Nokian Tyres plc lowers its guidance for 2019
Nokian Tyres plc Inside Information October 22, 2019, 7:30 p.m. Due to weakened car and tire markets, Nokian Tyres plc lowers its earlier guidance for the full year 2019. The company expects markets to remain soft, and Nokian Tyres continues to adjust capacity in its factories accordingly. Despite the headwind in the market, Nokian Tyres focuses on executing its strategy. In October, the company reached a significant milestone when it celebrated the opening of its new US factory in Dayton, Tennessee. The commercial tire production in US will start in January 2020. In addition, the