Tyre maker Nokian completes U.S. factory investment – Reuters

HELSINKI, March 9 (Reuters) – Finnish tyre maker Nokian Tyres has begun producing tyres for commercial sale at its new U.S. factory in Dayton, Tennessee, the company said on Monday. The $360 million investment was announced in 2017 by Nokian which previously had a large plant in Russia and a smaller one in Finland. Last year, Nokian said it aimed to double its sales in North America within five years, from 194.5 million euros ($217 million) and a little over 12% of its total sales in 2018.

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Nokian One HT makes its North American market debut

NASHVILLE, Tenn. — The Nokian One HT, the newest all-season tire for light trucks and SUVs from Nokian Tyres P.L.C, has been released for sale at retailers throughout North America.

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Nokian Tyres becomes 13th USTMA member

WASHINGTON — The U.S. Tire Manufacturers Association has accepted Nokian Tyres P.L.C. — which opened its first U.S. factory, in Dayton, Tenn., in 2019 — as its 13th member.

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Finnish tyre maker Nokian beats forecasts despite gloomy outlook – Reuters

Feb 4 (Reuters) – Finnish tyre maker Nokian said on Tuesday its fourth-quarter operating profit fell 13.8% year-on-year to 101 million euros ($111.6 million), above the average 98.7 million expected by analysts in a Refinitiv poll. . Shares in the company initially rose 3.2% following the report but dropped to around -0.9% by 1300 GMT, having hit a more than four-year low at the end January when the company gave a gloomy outlook for 2020.

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Pirelli, Nokian rebuff merger-talk reports


LONDON — Pirelli & C. S.p.A. has dismissed reports that it is in talks with Finnish tire maker Nokian Tyres P.L.C. over a possible merger.

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Bridgestone cuts stake in Nokian Tyres to 3%

NOKIA, Finland — Bridgestone Corp. has reduced its shareholding in Nokian Tyres P.L.C. to 3% from 9.96%, the Finnish tire maker disclosed recently.

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Nokian inaugurates US tire plant


Dayton, Tennessee – Nokian Tyres plc has commissioned production at its Dayton passenger/light truck tire factory two years after breaking ground on the $360 million (€330 million) project.

Nokian Tyres CEO Hille Korhonen and other Nokian executives attended the opening ceremony for the factory, the company’s third overall and first outside of Europe, on 2 Oct.

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Pirelli, Nokian, Hankook among sustainability index leaders


NEW YORK — Pirelli & C. SpA, Nokian Tyre P.L.C. and Hankook Tire & Technology Co. Ltd. are among the tire manufacturers named in the latest Dow Jones Sustainability World and Europe Indexes, which is conducted annually by RobecoSam and S&P Dow Jones.

Pirelli earned the top spot globally in the automobile and components sector with 85 points, nearly 50 points higher than the sector average of 36 points.

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Bridgestone retains top spot in Global Tire ranking


Japan’s Bridgestone Corp. retained the title of world’s largest tire maker for the 11th straight year, edging out France’s Group Michelin again.

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Central Europe slowdown impact Nokian results

Nokia, Finland – Nokian Tyres plc has reported a 12.5% year-on-year decline in first half operating profit at €148 million, on 0.3% lower sales of €763 million.

The Finnish tire maker linked the decline in sales to weak car and tire sectors in Europe, which offset gains in the heavy tire segment during the first six months of the year.

“The competitive landscape in the Central European replacement car tire market is tight due to weakness in the OE segment, as there is a high supply of…

Read the source article at European Rubber Journal