with Tatneft to sell its Russian tyre operations for roughly 400 million euros. More than a month later, Nokian Tyres spokespeople are speaking of “substantial uncertainties” relating to the Tatneft deal.

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
  3. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  4. Nokian Tyres staying in Russia
2nd December 2022/by Chris

Nokian Tyres expands Nokia site

Company News, International News

Nokian Tyres has acquired a property adjacent to its headquarters and factory in Nokia, Finland. With the addition of this 27,000 square metre building, the Nokian Tyres site in Nokia approaches 150,000 square metres in total.

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Related news:

  1. Nokian moving to 24/7 production in Finland
  2. Land purchase secures future Nokian Tyres growth in Finland
  3. Nokian Tyres Strengthens Retail Network
  4. Nokian Trials RFID System
13th October 2022/by Stephen

Nokian Tyres appoints Anna Hyvönen EVP of entire Passenger Car Tyres business

Company News

At a time when it is investing in new European capacity and exiting Russia, Finland’s Nokian Tyres has announced a reorganisation of its structure and management. These measures centre upon a combining of all Passenger Car Tyres commercial operations under the leadership of Anna Hyvönen, who currently serves as executive vice-president North America, Nordics and Vianor. Bahri Kurter, executive vice-president Central Europe at Nokian Tyres, is leaving the company to “pursue his career outside of Nokian Tyres.”

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Related news:

  1. Nokian handed additional tax bill
  2. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
  3. Nokian Tyres cuts 2021 dividend as European capacity ramps up
  4. Nokian Tyres raises 2022 net sales guidance
25th August 2022/by Stephen

Environmental permit granted for Keliber’s Lithium chemical plant

International News

On 28 June, the Regional State Administrative Agency for Western and Inland Finland (AVI) granted the environmental permit for Keliber’s lithium chemical plant. The plant will be built in Kokkola Industrial Park (KIP).

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Related news:

  1. Fortum claims 80 per cent battery recycling rate
  2. Comau and Leclanché developing automated lithium-ion battery production line
  3. European commission approves 3.2 billion euros of battery research support
  4. Ecopia carries Nissan Leaf on record journey
30th June 2022/by Peter Gardner

Land purchase secures future Nokian Tyres growth in Finland

Company News

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.”

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Related news:

  1. Nokian moving to 24/7 production in Finland
  2. Nokian Heavy Tyres lifting production capacity by 50%
  3. Nokian Tyres ramping up car tyre capacity in Finland
  4. Safety award for Nokian Heavy Tyres
21st June 2022/by Stephen

Nokian Q1 shows strong growth with Ukraine war effects set to bite in Q2

Company News
Nokian Tyres

The effects of the Ukraine war are not present in Nokian’s first quarter reporting, published on 28 April. The company has seen good levels of Q1 growth versus 2021, especially in its car tyre sales, but also in its commercial tyre business. However, with the manufacturer highly leveraged on Russian manufacturing and European sanctions against the country ramping up, it has announced to investors that all bets are off regarding its 2022 forecasts. The negative effects are largely related to passenger car tyre sales – Nokian explains that its “Heavy Tyres” are produced in Finland. It adds that while it has stopped the distribution of these products in Russia, “Nokian Tyres has never sold tyres to the Russian army, and the Russian Federation is not a customer of Nokian Tyres.”

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. Nokian Tyres staying in Russia
  3. Nokian to invest $360 million in new US tyre factory
  4. Bridgestone lost some data in Americas ransomware attack
29th April 2022/1 Comment/by Andrew

Nokian Tyres staying in Russia

Company News

Nokian Tyres has explained the decision to retain its manufacturing operation in Russia, a facility that reportedly produced 82 per cent of Nokian’s passenger and light commercial vehicle tyres last year. The Finnish tyre maker states that by continuing to operate the passenger car tyre factory in Vsevolozhsk, Russia it wants to “make sure that the factory is operated and controlled by Nokian Tyres also in the future.”

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Related news:

  1. Nokian Tyres adjusting output in Russia, freezes hiring at new USA plant
  2. Nokian Tyres: US factory launch team training in Europe
  3. Nokian moves selected tyre production out of Russia
  4. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
22nd March 2022/1 Comment/by Stephen

Nokian tyres implements Ukraine contingency plans, donates to UNICEF

Company News, International News
Nokian Tyres

The crisis in Ukraine has impacted upon Nokian Tyres’ business in multiple ways, and the company has now activated contingency plans to “mitigate the financial and operational impacts” upon business. At the same time, it has donated 100,000 euros to UNICEF to help children in the war zone.

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Related news:

  1. Nokian moves selected tyre production out of Russia
  2. Nokian Reports “Satisfactory Results” for 2009
  3. Walkout Planned at Nokian Tyres Facility
  4. Russia the key driver of Nokian’s growth
8th March 2022/by Stephen

Nokian moves selected tyre production out of Russia

Company News, International News
Nokian

In light of the Russia-Ukraine war, Nokian has established a crisis management team to safeguard staff and production at its Vsevolozhsk, Saint Petersburg, Russia tyre factory and is relocating the production of certain tyre lines to Finland and the US. Nokian employs 1,600 people in Russia. Net sales in the company’s Russia & Asia business unit amounted to 336 million euros in 2021.

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Related news:

  1. Nokian to invest $360 million in new US tyre factory
  2. Nokian Tyres drops 2022 guidance due to Russian invasion
  3. Nokian Reports “Satisfactory Results” for 2009
  4. Nokian’s US staff travelling to Europe for training
1st March 2022/by Chris

Apollo Tyres signs Vredestein distribution deal with Sweden’s Amring

Company News, International News

Swedish tyre wholesaler is now the exclusive distributor of the Vredestein range of car, light commercial and classic tyres in Sweden and Finland. Apollo Tyres will end direct sales to retailers of these Vredestein tyre categories as of 1 March 2022 and instead actively support Amring in further building the brand’s market share in these two markets. Apollo Tyres Nordic AB will continue selling Apollo TBR and OHT products directly in all Nordic markets.

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Related news:

  1. Van den Ban acquires Swedish tyre wholesaler Amring
  2. ‘Only efficiency will save tyre distributors’ – Top 5 European tyre wholesaler Fintyre
  3. Fintyre now sole Italy distributor for Triangle tyres
  4. Bain Capital buys US distributor Dealer Tire
15th February 2022/by Stephen

Nokian Tyres launches sustainability innovation challenge

Company News

Nokian Tyres is launching an innovation challenge to change the future of driving. The “Fast Race, Big Change” challenge is an open competition inviting start-ups, businesses, students and academics to innovate for more sustainable tyres. The finalists will be offered the unique opportunity to pitch their idea at Nokian Tyres’ legendary – and rather dauntingly named – ‘White Hell’ tyre testing centre in Lapland, during one lap on a test track. The winner will have the chance to collaborate with the Nokian Tyres R&D experts to craft their idea into reality.  

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Related news:

  1. Nokian Tyres building off-highway tyre R&D centre
  2. Nokian named as a sustainable company in RobecoSAM Yearbook
  3. Nokian Tyres refinances with €100 million sustainability loan
  4. Test World becomes first centre in Europe to offer ASTM 1805 winter tyre testing
3rd February 2022/by Peter Gardner
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