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You are here: Home1 / Nokian Tyres

Nokian Tyres

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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

Is Nokian Tyres a takeover target?

Company News, International News
Nokian Tyres

How the Russia-Ukraine war, the company’s low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire

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Related news:

  1. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  2. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  3. Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’
  4. Sentury internationalising with US tyre factory investment
24th January 2023/0 Comments/by Chris

Nokian Tyres: Romania contributing 99.55 million euros to factory project

Company News, International News

The government of Romania has approved state aid of almost 100 million euros to Nokian Tyres PLC. The tyre maker intends to establish a new factory in Oradea, and the ad hoc regional state aid will finance the costs related to the factory’s establishment and address the financing gap related to this greenfield investment.

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Related news:

  1. Nokian Tyres’ US plant on track for 2020 start
  2. Commercial production starts at Nokian Tyres’ USA plant
  3. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  4. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
19th January 2023/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/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

$174 million investment: Nokian Tyres boosting USA production, warehousing

Company News, International News

Nokian Tyres is investing approximately US$174 million to double tyre capacity at its factory in the USA and to expand warehousing capabilities at the Dayton, Tennessee site. This project will lead to the creation of 75 new jobs at the Dayton facility this year, and the expansion will also enable Nokian to add light truck tyres to the plant’s product mix in 2023.

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Related news:

  1. Nokian breaks ground on new North America factory
  2. Nokian Tyres’ US plant on track for 2020 start
  3. Commercial production starts at Nokian Tyres’ USA plant
  4. Nokian Tyres producing 24/7 in the USA
12th January 2023/by Stephen

Tyre makers & the Russia dilemma

Company News, International News

Many tyre makers have faced difficult decisions in the weeks and months since Russian troops first marched across Ukraine’s border on 24 February. Companies such as Nokian Tyres, Bridgestone, Continental, Michelin, Yokohama and Pirelli have needed to decide whether to continue operating their Russian plants. Four of these manufacturers are turning their backs on Russia or considering doing so, but two apparently are not.

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Related news:

  1. How will war in Ukraine impact European tyre production?
  2. Zhongce Rubber enters global top ten tyre manufacturers
  3. World’s leading tyre companies 2022: Michelin and Bridgestone neck and neck for pole position
  4. Farewell Russia? The exit of global players offers long-term growth to domestic firms
22nd December 2022/by Stephen

Sentury Tire producing Nokian tyres for Europe

Company News

From next year, Qingdao Sentury Tire will manufacture passenger car tyres under the Nokian brand name for the Central European market. Under a recently-signed contract manufacturing agreement between Nokian Tyres plc and Qingdao Sentury Tire Co., Ltd., production of a selected range of Nokian-designed and -tested tyres will commence in the first half of 2023, with products reaching the market in the second half of the year.

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Related news:

  1. Nokian Tyres begins ‘controlled exit’ from Russia
  2. Nokian and Matador To Commence Contract Manufacturing
  3. Nokian Tyres: Lower sales & earnings in 2020
  4. Nokian Tyres: Record sales & improved margins in 2021
19th December 2022/by Stephen

Nokian Tyres recognised for ‘leadership’ in climate change mitigation

Company News
Nokian Tyres

Nokian Tyres achieved an A- score by CDP (formerly Carbon Disclosure Project) in the Climate Change sector for its actions aimed at decreasing greenhouse gas emissions and mitigating climate risks. The annual CDP report is deemed one of the most trusted indicators for performance on corporate climate change mitigation. Scores A and A- represent leadership level.

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Related news:

  1. Nokian Tyres refinances with €100 million sustainability loan
  2. Pirelli ‘Gold’ for sustainability with S&P Global
  3. Bridgestone, Pirelli and Yokohama reach CDP A list
  4. Wind energy to power Nokian Tyres’ Finnish operations
14th December 2022/by Peter Gardner

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

Growing membership, developing relationships and training – NTDA National chairman’s Simon Wright inaugural speech

UK News
NTDA

In addition to our live social media reporting and reporting the highlights of the 2022 Tyre Industry Conference in last month’s magazine, the December edition of Tyres & Accessories brings you curated coverage of the NTDA chairman and chief executive speeches as part of our “Looking back, Looking forward” review-of-the-year feature. With so much having taken place within the tyre market, the nation and the world as a whole, the two speeches offer a distinctly tyre distribution perspective on key issues relating to the associations growing membership, how it is developing relationships with other trade and charitable bodies and how it is investing in the future of the business via training initiatives.

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Related news:

  1. Halfords Autocentres joins NTDA
  2. Training, partnerships and philanthropy: NTDA national chairman Martin O’Brien’s speech
  3. Purchase Completes Vianor Chain In Sweden
  4. Nokian Tyres consulting on up to 90-day factory lay-offs
10th November 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

“Fear & insecurity” within Nokian Tyres’ Central Europe region

Company News, International News

The EU ban on tyre imports from Russia has hit one company particularly hard: Nokian Tyres. Prior to February 2022, the Finnish manufacturer produced 17 million tyres a year in a factory near St. Petersburg, 82 per cent of its global output. Ten million of these were exported, mainly to Europe. This has no longer been possible since 10 July, with consequences for Nokian Tyres’ Central Europe sales region.

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Related news:

  1. Nokian Tyres appoints Anna Hyvönen EVP of entire Passenger Car Tyres business
  2. Nokian Tyres cuts 2021 dividend as European capacity ramps up
  3. EU sanctions: “significant impact” on Nokian Tyres’ European sales
  4. Nokian Tyres raises 2022 net sales guidance
12th 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

Nokian Tyres begins ‘controlled exit’ from Russia

News

Due to the war in Ukraine and subsequent, tightening sanctions, Nokian Tyres plc has determined that it is “no longer feasible nor sustainable” to continue operations in Russia. The Finnish tyre maker’s Board of Directors thus decided today to initiate a controlled exit from this market. Exit preparations start immediately and Nokian Tyres will evaluate different options for its departure, with “due consideration to local employees and legislation.”

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Related news:

  1. EU sanctions: “significant impact” on Nokian Tyres’ European sales
  2. Nokian Tyres staying in Russia
  3. Nokian Tyres cuts 2021 dividend as European capacity ramps up
  4. Nokian Tyres raises 2022 net sales guidance
28th June 2022/by Stephen
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