The Tire and Rubber Association of Canada News
Increasingly more smart technology and artificial intelligence are being introduced into tires and vehicles.
According to a survey commissioned by Nokian Tyres, 34% of European drivers hope that in future, their tires will adapt to the weather conditions.
The Internet of Things is rapidly being introduced into consumer products. Sensors in these products can measure, identify and react to changes in the environment. A smart tire, for example, can monitor itself and its surroundings.
DAYTON, Tenn.—Nokian has posted the “Help Wanted” sign outside of its tire plant in eastern Tennessee.
Nokia, Finland – Nokian Tyres has received a ‘silver class’ distinction in the RobecoSAM Sustainability Yearbook 2019, the Finnish tire maker announced 14 Feb.
RobecoSAM carries out an annual evaluation of companies’ efforts to minimise the environmental-impact of their products and activities.
Nokian, which last year received a ‘bronze’ rating, is following a sustainability-improvement plan, with several specific targets for 2020.
NOKIA, Finland — Nokian Tyres P.L.C. has developed a premium winter tire for light trucks, the Hakkapeliita LT3, which is offered with stainless studs for areas where studs are allowed.
Nokian Tires announced it has hired Stephen DeCastro to lead North American financial operations from the company’s new office in Nashville, Tennessee. DeCastro will serve as Nokian Tires’ Head of Finance and Controlling for the Americas region.
“We are excited to welcome Stephen to our team,” said Nokian Tires Senior Vice President, Americas Mark Earl. “His experience will help us build scalable financial systems that will support our growth.”
Stephen DeCastro | © Nokian Tires
Nokian Tires announced it has opened a new research and development center in Nokia, Finland to address demand for premium heavy duty tires.
The modern research and development center accelerates the testing phase of new tire models, maintaining the premium quality that Nokian Tires has been known for 120 years.
“In the entire history of Nokian Tires, this is the most remarkable investment in the product development of heavy tires”, says Nokian Heavy Tires R & D Manager Kalle Kaivonen.
NOKIA, Finland — Nokian Tyres P.L.C. is looking to double its sales in North America in the coming five years, CEO and President Hille Korhonen said in Nokian’s third-quarter financial results presentation.
The Board of Directors at Nokian Tyres has set new financial targets for 2019-2021. These targets include faster than market growth of more than five per cent CAGR, EBIT at 22 per cent and a shareholders’ dividend of more than 50 per cent of net earnings. Nokian says the financial targets will guide the company in reaching the strategic ambitions it set in early 2018, which include increasing sales by 50 per cent in Central Europe and doubling them in North America within the next five years.
Nokian shares tumbled 14 percent on the latest warning from the automotive industry after a string of trimmed forecasts and weak results from Michelin, Continental and Daimler.
Nokian, which has a large plant in Russia and a smaller one in Finland, said 2018 sales and operating profit were now expected to be flat or slightly higher than 2017, compared with a previous forecast of growing sales and profit.
DAYTON, Tenn.—Nokian Tyres has hired two members of the leadership team for its first North American tire facility, a 830,000-sq.-ft. plant in Dayton that is on schedule to produce products in 2020.