Nokian Tires appoints new Finance lead for the Americas Region

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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

Read the source article at Traction News

Nokian opens new research center for heavy duty tires in Finland

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.

Read the source article at Traction News

Nokian sees North American sales doubling in five years

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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.

Read the source article at Tire Business

Nokian Tyres: Financial targets aim for faster growth in Europe, North America

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.

Read the source article at Tyrepress

Tyre maker Nokian profit hit by Russia, Norway issues, emissions rules

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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.

Read the source article at Stock Market Quotes and News

Nokian hires Tennessee plant manager, human resources leader

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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.

Read the source article at Rubber and Plastics News

Nokian TMS shows 13% of Finnish motorists drive on tires with dangerously low tread depth

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This summer drivers in Finland have been using SnapSkin, a digital tire monitoring service (TMS) from Nokian Tyres, to measure their car tires. Worryingly, results have shown that up to 13% of the vehicles examined are equipped with poor summer tires. In heavy rain, the good condition of summer tires is invaluable for safety.

Read the source article at Tire Technology International

Nokian completes winter truck tire range with Hakkapeliitta Truck T

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Nokian announced it has completed its flagship winter product line with the launch of the Nokian Hakkapeliitta Truck T, a new tire specially designed for trailer use.

Harsh winter conditions set special demands for trailer tires as well. Particularly lateral and braking grip are needed when hauling a timber trailer on small forest roads or moving heavy loads on curly mountain roads covered with ice. The new Nokian Hakkapeliitta Truck T gives you more confidence in these extreme circumstances.

Read the source article at Traction News

Progress continues on Nokian’s plant in Tennessee

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DAYTON, Tenn.—Nokian Tyres North America reports construction of its plant in Dayton is progressing and is on schedule to meet the company’s goal of starting commercial-scale production by 2020.

According to the company, there are 250 construction workers on site at the Dayton location and, to date, around 70,000 labor hours have been worked.

Construction of the production building, the largest and most complex area in the facility, has begun, with more than 6,000 cubic yards of concrete having been poured for foundation and piles drilled down to the bedrock.

Read the source article at Rubber and Plastics News

Nokian Tyres increases production at the Nokia factory, running four shifts

Nokian Tyres plc is increasing its production capacity for passenger car tyres at the Nokia factory by approximately 30% by starting to run in four shifts. With this capacity increase, more than 80 new people will be hired for passenger car tyre production in Nokia.

Read the source article at news.cision.com