Nokian tires officially renamed Ikon in Russia
- April 25, 2023
- 0
Russian oil company PJSC Tatneft, which bought its Russian assets from Finnish conglomerate Nokian Tires plc, has announced the rebranding of both its “new thing” and the tire
Russian oil company PJSC Tatneft, which bought its Russian assets from Finnish conglomerate Nokian Tires plc, has announced the rebranding of both its “new thing” and the tire products it produces. The AvtoVzglyad portal reports that from now on the Nokian brand in Russia has changed to Ikon. Accordingly, Nokian Tires is in Ikon Tires (“Ikon Tyers”).
Under the terms of the deal for the sale of Nokian’s tire business in Russia, the Nordman brand was transferred to the new owner. Recall that it took place at the end of March 2023. As a result, in addition to Nokian Tires production site in Vsevolozhsk, PJSC Tatneft received Hakka Invest LLC, which leases and manages Nokian Tires real estate in Russia. The deal was valued at 285 million euros.
It is known that the Vsevolozhsk plant is equipped with 14 production lines and can produce up to 17 million tires per year. According to the new owner’s official statement, it now produces “mid-range tires under the Nordman brand”. Premium tires will be produced under the new parent brand – Ikon Tires.
Ikon Tires also stated that it assumes all obligations to maintain production and extended warranty for Nokian Tires tires previously sold in Russia, regardless of the country of manufacture.
Under the terms of the deal for the sale of Nokian’s tire business in Russia, the Nordman brand was transferred to the new owner. Recall that it took place at the end of March 2023. As a result, in addition to Nokian Tires production site in Vsevolozhsk, PJSC Tatneft received Hakka Invest LLC, which leases and manages Nokian Tires real estate in Russia. The deal was valued at 285 million euros.
It is known that the Vsevolozhsk plant is equipped with 14 production lines and can produce up to 17 million tires per year. According to the new owner’s official statement, it now produces “mid-range tires under the Nordman brand”. Premium tires will be produced under the new parent brand – Ikon Tires.
Ikon Tires also stated that it assumes all obligations to maintain production and extended warranty for Nokian Tires tires previously sold in Russia, regardless of the country of manufacture.
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.
