26.12.2008 Nokian Tyres Anticipating Lower Net Sales and Operating Profit

Nokian Tyres reports that its fourth quarter sales have been “weaker than expected” and the company’s operating profit will be lower than the set target.

25.12.2008 Statutory Negotiations at Nokian Concluded

Statutory negotiations at Nokian Heavy Tyres were concluded on December 19 with the company taking the decision to lay off a number of employees for approximately six months.

16.12.2008 Nokian Using Russian Capacity in Difficult Market Conditions

Nokian’s decision to reduce its Finland-based tyre production output from 6 million to 4.5 million tyres will be coupled with increased Russian capacity, financial analysts have reported.

12.12.2008 Nokian Cutting Jobs, Production

Nokian Tyres said it will cut 450 jobs at its headquarters plant in a move to reduce production by some 1.5 million tires.

04.12.2008 Materials Prices Strike a Raw Nerve in 2008

Across many industries 2008 will be long remembered for its spate of raw material price increases and their knock-on effect.

24.11.2008 Nokian Sets Layoffs in Finland

Nokian Tyres announced that it would impose a 10-day layoff at its headquarters tire plant in Finland.

16.09.2008 Nokian Stock Plunges

Shares in the world’s most profitable publicly traded tyre manufacturer (according to Bloomberg), Nokian Renkaat Oyj, have experienced a sharp decline alongside most Russian stocks following the descent of the ruble in recent days.

21.07.2008 Nokian`s Latest UHP Tyre

The newest addition to the Nokian range of summer tyres is the Z G2; a W and Y speed rated uhp tyre, designed for sporty cars and fast driving.

20.06.2008 Nokian Tyres Named a Candidate for Nordic Environment Price

Finland’s Nokian Tyres is one of 37 candidates competing for the Nordic Council’s Nature and Environment Prize 2008.

07.06.2008 Nokian Trials RFID System

Nokian Tyres has taken on an RFID-based “manufacturing execution system” for use in its tyre production process.