Sentury supplied tyres to Nokian in the first quarter
Nokian Tyres’s controlled exit from Russia means the company must replace the 80 per cent of passenger car tyre production capacity the pictured Russian operation (now owned by Tatneft) used to provide (Photo: Nokian Tyres)
On 13 June, Qingdao-based tyre manufacturer Sentury announced that it had supplied products to Nokian Tyres in the first quarter of 2023. Writing in a stock exchange filing, Sentury representatives specified that the company has delivered Nokian-branded winter tyres. Sentury said that “the supply will continue in the second quarter” and the current cooperation with Nokian is “good”.
Nokian Tyres’s offtake agreement with Sentury follows the sale of its Russian tyre factory, which has had a marked impact on the Finnish company’s tyre production capacity. The off-take deal was signed at the end of 2022 meant Sentury would start producing a series of tyres designed and tested by Nokian Tyres in the first half of 2023, for sale in the second half of 2023. According to Nokian’s forecast, Sentury will produce 1 million to 3 million tyres for them every year between 2023 and 2027.
Marangoni Meccanica
Sailun
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