Finnish tyre maker Nokian Tyres recently opened its passenger car tyre factory in Oradea, Romania. The factory inauguration marks the successful completion of a two-year long project and sets the ground for commercial production in early 2025. The factory produced…
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Nokian Tyres to add renewable material from birch bark to tyres
Nokian Tyres has signed a development agreement with Swedish biomaterial science company Reselo AB to further develop its renewable material Reselo Rubber as a potential new raw material in tyres. Reselo Rubber is a completely renewable material made from birch…
Nokian Tyres receives EUR150 mn EIB loan for Romanian tyre plant
The European Investment Bank (EIB) is lending Nokian Tyres EUR150 million for the construction in Romania of the world’s first plant for producing passenger car tyres without emitting carbon dioxide (CO2). The credit to Finland-based Nokian Tyres is for a…
Nokian Tyres completes ramp-up of US facility
Finland’s Nokian Tyres has opened a new finished goods warehouse in Dayton, Tennessee, marking the completion of a ramp-up process at the company’s US production facility. Nokian Tyres began tyre production at the US factory in 2020 and has since…
Nokian ties up with Enviro/Antin for sustainable rCB
Tyre maker Nokian Tyres says it has made a long-term purchase agreement with a tyre recycling joint venture, namely Antin Infrastructure Partners and Scandinavian Enviro Systems, for sustainable material. The agreement will help Nokian Tyres reach one of its key sustainability…
Top European tyre makers targeted in EU raids
European Union (EU) antitrust regulators have undertaken unannounced raids on the offices of top European tyre manufacturers: Italy’s Pirelli, Germany-based Continental, France’s Michelin and Finland’s Nokian Tyres, as part of an investigation into a possible cartel deal. The European Commission,…
Nokian Tyres signs EUR200 mn sustainability-linked credit facility
Nokian Tyres says it has signed a syndicated sustainability-linked revolving credit facility of EUR200 million with a group of five banks. The interest margin of the revolving credit facility will increase or decrease dependent on Nokian Tyres meeting sustainability performance…
Nokian claims lowest emissions in tyre industry
Nokian Tyres says it has reached one of its key emissions reduction targets seven years ahead of schedule. One of the company’s science-based greenhouse gas emissions reduction targets was to cut its tyre factories’ CO2 emissions by 52% per production tonne…
Nokian Tyres introduces electric fit symbol for EV tyres
What started as a niche market has grown into an interest of the masses, as the number of electric vehicles (EV) bought each year keeps growing globally. With the expanding EV market, tyre design is also affected by the electrification…
Nokian Tyres issues EUR100 mn sustainability-linked bond
Finnish tyre maker Nokian Tyres says it has issued euro-denominated senior unsecured sustainability-linked notes in a nominal amount of EUR100 million with ISIN FI4000556444. The Notes will bear a fixed annual interest at the rate of 5.125% and will mature…