top of page

Nokian expanding, considering location of new plant

According to Reuters, Nokian will decide by the spring where to site a new Euro 200 million tire plant — either in Russia or another location in eastern Europe.

“We either build a new plant next to our factory in St. Petersburg, which is a pretty strong alternative at this point, or we build a new site somewhere in eastern Europe,” Chief Executive Kim Gran told Reuters in an interview on Monday. “It would be an easy decision for us to build even more in Russia, but then again it’s quite a risk centre for the company, since we already have 70 percent of our production there,” he added.

Nokian plans to invest Euro 350-400 million over the next three years to boost its capacity. The company is also looking at expanding in China.

1 view0 comments

Recent Posts

See All

Notch blog moves to Wix

Our blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.

Bridgestone will divest Russian operations

On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6

Nokian chooses Romania for new tire plant

Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect


bottom of page