Nokian Archives - Page 24 of 43

point S sponsors Nordic world cup

Pan-European retail business point S says it is on top of the world – almost literally – after sponsoring the two races in the Nordic World Cup opening which was held Kuusamo, Finland on the weekend of the 1 and 2 December. point S congratulated the winners of the races it sponsored, which were: Marit Bjørgen, in the lady’s 5 km Cross Country and Petter Northug in the men’s 15 km Cross Country men’s. The event saw 25,000 spectators watch 10 World Cup contests, with 400 competitors from 30 nations and television coverage estimated to reach 100 million people.

11th December 2012/by Tyrepress Editors

1,000th Vianor sales outlet in Germany opens

News

The Vianor tyre retail and car service chain opened its 1,000th sales outlet in Germany. The new outlet is situated in Friedrichshafenin southern Germany. Vianor is owned by Finnish manufacturer Nokian Tyres and currently operates in 24 countries. In addition to tyre services, the sales outlets also provide comprehensive car maintenance services.

19th November 2012/by Tyrepress Editors

ETRMA shuns Nokian ice and snow sticker

International News, Legislation

The ETRMA has called for action against one its own members after Nokian Tyres took the initiative of producing its own ice and snow label. The association is specifically asking authorities in Finland, Norway and Sweden to put an immediate end to the initiative. Nokian tyres, which specialises in winter tyres, appears to have devised its own additional labelling system in response to the fact that the new EU tyre label that became mandatory on 1 November 2012 doesn’t include snow and ice performance information. Furthermore, due to the fact that the EU label requires tests to be conducted at relatively high ambient temperatures, winter tyres in general have shown a tendency to appear to perform poorly on the EU label.

14th November 2012/by Tyrepress Editors

Nokian Tyres announces 2013 “production adjustment” at Nokia plant

News

Nokian Tyres has informed stock exchanges that it will start statutory negotiations on 5 November 2012 to adjust production “to meet the market situation” at its Nokia plant. The company said it would aim to adjust the utilisation of the production capacity and create cost savings. The company said that the negotiations, which will affect 600 workers and staff in car tyre production, could amount to up to 45 job cuts.

30th October 2012/by Tyrepress Editors

Goodyear sales/volumes down in third quarter results

Career Tracks

At the close of last week, Goodyear Tire & Rubber Company reported results for the third quarter of 2012 showing improved North American operating of US$130 million (up 67 per cent year-on-year), but also significant volume decline (down 12 per cent year-on-year).

29th October 2012/by Tyrepress Editors

Analysts: Michelin results ‘a good third quarter’

Career Tracks

Financial analysts welcomed the relative good news of Michelin’s third quarter/nine-month results, which saw sales rise despite lower volumes and followed profit warnings from Nokian and Delticom respectively in the week before. As a result Deustche Bank upgraded its operating profit expectations to 2.55 billion euros, 9 per cent above consensus.

23rd October 2012/by Tyrepress Editors

Delticom profit warning another negative point for tyre business – analysts

Career Tracks

Following Delticom’s announcement of a profit warning, financial analysts have issued a warning of their own – Delticom AG could now witness market watchers slash their 2012 earnings estimates for the company by around 30 per cent.

18th October 2012/by Tyrepress Editors

Michelin analysts’ “top pick”

Career Tracks

With tyre demand said to be down between 2 and four per cent, financial analysts at Deutsche Bank confidently reported that the tyre companies under its coverage “should record strong results in the third quarter due to a still positive pricing environment”. Or in other words because manufacturers are said to be doing their best to maintain prices. And this is said to be coupled with a reported raw material tailwind.

17th October 2012/by Tyrepress Editors

Slow European demand/Nokian profit warning leads to share price drops

Career Tracks

Shares in Nokian Tyres fell by as much as 12 per cent following a profit warning issued by the company today (16 October 2012). According to Bloomberg, the fall was the biggest drop since 5 August with prices tumbling to 29.94 euros (down 11 per cent) as of 15:08. But it didn’t stop there and instead the market experienced a degree of negative contagion following this news and similarly gloomy demand projections from European tyre makers.

16th October 2012/by Tyrepress Editors

Nokian introduces Noktop Hakkapeliitta F winter trailer tread

Retreading

Nokian has unveiled a new addition to its Noktop Hakkapeliitta line with a product it calls the market’s first winter tread for wide trailer tyres. The Noktop Hakkapeliitta F is designed particularly for commercial vehicles with low trailers in international operation especially in Nordic conditions. The tread is available for tyre casings in size 445/45R19.5.

3rd October 2012/by Tyrepress Editors

Nokian premieres ‘AA’ rated summer range

News

Nokian Tyres claims membership in the exclusive ‘AA’ label club with the introduction of its new eLine summer tyre range. Sales of the eLine, a product suitable for smaller cars, will begin in spring 2013.

18th September 2012/by Tyrepress Editors

Nokian previews zLine summer range

News

A new Nokian Tyres summer range will be available in selected European markets as of spring 2013; named the zLine, the new line-up is aimed at the UHP segment and replaces the Nokian Z G2. The zLine will be available in 31 dimensions for 16 to 20-inch rim diameters and W and Y speed ratings.

7th September 2012/by Tyrepress Editors

1,000th Vianor outlet to open before year’s end

News

At the end of the second quarter, Nokian Tyres could count a total of 961 fast fit outlets operating under the Vianor banner. While the tyre maker directly owns 180 of these, a further 781 operate under franchise and other partnership agreements. In the first half of 2012 the network grew by a further 51 outlets, and upon releasing its financial data to 30 June Nokian stated that it sees reaching the 1,000 outlet milestone a realistic goal for this year.

13th August 2012/by Tyrepress Editors

Michelin displays new Energy Saver +, truck tyres

News, Premium

Michelin’s stand (3:219) at Reifen 2012 featured current tyres from all product lines, including two world premiere truck tyres and the latest passenger car Energy Saver+. In common with other manufacturers with large hall three stands such as Nokian and GT Radial, Michelin chose to present information about the tyres on touch screens, seeking to engage visitors with interactive technology.

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3rd July 2012/by Tyrepress Editors

High prices and low costs benefit manufacturers

Career Tracks

High sales prices matched with lower input costs are combining to the benefit of tyre manufacturers. A report from Deutsche Bank analysts notes that, despite weak tyre volumes in the European replacement markets (-10 per cent in passenger tyres, -30 per cent in truck tyres) tyre companies are benefitting from a strong pricing effect (+4 per cent to +5 per cent) and from low raw material prices.

26th June 2012/by Tyrepress Editors

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