Decision on a third Nokian Tyres factory still months away

Ari Lehtoranta has commented on Nokian Tyres’ proposed new factory ahead of the company’s Capital Markets Day, which takes place today in Helsinki. The president and chief executive officer says a decision regarding the factory and its location will be made by the fourth quarter of 2016.

During a conference call in May, Lehtoranta commented that the tyre maker was considering setting up a plant in Eastern Europe, however he also named North America and Asia as other potential sites for the new facility. At the time he indicated that a decision would be made during the first half of next year.