Tag: finland
European commission approves 3.2 billion euros of battery research support
The European Commission has approved 3.2 billion euros of battery research and development support under EU State aid rules. The funding comes as the result of an Important Project of Common European interest (IPCEI) application jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries.
Test World named Inari Entrepreneurs Association Company of the Year
Test World recently won Inari Entrepreneurs Association Company of the Year due to the importance of Test World across the whole Inari region. Since 96 per cent of Test World’s customers are international, local Finnish companies also benefit from the business of Test World’s customers when they travel to the site.
Test World opens new tracks to ‘meet growing customer demand’
Test World is starting its full programme of winter tyre and vehicle testing after expanding its outdoor tracks in Ivalo, Northern Finland. The team has added 4km of new tracks to meet the rise in demand for tyre and vehicle test services, making the total length 84 km. Some tracks have been reshaped based on customer feedback and to meet changing requirements.
Nokian Tyres eliminating 41 jobs at Finnish plant
Upon concluding negotiations with employee representatives today, Nokian Tyres has announced it will make 41 workers at its plant in Nokia, Finland redundant. The tyre maker adds that 11 of these redundancies will take the form of retirement or “other agreed arrangements”. It is also still evaluating the possibility of relocating employees within the group, a measure that may decrease the total number of job reductions.
Nokian Tyres: Layoffs, dismissals at Finnish plant
Nokian Tyres is responding to what it calls the “weak development of the European car and tyre market” with plans to reduce employee numbers at its Nokia production facility in Finland. It appears Nokian Tyres is looking to lay off approximately 50 workers and additionally dismiss an unspecified number on a temporary basis.
Nokian Heavy Tyres acquires Finnish wheel company Levypyörä Oy
Nokian Heavy Tyres is acquiring a Finnish heavy equipment wheel company Levypyörä Oy. With its two business lines, wheels and steel structures, Levypyörä serves several original equipment manufacturers and aftermarket customers in forestry, agriculture and earthmoving applications. Annual net sales of Levypyörä are approximately 18 million euros.
Test World assessing tyre studs for Finnish transport agency
Millbrook’s Test World facility in Finland has been selected as the official partner of Traficom, the Finnish Transport and Communications Agency, to carry out assessments across the studded tyre market. Test World will work with Traficom over a period of three years, beginning this summer.
A million tyre selfies with SnapSkan
In the two and a half years since Nokian Tyres first invited motorists to drive into its SnapSkan machine and take photos of their tyres, a million cars have been through SnapSkan units in Finland and Norway. What Nokian has found upon reaching the seven-digit milestone in May is that a tenth of all drivers are taking a risk by driving on tyres with insufficient tread depth. The issue of insufficient tread depth is more pronounced for summer tyres, the tyre maker adds.
Court confirms sentences for misappropriation of Nokian Tyres’ business secrets
The sentencing of nine former Nokian Tyres employees for the misappropriation of business secrets has been welcomed by both the tyre maker and by Black Donuts Engineering – albeit for different reasons. Both parties now look forward to progressing beyond the case, which has been ongoing since 2011.
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.