Nokian Tyres Plans for Growth

Nokian Tyres makes land purchase

Nokian Tyres is preparing for the future by purchasing property in Nokia, Finland

Nokian Invests in the Future

Nokian Tyres is buying three hectares of land in Nokia, Finland. The property’s location in the immediate vicinity of Nokian Tyres' headquarters and Nokia factory enables synergies in future development projects. However, the company is unclear exactly what those synergies might be, at this stage. So, the purchase is almost speculative on what future developments might come, and is preparing Nokian Tyres for anticipated growth that has yet to be planned.

"This land acquisition creates prerequisites for future development," says Manu Salmi, Executive Vice President, Heavy Tyres and Nokia factory. "The use of the property has not been decided yet, but it will allow us to continue growing in Nokia in the future."

In the mid-term, increasing production capacity in Europe is one of Nokian Tyres' key priorities. The area acquired in Nokia, Finland is not part of this project, but the purchased property is intended to secure future development opportunities at the Nokia factory.

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

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