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You are here: Home1 / Nokian Tyres

Nokian Tyres

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EU sanctions: “significant impact” on Nokian Tyres’ European sales

Company News

The latest EU sanctions against Russia will seriously affect Nokian Tyres and its business in Europe. The tyre maker says the sanctions will have a “significant impact” on its ability to manufacture tyres in Russia, which will reduce its ability to sell tyres in the EU, and within Central Europe in particular.

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Related news:

  1. Nokian Tyres drops 2022 guidance due to Russian invasion
  2. Nokian Tyres staying in Russia
  3. Nokian Tyres cuts 2021 dividend as European capacity ramps up
  4. Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
11th April 2022/by Stephen

Nokian Tyres investing 106 million euros in new European factory

Company News, International News

Nokian Tyres is expediting “plans to invest in new production capacity in Europe” in response to the sanctions against Russia, where the company has significant levels of tyre production. Specifically, Nokian’s board of directors will cut the dividend payable to shareholders by 106 million euros to fund the new capacity. Nokian Tyres will also increase capacity at its factories in Finland and the US with a view to becoming more geographically diversified in its manufacturing operations.

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Related news:

  1. Nokian Tyres staying in Russia
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Why Doublestar’s Kumho purchase is a good idea
  4. Linglong investing almost $1 billion in new circular economy-focused China tyre factory
8th April 2022/by Chris

Nokian Tyres cuts 2021 dividend as European capacity ramps up

Company News

The war in Ukraine has brought “high uncertainty” to Nokian Tyres’ operational environment and manufacturing capacity, and as a result it is accelerating plans to invest in new production capacity in Europe. To help fund this capacity, the Board of Directors at Nokian tyres has decided to decrease the dividend payable for the 2021 financial year.

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Related news:

  1. Nokian tyres implements Ukraine contingency plans, donates to UNICEF
  2. Nokian Tyres staying in Russia
  3. Nokian and Matador To Commence Contract Manufacturing
  4. Nokian Reports “Satisfactory Results” for 2009
31st March 2022/by Stephen

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 Tyres: Record sales & improved margins in 2021

Company News

Nokian Tyres posted all-time record sales in the past financial year. The Finnish manufacturer reports that its sales rose by 29.7 per cent (comparable currencies) to 1.71 billion euros. Operating profit also improved considerably, rising 123.5 per cent to 268.2 million euros. This resulted in an operating margin of 15.6 per cent, up 6.5 percentage points on the 2020 result. The tyre maker’s Board of Directors has proposed a dividend of 1.32 euros per share, to be paid in two instalments.

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Related news:

  1. Nokian Tyres: Lower sales & earnings in 2020
  2. Nokian Tyres: ‘strong volume & profit growth’ in H1 2021
  3. Russia continues to pound Nokian Tyres’ sales and profits
  4. Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018
14th February 2022/by Stephen

Outpost AT – Nokian Tyres launches latest all-terrain tyre

Product News

Nokian Tyres has introduced the first model in a family of tyres it says will “strongly support” the company’s growth targets in coming years. This is the Nokian Tyres Outpost AT, an all-season tyre for SUVs, crossovers and light trucks that “delivers safe, durable driving on any road – or off the road.” The Finnish manufacturer plans to sell this all-terrain product in markets all around the world.

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Related news:

  1. Nokian to introduce 100% renewable, recyclable concept tyre by 2025
  2. Nokian Tyres starts testing at Spain Test Center
  3. Nokian Tyres Renewed its Truck Tyre Range
  4. Nokian Net Income Down 17% in 2008
18th January 2022/by Stephen

Nokian moving to 24/7 production in Finland

Company News, International News

Round the clock, seven days a week production will soon be reality at the Nokian Tyres plant in Nokia, Finland. The tyre maker says the change to this format should “significantly” increase production capacity for passenger car tyres. Nokian is creating approximately 80 new jobs at the factory to accommodate this higher capacity.

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Related news:

  1. Nokian Heavy Tyres lifting production capacity by 50%
  2. Nokian Tyres ramping up car tyre capacity in Finland
  3. Safety award for Nokian Heavy Tyres
  4. Nokian and Matador To Commence Contract Manufacturing
18th November 2021/by Stephen

Nokian adds to E-Truck & R-Truck ranges

Product News

New sizes have joined the Nokian E-Truck medium/regional haul and Nokian R-Truck on-/off-road ranges. Nokian Tyres has introduced a steer axle Nokian E-Truck Steer fitment in size 385/55R22.5 as well as a Nokian R-Truck Trailer tyre in size 285/70R19.5.

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Related news:

  1. New 17.5” sizes for Nokian E-Truck range
  2. 19.5” sizes join Nokian E-Truck range
  3. Nokian Tyres Renewed its Truck Tyre Range
  4. Nokian introduces all-weather truck trailer tyre
5th November 2021/by Stephen

Nokian Tyres: Healthy YTD sales

Company News

Nokian Tyres has regained its operational strength. The Finnish manufacturer shares that its sales rose by more than a third in the first nine months of this year, while operating profit more than quadrupled over the same period, nudging the margin up to 17.9 per cent.

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Related news:

  1. Russia continues to pound Nokian Tyres’ sales and profits
  2. Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018
  3. Nokian Tyres: Lower sales & earnings in 2020
  4. Nokian Tyres: ‘strong volume & profit growth’ in H1 2021
3rd November 2021/by Stephen

Time to deliver – Nokian Tyres aiming for 7% annual growth

Company News

Finland’s Nokian Tyres says that its large investment phase is now over and, following revisions to the company’s mid-term strategy, the goal is now to “fully benefit” from these investments. The company aims for organic growth ahead of the market and increasing market share in all key regions, with a target to achieve net sales of 2 billion euros in the mid-term.

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Related news:

  1. Tax bill: Nokian Tyres wins appeal
  2. TYRES: Nokian Tyres chancing stock exchange symbol
  3. Nokian Tyres refinances with €100 million sustainability loan
  4. Nokian Tyres: Lower sales & earnings in 2020
5th October 2021/by Stephen

Wind energy to power Nokian Tyres’ Finnish operations

Company News

Under a new ten-year agreement, Nordic energy company Gasum will supply renewable wind energy for the electricity Nokian Tyres uses in its factory in Finland as well as its Vianor operations within the country. Supply of power produced at a new wind farm in North Ostrobotnia will start in 2023.

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Related news:

  1. Nokian Tyres refinances with €100 million sustainability loan
  2. Nokian Tyres consulting on up to 90-day factory lay-offs
  3. Nokian Tyres adjusting output in Russia, freezes hiring at new USA plant
  4. Nokian Tyres installs solar plant at Finnish logistics centre
27th September 2021/by Stephen

Nokian Tyres: ‘strong volume & profit growth’ in H1 2021

Company News

The difference a year can make. Almost 12 months to the day after reporting an operating loss of 13.7 million euros for the first half of 2020, Nokian Tyres has announced achieving an operating profit of 126.1 million in the six months to 30 June 2021 with an earnings per share of 0.72 euros. It achieved this result on the back of net sales that were up 37.7 per cent year-on-year to 758.0 million euros. Nokian Tyres notes that when looking at comparable currencies, net sales increased by 41.5 per cent.

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Related news:

  1. Nokian Tyres: Lower sales & earnings in 2020
  2. Russia continues to pound Nokian Tyres’ sales and profits
  3. Nokian Tyres: ‘Good development’ despite currency headwinds in Q1 2018
  4. Nokian Tyres: Lower sales and operating profit in 2020
3rd August 2021/by Stephen

Nokian Tyres producing 24/7 in the USA

International News

Nokian Tyres has added a fourth production shift at its North American factory in Dayton, Tennessee, and is now producing tyres around the clock at its 2019-opened facility. The switch to 24/7 production coincides with the Dayton plant’s ISO 14001 certification.

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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 North America President to Retire
  4. Vianor Expands into New Hampshire
26th July 2021/by Stephen

Nokian adds to Hakkapeliitta TRI range

Product News

Contractors who operate tractors in regions where winters are harsh rely on tyres that provide grip in varying conditions, such as the Nokian Hakkapeliitta TRI. Nokian Heavy Tyres has expanded this range with the addition of two 65-series sizes, 540/65R28 and 650/65R38. A total of 29 dimensions are now available.

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Related news:

  1. Nokian adds to Ground King range
  2. Nokian CT tyre range extended to five sizes
  3. From Concept to King – Agritechnica launch for Nokian contractor tyre
  4. Nokian launches next-generation winter truck tyre
24th June 2021/by Stephen
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