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…
Tag: nokian tyres
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…
Nokian Tyres breaks ground on EUR650 mn plant in Romania
Nokian Tyres recently broke ground at its new passenger car tyre factory in Oradea, western Romania, one of the biggest greenfield investments in the country in recent years. Nokian says the factory in Oradea, which will require a total investment…
Tatneft’s purchase of Nokian Tyres ops in Russia approved
Finland-based tyre maker Nokian Tyres says it has been informed by PJSC Tatneft that the Russian government commission that monitors foreign Investments has approved PJSC Tatneft’s purchase of Nokian Tyres plc’s operations in Russia. The signing of the transaction was…
Nokian Tyres to invest US$174 mn in US facility expansion
Finland’s Nokian Tyres plans to expand its Tennessee plant in the US to double its output and produce 4 million car tyres/year by 2024. The project will add light truck tyres to Dayton’s production mix in 2023, in addition to…
Nokian Tyres running three-shift production at facility
Finnish tyre maker Nokian Tyres is increasing its production capacity for passenger car tyres significantly at the Finnish factory by moving into an uninterrupted three-shift system. With this capacity increase, approximately 80 new jobs will be created for the passenger…
Nokian Tyres, Vianor launch tyre monitoring service that uses 3D scanning
Finland-based tyre manufacturer Nokian Tyres has teamed up with service chain Vianor to launch an innovative tyre monitoring service that uses 3D scanning technology to measure tread depth quickly and efficiently. The drive-over scanners are designed to be installed along…
Nokian to lay off workers in Finland
THE statutory negotiations at Nokian Tyres Finnish factory ended on 17 December 2012. Improving productivity and adjusting production will be executed mainly with temporary lay-offs; in addition 28 production workers and officials will be laid off permanently. The car tyre…