Nokian Tyres
Nokian Tyres has refreshed its summer tyre range with two new products, Powerproof 1 and Wetproof 1. It will offer a total of 99 new products for cars, CUVs and SUVs in 15- to 20-inch rim diameters, with both lines debuting in time for summer 2024.
In preparation for the company’s 2024 Annual Meeting next April, the Nokian Tyres’ Shareholders’ Nomination Board has submitted its proposal to the Board of Directors. With two of the nine current board members not available for re-election, it proposes two new members, Elina Björklund and Elisa Markula. Nokian Tyres comments that these nominations “improve the Board’s gender diversity,” an aim indicated in a company proposal last year.
The Polestar 0 project aims to create a climate-neutral car by 2030, eliminating all sources of CO2 emissions throughout the vehicle’s supply chain, manufacturing processes and end of life without offsetting them. Nokian Tyres has joined the project and is developing climate-neutral tyres for the car.
When it comes to climate targets, 2030 seems to be the golden year. But Nokian Tyres has jumped the gun in the best possible way, reaching one of its key emissions reduction targets seven years ahead of schedule.
Flexforce VF is a new technology from Nokian Tyres, and don’t worry if you haven’t heard of it yet. The tyre maker is about to bring this technology to market and intends to debut two tyres featuring Flexforce VF at the Agritechnica show in November.
Nokian Tyres has unveiled a new all-season tyre for European markets and launch images of the Seasonproof 1 don’t only provide a view of what the tyre looks like – the DOT code on the sidewall tells us where Nokian Tyres Seasonproof 1 is made, and who the manufacturer is. What we can see from the 205/55 R16 and 235/60 R18 tyres in publicity photos is that both were produced by Sailun Group in Qingdao, China.
Nokian Tyres has announced a successor to its Seasonproof all-season tyre. Named the Seasonproof 1, this latest generation tyre delivers “improved wear resistance and mileage.” Seasonproof 1 will debut by the end of this year in a range that covers 63 dimensions for cars, SUVs and CUVs.
Susanna Tusa has been appointed general director and vice president of Nokian Tyres Romania Operations. She will also lead the Oradea, Romania factory project. The factory is scheduled to produce its first tyres in the second half of 2024. Commercial tyre production is set to start in early 2025.
According to Andrey Pantyukhov, who until last year headed the Russia and Asia business area for Nokian Tyres, tyres made in the Finnish firm’s former plant in Russia are, technically speaking, “exactly the same” as those produced under Nokian Tyres ownership. Pantyukhov, now chief executive officer of Tatneft-owned business Ikon Tyres, claims “the only difference is the name.”
Nokian Tyres is relaunching its Nordman product family as a standalone tyre brand aimed at “value-driven consumers.” Nordman will support the main Nokian Tyres brand.
Niko Haavisto will become the new Chief Financial Officer of Nokian Tyres and a member of the company’s Management team as of 1 October 2023, succeeding Teemu Kangas-Kärki. In this role, he will report to Jukka Moisio, President and Chief Executive Officer. Jari Huuhtanen, VP, Group Business Control, will continue in the interim position of SVP, Finance and Treasury, until the end of February 2024.
In April, a month after its acquisition by oil and gas company Tatneft, the former Nokian Tyres operation in Russia adopted the name Ikon Tyres. The business has now taken the next step in its rebranding with the unveiling of new product names.
Nokian Tyres has given word that Teemu Kangas-Kärki, CFO and Management Team member, has decided to leave the company. He will remain with Nokian Tyres until 30 November 2023. The recruitment process for his successor has started, and Jari Huuhtanen, VP, Group Business Control, will hold the interim role of SVP, Finance and Treasury, until a permanent replacement arrives.
Continental didn’t receive very much for its tyre factory in Russia, and S8 Capital is now one of the country’s top-three tyre makers. The investment company has four tyre brands in its portfolio at the moment, and additional, renamed brands will join these by the end of this year.
When announcing expansion plans for its North American plant in January 2023, Nokian Tyres said it would increase the workforce to 475 by hiring 75 new employees. The company has now completed the recruitment process, having hired 125 new workers for the Dayton, Tennessee factory as part of plans to double production at the facility by 2024.
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Nokian Tyres