Capital markets UPDATE
Nokian Tyres held a virtual Capital Markets Update on April 25.
The first zero CO2 emission factory in the tire industry
In May 2023, Nokian Tyres broke ground for the company’s new passenger car tire factory in Oradea, Romania. The factory will be the first zero CO2 emission factory in the industry.
"This investment is a significant strategic decision enabling our future growth. A world-class manufacturing facility in Europe is a key step in getting additional capacity and creating a balanced manufacturing platform as we start building the new Nokian Tyres without Russia,” says Jukka Moisio, President and CEO of Nokian Tyres."
The first tires are estimated to be produced in the second half of 2024 and commercial tire production is expected to start in early 2025. The annual capacity of the factory will be 6 million tires with an expansion potential in the future. The total investment is estimated to be approximately EUR 650 million, which is among the most valuable investments in Romania in the recent years.
Upcoming IR events
Silent period January 1 – February 6, 2024
Nokian Tyres Annual Report for 2023 is published at the beginning of March, 2024 and Corporate Sustainability Report for 2023 at the end of March, 2024. Both reports will be published in Finnish and English.
Nokian Tyres plc
P.O. Box 20
(Visiting address: Pirkkalaistie 7)