Nokian Tyres
The Board of Directors at Nokian Tyres has initiated the process of finding a successor for Jukka Moisio, who intends to retire from his position as President and Chief Executive Officer during 2024. Nokian Tyres issued a statement yesterday confirming this upcoming change to its management, but did not name the exact date he would leave the company.
Nokian Tyres is adjusting production at its Nokia passenger car tyre factory in Finland for “at least two weeks”. However, based on recent negotiations the production employees can be laid off due to financial and production related reasons for a maximum period of 90 days. The lay-offs result from “ongoing political strikes affecting ports and transportation in Finland”, according to the company. Nokian reports that that wider environment has led to “Nokian Tyres’ inventories of tyres filling up, as the company is unable to deliver tyres to its customers”.
CDP has given Nokian Tyres an A- for its actions towards reducing greenhouse gas emissions and mitigating climate change-related risks. This is the fourth consecutive year that CDP has awarded Nokian Tyres an A- for its work in this area, and the Finnish company notes that scores of A and A- in the annual CDP Climate Change report represent “leadership level.”
Nokian Tyres says it has “improved” its all-season Noktop 21 truck tyre. The drive-axle pattern gains a new look and new features for 2024 while retaining its “time-proven” rubber compound, tread pattern and two-layer cap/base structure. Nokian Tyres Noktop 21 now comes in a broader width range of 240–280 mm and has added stud holes for every width, clear product markings for identification as well as the 3PMSF marking as proof of safe winter use.
Yesterday the European Commission announced it was “carrying out unannounced inspections at the premises of companies active in the tyres industry in several Member States.” So far, we’ve learned that Bridgestone, Continental, Goodyear, Michelin, Nokian Tyres, and Pirelli received visits from EC officials.
Nordic Tyres and GB Tyres have further expanded their team with the appointment of a new Business Development Manager, Andy Bray. Located in Lincolnshire, Andy will be covering the south-east of England for Nordic Tyres and GB Tyres.
More and more tyre manufacturers are adding individual EV logos to their product sidewalls, regardless of their decision to develop specialist tyres for the burgeoning market or make tyres they consider compatible with the needs of electric cars. Goodyear recently presented a corresponding label, products from Continental are “EV Compatible”, Pirelli tyres contain “Elect”, and “E+”. can be found on relevant Yokohama tyres. While Nokian Tyres introduced a so-called “Electric Fit” symbol, intended to indicate its tyres’ suitability for electric vehicles, last summer, the marking remains absent from its most recent products’ sidewalls. Surprisingly, even the supplier’s very latest products, the Powerproof 1 and Wetproof 1 summer car tyres, the “Electric Fit” designation cannot be seen on the sidewall or anywhere else. With Nokian Tyres claiming that all of its consumer tyres are suitable for electric vehicles, Tyrepress sister website Reifenpresse asked what this was all about.
Nokian Tyres has added three new dimensions to its Tractor King line-up, a range it developed for forestry, earthmoving and road construction applications. The latest sizes are a 600/65R28 front axle fitment and 710/70R38 and 800/70R38 for the rear axle.
Ian Black-Moore has joined Nordic Tyres and GB Tyres as the Business Development Manager for the South-West of England and Wales. He brings over twenty years of combined experience within the tyre and agriculture trades to the role.
Russian motorists can still purchase Nokian tyres, but the brand’s days are numbered in this market. After energy company Tatneft acquired Nokian Tyres’ local assets, it renamed the operation Ikon Tyres and began producing tyres under the Ikon name in June 2023. Ikon Tyres says the process of updating tyre sidewall moulds has taken several months, but it started the volume production of rebranded summer tyres in December. This means that all products that dealers sell from Spring 2024 will carry the Ikon name instead of Nokian.
Nokian Heavy Tyres has entered into a “new era of cooperation” with German retreader RuLa-BRW, which will use the tyre maker’s “innovative Noktop retreading material” in its pre-cure retreading process and offer these tyres to customers in the German market. In addition, RuLa-BRW states that it agreed upon a “strategic cooperation” yesterday during a meeting with representatives from local subsidiary Nokian Tyres GmbH.
Nokian Tyres has retained its pace in the Dow Jones Sustainability Europe Index of the most sustainable listed companies in Europe. The manufacturer’s sustainability plan includes four key sustainability goals: reducing CO2 emissions in line with the company’s four science-based targets, increasing the share of either recycled or renewable raw materials in tyres, securing safer and better work and improving the sustainability of the supply chain.
Nokian Tyres has extended the availability of its Intuitu smart tyres to the Spanish market, following their launch in Finland and France. The product is designed to bring digital transformation to farming, agricultural and municipal contracting tyres, making a fleet’s vital tyre data available on a smartphone. The plug-and-play product was released in 2020; Intuitu tyres have sensors mounted on the inner lining, which send pressure and temperature readings directly to the driver’s smartphone via a downloadable app.
The gradual rollout of the Nokian Tyres Intuitu smart tyre solution for agricultural and contracting applications continues with the extension of availability to a third market. In addition to Finland and France, Nokian Tyres Intuitu is now marketed in Spain.
Nokian Tyres plc has today signed a syndicated revolving credit facility of 200 million euros with a group of five banks, which will replace a total of 175 million euros of existing credit facilities. The company will use the three-year facility, which has two one-year extension options, as a back-up for general corporate purposes.
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Nokian Tyres
Nokian Tyres
Nokian Tyres