Tag: nokian tyres

EU Sanctions on Russian Rubber to Hit Nokian Tyres Output

April 12, 2022
Business & EconomyCompanieseconomic policieseconomyEuropeInternationalMarketsnokian tyresRussiaRussia-Ukraine WarsanctionUkraineWorld
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HELSINKI—Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact on its production. The sanctions, announced on Saturday, ban the import of tyres from Russia, Nokian said, and will affect the company’s ability to sell tyres both in Russia and in the…

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Finland’s Nokian Tyres Defends Move to Retain Control of Russian Factory

March 23, 2022
Business & EconomyCompanieseconomic policieseconomyEuropeMarketsnokian tyresRussia-Ukraine WarWorld
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HELSINKI—Finland’s Nokian Tyres PLC said on Tuesday it would continue production in Russia to retain control of its local factory, at a time when many companies are halting operations in protest at Russia’s invasion of Ukraine. “By continuing to operate the passenger car tyre factory in Russia we want to make sure that the factory…

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