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Nokian Tyres stopping production for two weeks in April

Employee cooperation negotiations concerning Nokian Tyres’ workforce in Finland have concluded. The outcome of these negotiations is that all 1,630 employees of Nokian Tyres plc, Nokian Heavy Tyres Ltd, Vianor Holding Oy and Vianor Oy will be temporarily laid off. The length of time that each employee will be laid off depends upon their function within the company, however Nokian says nobody will be laid off for more than 90 days this year or, in the case of Vianor Oy, between now and February 2021.

27th March 2020/by Stephen

Nokian Tyres withdraws financial guidance for 2020

Due to the COVID-19 outbreak and the uncertainty it has created within the automotive and tyre market, the Board of Directors of Nokian Tyres plc has decided to withdraw the company’s financial guidance for 2020 that it published on 4 February 2020. Due to the prevailing uncertainties, the Board is not in a position to give a new guidance.

27th March 2020/by Stephen

Nokian Tyres temporarily closes US and Russian factories

Company News, International News

Due to the impacts of COVID-19, Nokian Tyres will temporarily cease production at its factories in the USA and Russia. The plant in Dayton, USA will close on Friday for a minimum of two weeks. At Nokian Tyres’ Russian factory, the production shutdown will start on Monday, 30 March and will last for a week. Nokian Tyres will continue supplying customers through its regional warehouses.

26th March 2020/by Stephen

Nokian Tyres adjusting output in Russia, freezes hiring at new USA plant

Company News, International News

In addition to the temporary layoffs planned for its factory in Finland and announced last week, Nokian Tyres is implementing changes at its other sites in response to the COVID-19 outbreak. Production output in Russia will be flexibly adjusted “in line with global demand.” While the ramp-up of Nokian’s new plant in the USA continues, the company has postponed recruitment of additional employees. Furthermore, work on the new test centre in Spain has also temporarily stopped, delaying the project.

24th March 2020/by Stephen

Nokian Tyres consulting on up to 90-day factory lay-offs

Company News, International News

Nokian Tyres plc has entered into “employee cooperation negotiations” regarding planned temporary lay-offs affecting Nokian Tyres plc personnel based in Finland.

18th March 2020/by Chris

Nokian launches next-generation winter truck tyre

Sales of the Nokian Hakkapeliitta Truck E winter tyre and compatible Noktop Hakkapeliitta E retreading materials have exceeded a million units during their decade or so on the market. But all good things come to an end, and it is time to make way for an improved product. Nokian Tyres is introducing the Nokian Hakkapeliitta Truck E2 as a “true next-generation drive axle tyre for extreme winter conditions.”

17th March 2020/by Stephen

Winter grip & sporty performance – Nokian Snowproof P

Nokian Tyres is launching a successor to its Nokian WR A4. It calls this new addition to its cold-weather portfolio the Nokian Snowproof P and describes it is a “sporty and modern combination of high-performance handling and reliable winter grip.”

13th March 2020/by Stephen

Nokian suspends international travel due to Covid-19

Career Tracks, International News

Nokian Tyres’ supply chain is unaffected, but the company has activated its “global Business Continuity Program” and is carefully reviewing advice in light of the Covid-19 epidemic. According to Nokian Head of Global Security Jukka Rikkinen, one specific change is that Nokian has “temporarily suspended international business travel.”

10th March 2020/by Chris

Commercial production starts at Nokian Tyres’ USA plant

Company News, International News

After several months of test production, Nokian Tyres’ new factory in the USA has begun making tyres destined for retail sale. Now that the tyre maker has reached this milestone on schedule, it will steadily increase volume throughout the year and will continue growing it until reaching an annual capacity of four million tyres by 2023.

10th March 2020/by Stephen

A ‘more balanced’ portfolio: Nokian Tyres courts summer, all-season tyre buyers

Nokian Tyres has traditionally focused first and foremost on winter tyres, and these products currently account for around 70 per cent of the company’s passenger vehicle tyre business. But a reputation as a winter specialist means the brand hasn’t gained significant traction in markets where winter tyres find little favour, such as the UK. The tyre maker intends to rectify this.

3rd March 2020/by Stephen

US association welcomes Nokian Tyres as country’s newest tyre maker

International News

The U.S. Tire Manufacturers Association (USTMA) shares that Nokian Tyres has signed up as its 13th member. The company, which opened its factory in Dayton, Tennessee in October 2019 and is currently preparing to start commercial production, joins an association that represents more than four-fifths of the national tyre manufacturing industry.

20th February 2020/by Stephen

Nokian Tyres appoints new general counsel

On 26 February, Jaana Klinga will join Nokian Tyres as the company’s new General Counsel. She comes to the tyre maker from PwC Finland, where she worked for the previous four years as a partner and general counsel, and held overall responsibility for the firm’s legal matters and played a key role in its risk management and compliance. Klinga holds a Master of Laws degree from Helsinki University.

18th February 2020/by Stephen

Nokian Tyres: Strong Heavy Tyres performance maintains sales in 2019

In spite of what it calls a “soft” market for car tyres in Europe last year, Nokian Tyres maintained its level of net sales throughout the period. Operating profit was lower year-on-year, and profit considerably increased. Operating profit is expected to take another tumble in 2020.

5th February 2020/by Stephen

Pirelli ‘Gold’ for sustainability with S&P Global

Pirelli holds the distinction of being the only company within the automotive components sector to achieve ‘Gold Class’ in the SAM Sustainability Yearbook 2020. Other tyre makers to gain a ranked position in the Yearbook were Hankook Tire & Technology and Nokian Tyres, which both achieved SAM Bronze Class, and Bridgestone Corporation, which was acknowledged as a Sustainability Yearbook Member.

4th February 2020/by Stephen

Nokian Tyres: Lower sales and operating profit in 2020

Nokian Tyres expects that its net sales in 2020 will be below last year’s and operating profit will be “significantly” beneath 2019 levels. Operating profit will primarily be affected by costs related to the company’s expansion in North America and other investment programmes.

27th January 2020/by Stephen