You are here: / Nokian Tyres

Nokian Tyres

Posts

Nokian “On the Road Again”

Following positive second quarter reports Nokian Tyres is back “on the road again,” according to Deutsche Bank analysts. “Going forward we are seeing an improved mix driven by new products (Hakkapeliitta 5), less Nordic competition due to fast growth in the German winter tyre market, continued strong growth in Russia and raw material prices contracting clearly from recent peak levels,” said the analysts. The Deutsche Bank market watchers said they are pojecting more than 20 per cent earnings per share growth in 2006 and 2007.

Read more

Related news:

  1. Nokian: Sales Up, Profits Unchanged
  2. Analysts Confident About Nokian Prospects
  3. Analysts: Nokian Results 10 per cent Above Consensus
  4. Nokian Launches New Studded Winter Tyres
/by

New Nordic Summer Tyres from Nokian

Driving in the north calls for tyres designed for Nordic conditions. To meet these demands Nokian Tyres has developed brand-new summer tyres especially suitable for the rough, wet and grooved roads, and for the challenging and changeable conditions in Russia and the Nordic countries. The Nokian Hakka, a new summer tyre family featuring four different tyres and a wide range of sizes, joins the Hakkapeliitta winter tyre range, celebrating its 70th anniversary this year. The new products will be available in Nordic and Russian tyre outlets in the spring of 2007.

Read more

Related news:

  1. ‘The fastest clean summer tyre in the world’
  2. Nokian launches Hakkapeliitta R2 non-studded winter tyre
  3. Q1 Results “Better Than Expected” – Nokian
  4. Cooper and BFNAT Issue Recalls
/by

Nokian Tyres Increases Share Capital

An announcement from Nokian Tyres said that the company had increased its share capital by a total of 29,650 euros on 21st August. The new shares will be traded on the Helsinki Stock Exchange, together with the old shares, from the following day. The increase means that Nokian’s share capital now stands at 24,406,454 euros.

Read more

Related news:

  1. Bridgestone To Take Stake In Finnish Rival
  2. Nokian Tyres Announces Directed Share Issue
  3. Nokian Tyres Increases Share Capital
  4. Increase In Share Capital For Nokian Tyres
/by

Nokian Sales Grow 18.3 per cent, pre-tax profits down 10.8 per cent

Nokian’s net sales grew to 349.4 million euros (18.3 per cent) in the first half of 2006. During the same period operating profit amounted to 48.6 million euros (2005: 46.1 million), up 5.4 per cent. However profits before tax fell 10.8 per cent to 42 million euros in the period. Nokian Renkaat shares soared 18 per cent higher in response to the news.

Read more

Related news:

  1. Nokian plant in Russia
  2. Nokian Shares Dip After Morgan Stanley Downgrade
  3. Nokian to Install Three New Production Lines in Russian Factory
  4. Nokian Tyres Anticipating Lower Net Sales and Operating Profit
/by

Analysts Confident About Nokian Prospects

Nokian Tyres’ new HP 5 winter tyre has been well received in the market and pre-season sales have started well. According to a Deutsche Bank report analysts believe this and price increases are good signs for the company’s performance in the second, third and fourth quarters. Nokian is reported to have stirred up the market by taking market share by aggressive pre-season sales in the second quarter of last year before being “hit by competition” in subsequent quarters. “However, it seems the biggest pressure is now behind us due to the sharp increase in raw material prices. Management commented that most competitors have announced price hikes for the winter season and that these look likely to stick,” the report concluded.

Read more

Related news:

  1. Nokian “On the Road Again”
  2. Nokian: Sales Up, Profits Unchanged
  3. Analysts: Nokian Results 10 per cent Above Consensus
  4. Conti’s Losses Continue in North America
/by

European Tyre and Rubber Manufacturers Form New Association

European Tyre and Rubber Manufacturers have held the first meeting of the newly formed European Tyre & Rubber Manufacturers’ Association or ETRMA. The new association will replace BLIC (Bureau de Liaison des Industries du Caoutchouc). Francesco Gori of Pirelli was elected as president, and Groupe Michelin’s Eric de CromiÈres Michelin was named vice president. Fazilet Cinaralp was appointed secretary general.

Read more

Related news:

  1. Will European agencies take clean oil enforcement action?
  2. Hankook Tire Nominated Member of ETRMA
  3. EDIWheel eBusiness Standard Comes to the UK
  4. Investments, closures – Michelin announces €800M plan
/by

Nokian Tyres Records 149 million euros of Net Sales

Nokian Tyres has recorded pre-tax profits of 10.1 million euros in the first quarter, compared with 13.7 million a year ago. In the period January to March 2006, Nokian Tyres Group recorded net sales of 149.4 million euros, an increase of 15.4 per cent on the corresponding period a year earlier. Net sales in Nordic countries increased by 6.9 per cent, in Russia and other CIS countries by 35.2 per cent, in Eastern Europe by 8.7 per cent and in North America by 25.4 per cent from the previous year.

Read more

Related news:

  1. Nokian Sales and Profits Increase
  2. Nokian Reports Strong Sales and Profits
  3. Nokian Tyres Reports Positive Third Quarter Results
  4. Nokian Sales “Down in Line With Market,” says Gran
/by

Vianor and Amring to Cooperate in Sweden

The Nokian-owned Vianor AB tyre retail chain is to partner with Amring Verkstäder AB in Sweden. Following the agreement, nine Amring outlets have joined the Vianor tyre chain and become Vianor Partner outlets as of 2 May 2006. The agreement gives Amring outlets the rights to utilize Vianor brand and chain marketing, Vianor’s call centre services and personnel training programmes.

Read more

Related news:

  1. Group Tyre to Exclusively Distribute Marangoni
  2. Matador Increases Profits and Turnover
  3. Nokian Tyres Opening First US Vianor Outlets
  4. Marangoni Reports Strength in Russian Market
/by

Nokian Tyres AGM

Nokian Tyres Annual General Meeting accepted the profit and loss statement for 2005 and discharged the Board of Directors and the President from liability. A decision was made on a dividend of 0.23 euros per share. The matching date will be 11 April 2006 and the payment date 20 April 2006.

Read more

Related news:

  1. Bridgestone To Take Stake In Finnish Rival
  2. Good 3Q results from Nokian
  3. Bridgestone Europe Director For Nokian Board
  4. Nokian Shares Dip After Morgan Stanley Downgrade
/by

Nokian Tyres Renewed its Truck Tyre Range

In 2005 the production of all Nokian-branded truck tyres was transferred to the Bridgestone plant in Bilbao, Spain, which features top-notch production technology in the field. The tyre carcasses and moulds of the whole product portfolio have been redesigned. The new carcass clearly enhances driving properties and mileage, while the sturdy bead area makes the tyre sit well on the rim and improves driving qualities. In addition, the longer useful life of the tyre carcass and the strong rubber used in tread grooves clearly enhance retreading options, writes Nokian in a press release. All Nokian truck tyres feature rubber compounds suitable for Nordic conditions, which provide good grip on slippery roads and durability on rough road surfaces. The new Nokian NTR-861 and Nokian NTR-844 for trucks and buses round off the range and offer a safe and durable solution for year-round use. These winter-rated M+S tyres can be mounted on the vehicle all year round.

Read more

Related news:

  1. Cooper and BFNAT Issue Recalls
  2. Continental to Intensify Cooperation With Partners
  3. Nokian Introduces ‘Truck F’ Dedicated Winter Steer Tyre
  4. Bridgestone Firestone Announces US and Canadian Price Increases
/by

Nokian Tyres AGM Proposals

At the Nokian Tyres Annual General Meeting, to be held April 6, 2006, the Board of Directors will propose the Members of the Board of Directors to be elected for the next period. The nominees are the current Members of the Board of Directors: Rabbe Grönblom, Hannu Penttilä, Petteri Walldén and Kim Gran and new Members of the Board of Directors: Hille Korhonen, Koki Takahashi and Alexei Vlasov.

Read more

Related news:

  1. Nokian Increases Share Capital
  2. Nokian Tyres Announces Directed Share Issue
  3. Nokian Annual Results Show Increased Sales & Profits
  4. Increase In Share Capital For Nokian Tyres
/by

Nokian to Invest in Heavy Tyre Production

Nokian Tyres’ Board of Directors has approved a plan to invest 4 million euros in order to expand heavy radial tyre production capacity. This will mean an increase in Nokian Tyres’ total investments in 2006 from 88 million euros to 92 million euros.

The investment includes the whole production process; ie component manufacturing, tyre assembly and curing at the Heavy Tyre plant in Nokia, Finland. The investment will mean a capacity increase of the Nokian Tractor Industrial 2 product line, launched in 2004, and of the Nokian Country King product line, launched in 2005, to better meet the strong growth in demand.
The increase in radial tyre capacity will come on-stream towards the end of this year and in early 2007.

Read more

Related news:

  1. Nokian and Matador Expand Cooperation
  2. Nokian to Build 300 Workers’ Flats near Russian Factory
  3. Nokian Trials RFID System
  4. Nokian Begins Job Cut Talks
/by

Management Changes at Nokian Tyres

,

Nokian has announced a number of changes at senior management level. Vice President, Purchases and Logistics, Mr. Kari-Pekka Laaksonen is appointed Vice President, Sales and Logistics as of 1 February 2006. Vice President, Nokian Car and Van Tyres, Mr. Antero Juopperi is appointed Senior Vice President, Strategy as of 1 March 2006. He is responsible for all Russian business activities, R&D and Corporate Development of the Nokian Tyres Group. Vice President, Finance and Control, Mr. Rami Helminen is appointed Vice President, Car and Van Tyres as of 1 March 2006.

Read more

Related news:

  1. Nokian reshuffles management team
  2. Michelin UK truck tyre team take responsibility for ‘North Europe’
  3. Triangle Tyre appoints new European team
  4. EfTD names Riccardo Costa as purchasing director, Truck & Motorcycle
/by

Nokian Sales and Profits Increase

At 686.5 million euros, Nokian Tyres’ net sales in 2005 were 13.8 per cent higher than 2004’s figure of 603.3 million euros. The operating profit was virtually static at 115.8 million euros (115.6 m) and the net result was up over 11 per cent to 82.2 million euros (73.8 m). Nokian said that growth in the European passenger car tyre market was slower than expected, with sales of winter tyres in the Nordic countries and Eastern Europe beginning exceptionally late, thus shortening the sales season. The strongest growth was experienced in Russia, Eastern Europe and North America, with sales of new cars growing significantly in Russia.

Read more

Related news:

  1. Nokian Reports Strong Sales and Profits
  2. Nokian Reports Strong Q3 Sales Growth
  3. Nokian Expands Winter Tyre Range
  4. Nokian Tyres Reports Positive Third Quarter Results
/by

Successful Debut For IQPC “Intelligent Tire Technology“Conference

,

At the end of last year the International Quality & Productivity Center (IQPC) organised its first conference dedicated to tyre related topics. As the name of the event suggests, it mainly dealt with intelligent tyre technologies – meaning run-flat tyres and tyre pressure monitoring systems (TPMS). Participants were invited to take part in a day-long workshop immediately before the two-day conference with the first day completely focusing on new developments. The second conference day featured information about a wide range of different topics like for example tyre/road noise, chassis control and the design of alloy wheels.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. SEMA Show 2008 – Exemplifying Inspiration and Optimism
  2. Two Shows in One?
  3. Michelin Develops Lunar Wheel For NASA Moon Rover Vehicles
  4. Trelleborg claims widest tread width and footprint
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.