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.
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.
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.
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.
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…
Nokian Breaks Ground on Admin Building at First U.S. Production Facility
Nokian Tyres has started construction on an administration building at its new factory in Dayton, Tennessee, its first production facility in North America.
The building will include meeting spaces, offices, a gym, garden and other amenities.
Nokian Tyres is partnering with EMJ Construction to construct the facility, which is scheduled for completion in mid-2020.
Nokian’s US factory produces first test tire
Dayton, Tennesee – Nokian Tyres PLC has begun trial production at its factory in Dayton, keeping the plant on schedule to begin commercial-scale production by early 2020.
The first tire produced was a Nokian eNTYRE 2.0 passenger tire, size 205/55R16, Nokian said.
“The first tire milestone is significant for our production team, our employees throughout North America and our team around the globe,” said Mark Earl, Nokian Tyres senior vice president.
Nokian heavy-tire expansion project at headquarters plant back on track
The project, designed to boost annual capacity for heavy-duty tires by 50% to 32,000 metric tons by 2021, also includes the construction of a dedicated research and development center on site.
Conti, Nokian on track with North America tire plants
Dayton, Tennessee – Nokian Tires and Continental Corp. are on schedule for new manufacturing facilities in North America, increasing capacity and incorporating new technology.
Both companies are aiming for 2020 commercial production deadlines for their facilities, which are both located in the southern US, with Nokian in Dayton and Continental in Clinton, Mississippi.
Nokian Tire introduces new excavator tire: Nokian Ground Kare
Nokian Tires unveils its latest addition to its excavator and backhoe loader tire range for meadows, roads and railways, the Nokian Ground Kare.
The recent trends in earthmoving include big, multi-function machines with heavy work attachments requiring bigger load-bearing capacity from a tire. Another change is towards faster and longer road transports, which means the tires must offer good road handling properties and withstand the wear and tear of paved roads.