Nokian Tyres is preparing for the future by purchasing property in Nokia, Finland

Nokian Tyres plc Press release June 21, 2022 at 5.00 p.m.

Nokian Tyres is buying three hectares of land in Nokia, Finland. The property’s location in the immediate vicinity of Nokian Tyres' headquarters and Nokia factory enables synergies in future development projects.

"This land acquisition creates prerequisites for future development," says Manu Salmi, Executive Vice President, Heavy Tyres and Nokia factory. "The use of the property has not been decided yet, but it will allow us to continue growing in Nokia in the future."

In the mid-term, increasing production capacity in Europe is one of Nokian Tyres' key priorities. The area acquired in Nokia, Finland is not part of this project, but the purchased property is intended to secure future development opportunities at the Nokia factory.

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations

Further information: Manu Salmi, EVP, Heavy Tires 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