Nokian Heavy Tyres to increase its production capacity by 50%, investing EUR 70 million in Nokia
Nokian Tyres plc Company Release December 22, 2017, at 10 am
Nokian Heavy Tyres Ltd, part of the Nokian Tyres group, is increasing its production capacity by 50% by investing total approximately EUR 70 million in its factory in Nokia over the following three years. With the capacity increase, approximately 50 new people will be hired for the production of heavy tyres.
– The international heavy tyres market has developed positively and our sales has been increasing. We want to support also our customers’ growth by increasing our production capacity in our current factory in Nokia, Finland. Nokia is a natural choice for location due to skilled personnel and capabilities to produce high quality products in the modernised factory, says Manu Salmi, Vice President for the Nokian Heavy Tyres unit.
The aim is to increase the maximum capacity for heavy tyre production from approximately 20 million kg to 32 million kg.
Nokian Heavy Tyres Ltd has also signed an agreement with local labour union on increasing competitiveness through flexibility. The agreement motivates the personnel to develop multiple skills. This agreement remains in force until the end of 2020.
– We want to grow with focus on customer service, safety and quality. We are taking this important step together with our committed personnel, Salmi says.
Nokian Heavy Tyres – Tailored special expertise from the north
Nokian Heavy Tyres’ product development stems from 80 years of expertise in the field of winter tyres and a thorough understanding of extreme conditions. Nokian Heavy Tyres is the global market leader in forestry tyres, and its experience with the changing seasons, the harsh northern environment and long-term product development efforts focusing on carefully selected product segments have made Nokian Heavy Tyres one of the world-leading special tyre manufacturers. Nokian Tyres products are known for their extremely high quality that guarantees a long service life and reliable functionality for a variety of uses and conditions.
Nokian Tyres plc
Vice President, Marketing and Communications
Further information: Manu Salmi, Vice President, Nokian Heavy Tyres Ltd, tel. +358 10 401 7680
Distribution: Media and www.nokiantyres.com
Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 27 countries. In 2016 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com