Nokian Tires lost its largest factory
- March 27, 2023
- 0
Nokian Tires is no longer the official owner of its Russian factory – control over it has been transferred to Tatneft. And the loss of this asset is
Nokian Tires is no longer the official owner of its Russian factory – control over it has been transferred to Tatneft. And the loss of this asset is a serious blow to the Finnish tire manufacturers.
The beauty and pride of the Finnish tire industry, the Nokian Tires production site in Vsevolozhsk has officially become 100% owned by the Russian Tatneft. In addition to Nokian Tiers LLC’s factory, Hakka Invest LLC, which leases and manages Nokian Tires’ real estate in Russia, also came under its control.
It is known that the Finns hoped to get 400 million euros from the sale of their Russian assets, but they did not succeed – the oilmen paid only 285 million euros.
But the Vsevolozhsk plant was considered the largest and most modern Nokian Tires enterprise. It was aimed at the supply of tires and European markets. The company has 14 production lines and is designed to produce up to 17 million tires per year.
According to previously published estimates, the cessation of supply of Nokian tires from Russia will very regrettably affect the brand’s sales in the next 2-3 years. This will particularly affect the Central Europe region.
The beauty and pride of the Finnish tire industry, the Nokian Tires production site in Vsevolozhsk has officially become 100% owned by the Russian Tatneft. In addition to Nokian Tiers LLC’s factory, Hakka Invest LLC, which leases and manages Nokian Tires’ real estate in Russia, also came under its control.
It is known that the Finns hoped to get 400 million euros from the sale of their Russian assets, but they did not succeed – the oilmen paid only 285 million euros.
But the Vsevolozhsk plant was considered the largest and most modern Nokian Tires enterprise. It was aimed at the supply of tires and European markets. The company has 14 production lines and is designed to produce up to 17 million tires per year.
According to previously published estimates, the cessation of supply of Nokian tires from Russia will very regrettably affect the brand’s sales in the next 2-3 years. This will particularly affect the Central Europe region.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
