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Home BUSINESSNokia tyre to build new plant
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Wed, 18 Nov, 2015 12:03:33 AM
FTimes – STT Report, Nov 18
 
Nokian Tyres plant. File Photo – Lehtikuva.
Tyre manufacturer Nokia Tyres is planning to build its third plant, the location of which will be decided by next autumn.
 
Nokia now has factories in the towns of Nokia, Finland, and Vsevolozhsk, Russia.
 
The company justifies the construction of a new plant with strong position in core markets, expanding its distribution network, an improved cost structure and test-winning products, all of which give the opportunity for growth.
 
About forty percent of Nokia Tyres' net sales come from Nordic countries, 24 percent from elsewhere in Europe, and 26 percent from Russia and CIS (Commonwealth of Independent States) countries.
 
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