While the Finnish tyremaker is best known for its winter and Nordic market-orientated products, Nokian Tyres is currently promoting its “versatile summer tyre selection for Central European market”. Nokian’s latest generation summer tyre range features “Dual Zone Safety technology”, which is specially developed for varying summer conditions. According to the company, this technology was first introduced in the passenger car models and then carried on to the SUV and cross-over range. Nokian Tyres’ products offer premium driving comfort, durability and, above all, first-class safety – ensuring perfect peace of mind for all summer trips.
Nokian has appointed Jukka Moisio president and CEO as of 27 May, 2020. Hille Korhonen will step down after leading the company for the last three years. Moisio has led international companies previously, such as Huhtamäki Oyj, a global packaging company, and Ahlstrom Oyj.
Toni Silfverberg has been appointed to lead Nokian Tyres’ new Marketing & Sales Excellence team starting 1 June 2020. Silfverberg will be a member of Nokian Tyres management team and report to Jukka Kasi, SVP products and marketing. Toni Silfverberg moves to the position from Nokian Heavy Tyres, where he has been leading sales and marketing globally. Previously Silfverberg has worked in international companies like H+H International A/S and Inion Oy, where he had leading roles in sales and marketing, finance and ICT.
The demands placed upon tractor tyres are evolving. In addition to field work, the volume of transport tasks and time spent on the road has increased significantly in recent years. This trend presents a challenge for tyre designers as field and road applications are very different by nature. Nokian Tyres approached this challenge with a new kind of hybrid pattern technology that aims to offer the best of both worlds, combining a field-ready lug pattern with a block pattern to improve on-road properties. But does it work in practice? The Faculty of Agriculture, Department of Agricultural Engineering at Germany’s Kiel University put the Nokian Ground King tyre through its paces to find out.
Nokian Tyres reports that the shutdown which began on 27 March in response to COVID-19 ended on Monday 27 April with the reopening of its factory in the USA. Some plant employees have returned to work for the start of a phased reopening process. The company’s factory in Russia resumed production on 6 April.
Adrian Kaczmarczyk (Dipl. Ing. Engineering, MBA) has been appointed Nokian Tyres Senior Vice President, Supply Operations. He will take up the position on 1 November 2020 at the latest. Nokian Tyres current SVP, Supply Operations Esa Eronen will retire at the end of this year after working for more than 30 years in the company.
Production at the Nokian Tyres’ Russian factory in Vsevolozhsk re-launched on Monday 6 April 2020. According to the company, the restrictions adopted by the the Russian presidential decree dated 2 April 2020 extending the “non-working regime’ until the end of April, do not apply to Nokian’s Vsevolozhsk factory. This is said to be because “as it is a continuously operating enterprise…it is thus allowed to continue normal operations”.
It’s almost two years since the reign of the Nokian Tractor King began, and this regally-titled agricultural tyre range has more than doubled in size since coming to market. It is growing again in 2020 with the addition of a dimension that Nokian Heavy Tyres says expands the tyre family’s potential even further.
Nokian Tyres has announced a dividend of 0.79 euros per share for the 2019 financial year, paypayble 17 April 2020. In addition, the company’s Board of Directors is authorised to approve an additional dividend payment of up to 0.79 euros per share “at a later stage when Nokian Tyres is able to make a more reliable estimate on the impacts of the COVID-19 to the company’s business.” This authorisation is valid until the company’s next Annual General Meeting.
Employee cooperation negotiations concerning Nokian Tyres’ workforce in Finland have concluded. The outcome of these negotiations is that all 1,630 employees of Nokian Tyres plc, Nokian Heavy Tyres Ltd, Vianor Holding Oy and Vianor Oy will be temporarily laid off. The length of time that each employee will be laid off depends upon their function within the company, however Nokian says nobody will be laid off for more than 90 days this year or, in the case of Vianor Oy, between now and February 2021.
Due to the COVID-19 outbreak and the uncertainty it has created within the automotive and tyre market, the Board of Directors of Nokian Tyres plc has decided to withdraw the company’s financial guidance for 2020 that it published on 4 February 2020. Due to the prevailing uncertainties, the Board is not in a position to give a new guidance.
Due to the impacts of COVID-19, Nokian Tyres will temporarily cease production at its factories in the USA and Russia. The plant in Dayton, USA will close on Friday for a minimum of two weeks. At Nokian Tyres’ Russian factory, the production shutdown will start on Monday, 30 March and will last for a week. Nokian Tyres will continue supplying customers through its regional warehouses.
In addition to the temporary layoffs planned for its factory in Finland and announced last week, Nokian Tyres is implementing changes at its other sites in response to the COVID-19 outbreak. Production output in Russia will be flexibly adjusted “in line with global demand.” While the ramp-up of Nokian’s new plant in the USA continues, the company has postponed recruitment of additional employees. Furthermore, work on the new test centre in Spain has also temporarily stopped, delaying the project.