The European Commission has approved EUR 99.5 million Romanian state aid measure to support Nokian Tyres' new zero CO2 emission tire factory in Romania
Nokian Tyres plc Stock Exchange Release August 13, 2024 at 10:00 p.m. EEST The European Commission has approved, under EU State aid rules, a EUR 99.5 million (RON 495.2 million) Romanian measure in favour of Nokian Tyres. The aid will support the establishment of Nokian Tyres’ new zero CO2 tire factory in Oradea, Romania. The press release by the Commission can be found here: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4222 Nokian Tyres total investment in the Romanian factory is worth EUR 650 million. The construction of the factory, which will be the first zero