Ikon Tyres sees export potential in Asia, Latin America

Prior to 2022, a factory in Vsevolozhsk, Russia produced around 80 per cent of Nokian Tyres’ passenger vehicle tyres, and many of these were sold throughout Europe. Times have changed and so has ownership of the Vsevolozhsk plant. New parent company Tatneft operates the business as Ikon Tyres and is seeking new markets to replace the sanctions-barred EU. According to automotive website Kolesa.ru, Ikon Tyres may have its sights on customers further afield.