Nokian Tyres to Boost Presence in Russia

Nokian Tyres P.L.C., a Finnish based company who supply tyres for a wide range of vehicles including cars, trucks, buses, and heavy-duty equipment, is to construct a second manufacturing facility in the Vsevolozhsky district of Russia's Leningrad Region in Russia.

The new plant will be built alongside Nokian’s existing factory in Vesevolozhsk.

In the beginning of 2011 Nokian passenger car tyres’ annual production capacity was approximately 13 million tyres. During 2011 the new production lines in the Russian factory will increase the annual capacity to approximately 15 million tyres. Nokian Tyres plans to increase production capacity further and invest approximately €240 million during 2012-2013.

“Market outlook has strengthened clearly and we need more production capacity. We, together with the local authorities, are preparing a new plant next to the current one, which will increase our annual car tyre capacity by 5-6 million tyres. Negotiations about tax relieves and infrastructure investments are in their final stage. According to plans, the new plant can be taken into use during 2012 and the capacity increase during 2012-2014.

We are also considering adding production capacity for heavy tyres in order to serve the growing demand. We will make a decision on this matter during this year”, states Kim Gran, President and CEO of Nokian Tyres, in his recent review.