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Vianor Industrial Network for Heavy Vehicles Launched

Nokian Tyres’ Vianor retail network is already active in 19 countries, with a total of 623 outlets in operation. In several Scandinavian markets the company has now extended Vianor concept to heavy vehicle tyres. Vianor, together with the Nokian Heavy Tyres division, has developed Vianor Industrial, through which companies and contractors operating heavy vehicles are offered a “professional solution utilising the latest innovations and operating models in the field of tyre manufacturing.” The Finnish tyre maker states it intends to add further Vianor Industrial outlets and expand the concept globally.

6th October 2010/by Tyrepress Editors

De Klok Reporting “Enormous Increase” in Nankang, GT Radial Sales

International-orientated wholesaler De Klok Banden knows the importance of private and exclusive brands; the company is the exclusive importer of Nankang for Germany and the Benelux countries, a brand it says provides a “high quality”, extensive product range, including popular sizes in the tuning segment. De Klok is also the exclusive Benelux importer of another strong mid-range brand, GT Radial. The Dutch wholesaler says it is experiencing “an enormous increase in Nankang and GT Radial sales and sees great potential for more from these mid-range products; a segment that latest figures suggest is – and has been for some time – on the rise (see this section’s lead article).

4th October 2010/by Tyrepress Editors

Nokian Introduces Hakka Green Summer Line-Up

Nokian has launched a new summer tyre range, the Hakka Green. The Finnish tyre maker describes the Hakka Green as a tyre that “uniquely combines the needs of drivers on northern roads” and can reliably deal with all summer conditions, whether it be hot roads, wet weather conditions or late autumn’s steadily cooling weather. Green credentials for the tyre are earned through “extremely low” rolling resistance; Nokian says it is 15 per cent lower than that of its predecessor, the Hakka H. This equals a decrease in fuel consumption of almost three per cent, and Nokian adds that fuel savings in comparison with “average” summer tyres is some five to eight per cent.

20th September 2010/by Tyrepress Editors

Nokian Increases Ply Rating With Latest Forest King F Size

In introducing the newest size in its Forest King F range, Nokian Tyres has described it as the “world’s strongest forest tyre”. Intended for fitment on CTL (cut-to-length) harvesters, the range has been extended to include size 710/45-26.5, the first tyre in the line-up to have a Ply Rate of 24. Nokian states that the cross-ply tyre “offers the best available reliability and load-bearing capacity for modern harvesters and forwarders.”

6th September 2010/by Tyrepress Editors

Analysts Recommend Michelin Shares Over Goodyear

Analysts from investment bank Morgan Stanley have recommend investors buy shares in “Michelin against Goodyear” following its Alphawise surveys in Europe and the US. Based on current market performance and taking catalysts into the equation, the analysts estimate that “Michelin are 20 per cent above consensus, while for Goodyear we are 15 per cent below the street.” As a result Cooper Tire shares are described as the firm’s preferred stock in North America, while in Europe, the bankers recommended Michelin and Pirelli over Continental and Nokian.

31st August 2010/by Tyrepress Editors

UK Launch for Nokian All-Season Range

The Nokian eNTYRE all-season tyre, first released late last year, is now available to customers in the UK through mytyres.co.uk. The online retailer reports it has secured UK exclusivity for the range and is targeting the eNTYRE at motorists who want a tyre that can be used all year round but seek additional limited snow performance.

27th August 2010/by Tyrepress Editors

Eco Tyres the Focus of Latest European Tyre Test

Bridgestone and Nokian are both chuffed with their tyres’ performance in the latest tyre test to be published by a German car magazine, and they’re not ashamed to mention this. The test in question was published in the August 8 edition of Auto Bild and compares the performance of five eco tyres – the Pirelli Cinturato P7, Bridgestone Turanza ER300 Ecopia, Nokian V, Goodyear EfficientGrip and Michelin Energy Saver. The quintet of size 205/55 R16 green products were fitted to a C-Class Mercedes and subjected to a number of wet and dry performance tests, while fuel consumption was measured with a highly precise in-car meter at speeds of 80, 100 and 130 kph. Rolling resistance was also measured in a test facility.

20th August 2010/by Tyrepress Editors

Analysts: Nokian Tyre 2Q Net Income 80% Ahead of Expectations

Following Nokian Tyres’s reporting of second quarter revenues of 260 million euros (13 per cent higher than consensus, up 36 per cent year-on-year), financial analysts have praised the Finnish tyremaker for beating net income predictions by up to 80 per cent and an overall “good quarter.” Searching the detail of the company’s second quarter presentation also reveals that, due to raw material price increases, the market can expect tyre price increases of 2 – 6 per cent during the summer and autumn of 2010. Other key company targets for the second half of the year include: to increase sales in all areas especially Russia, increase market share in core markets, and to “utilize the most feasible capacities.”

6th August 2010/by Tyrepress Editors

Analysts: Increased Volume and Raw Material Costs, But ‘Robust’ 2Q for Tyre Majors

Market analysts at Morgan Stanley have predicted a “robust second quarter results season characterised by rebounding volumes and cost savings.” The volume of sales, which are reported to have improved from the low base of 2009, is said to be tyremakers’ biggest tailwind, but the increased cost of raw materials are also expected to kick-in in the manufacturers’ second quarter reports.

Raw materials are estimated to add a headwind of 300 – 440 basis points to the tyremakers’ margins, a trend that Morgan Stanley expects to accelerate through the rest of the year. Crucially, Morgan Stanley’s view is that while some of the numerous prices increases implemented up till now “are likely to feed through to the bottom line already,” they are note expected to cover more than a third of the input cost burden this quarter.

15th July 2010/by Tyrepress Editors

Russian Tyre Prices to Rise 5 – 10%

The global tendency towards increased tyre prices could also be affecting product costs on the Russian tyre market. According to a poll conducted by Russian website topof.ru, manufacturers “unanimously speak about escalating costs of raw materials, produced both in Russia and abroad.” For companies that import their products from abroad increased transportation costs are said to be a problem. Besides the standard currency fluctuations, tariff rates are reportedly another important factor. The result: “an average delivery costs increase [of] 15 per cent.”

8th July 2010/by Tyrepress Editors

Nokian Releases HTS Straddle

Nokian Tyres has released a new tyre for straddle carriers. This new radial tyre, the HTS Straddle, is designed for work in harbours and goods terminals and combines, says Nokian, the high load-bearing capacity desired by operators with excellent driving comfort appreciated by drivers.

5th July 2010/by Tyrepress Editors

Nokian Z SUV Gets High German Mag Marks

Nokian Tyres’ Nokian Z SUV has been rated as “very recommendable” by the German car magazine Auto Zeitung, reports Tire Review. In the magazine’s latest off-road tyre test, the Nokian Z SUV was noted as “the lowest rolling resistance in the test” with “nearly no weaknesses.”

23rd June 2010/by Tyrepress Editors

Nokian Confirms Lay-Offs

Nokian Tyres reports that statutory negotiations at its Nokia, Finland plan came to an end on June 21. The results of these negotiations have been 13 permanent and 37 temporary lay-offs. Nokian comments that these cuts concern “all personnel groups” and adjust the plant’s production and support function resources to meet the shift system currently in use.

21st June 2010/by Tyrepress Editors

Nokian’s Kim Gran Awarded Finnish Honorary Title

On June 11 the President of Finland awarded Kim Gran, the president and CEO of Nokian Tyres, the Finnish honorary title of “Vuorineuvos”. This traditional title is given to leading captains of industry, and comes with no responsibilities or privileges.

17th June 2010/by Tyrepress Editors

Nokian Aiming for Premium Segment Leadership in Russia

An overview of Nokian Tyres’ current position and strategy in Russia has been given by Anne Leskelä, the company’s Industrial Relations vice-president and CFO. She reported that the Russia and CIS region, which accounted for 26 per cent of the company’s 183.8 million euro sales in the first quarter of 2010, experienced a 42.7 per cent growth in sales to 46.8 million euros during the three-month period, with passenger car tyre market share increasing. Leskelä also stated Nokian Tyres’ objective of attaining market leadership in the premium tyre segment by 2014 in Russia and the CIS.

27th May 2010/by Tyrepress Editors