Nokian Tyres Expands into Eastern Europe

Nokian tyres has acquired its Czech importer and a tyre wholesaler, Andel Export-Import. In a statement the company explained that the acquisition will enable it to concentrate its Eastern and Western European logistics operations in Prague.

In 2003 Andel Export-Import’s net sales totalled approximately 3.4 million euros. “The acquisition ensures the sales growth for Nokian branded tyres in a strategically important and fast growing Eastern European market. We will get the control of the whole logistics chain and a very healthy company,” said Kim Gran, president and CEO of Nokian Tyres.