Nokian to terminate joint venture with Amtel

Nokian has announced its intention to terminate the Joint Venture with Russian company, Amtel. Under the terms of the agreement Amtel produced Nokian’s intermediate brand, Nordman. Nokian has established its own logistical centre in the Moscow area and is now concentrating its marketing strategy on the Nokian brand alone.

The company is building a new tyre factory close to St. Petersburg. It is expected that this factory will commence production in 2005.