Nokian says it is currently studying the newly imposed sanctions in detail, and will continue to implement its contingency plans. As communicated on March 30, Nokian Tyres plc is expediting its plans to invest in new production capacity in Europe.
“We continue to increase production capacity at our factories in Nokia, Finland and Dayton, [Ohio], USA. The Heavy Tyres business of Nokian Tyres plc is not impacted by the ban to import tires from Russia to the EU, as all Nokian Tyres’ heavy tires are produced in Finland,” Nokian stated in a news release.
