Nokian Tyres acquires an industrial property in Nokia, Finland

Nokian Tyres plc Press release October 13, 2022 at 11:00 am

Nokian Tyres has acquired the entire share capital of the industrial property at Pirkkalaistie 1 in Nokia, Finland from a real estate company Nokian Portti Oy.

The total floor area of the building is approximately 27,000 square meters, and it is directly connected to Nokian Tyres’ headquarters and Nokia factory. After the acquisition, Nokian Tyres has close to 150,000 square meters of space along Pirkkalaistie.

"We are very pleased to acquire more space for our use. The use of the property has not been decided yet, however larger spaces allow us more flexibility and opportunities to plan future operations and growth in Nokia", says Manu Salmi, Executive Vice President, Heavy Tyres and Nokia factory.

Nokian Tyres announced in June that it had bought three hectares of land in the vicinity of the Nokia factory. By acquiring the land and property, the company intends to secure future development opportunities at the Nokia factory.

Further information: Manu Salmi, Executive Vice President, Heavy Tyres and Nokia factory, tel. +358 50 3648692

Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Our purpose is to empower the world to drive smarter. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2021, the company’s net sales were EUR 1.7 billion and it employed some 4,900 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com