Investments and acquisitions

Inside information release, November 1, 2022 
Nokian Tyres plc to invest in a greenfield factory in Romania, the first zero CO2 emission factory in the tire industry

Investments in January−September 2022 amounted to EUR 59.6 million (59.6). Depreciations and amortizations totaled EUR 114.9 million (104.1). Impairments of EUR 280.7 million (0.0) related to the Russian assets were recorded as part of the Russia exit process.

In June 2022, Nokian Tyres acquired three hectares of land and, after the review period in October, an industrial property in Nokia, Finland to secure future development opportunities at the Nokia factory.

Investments in 2021 amounted to EUR 119.6 million. Depreciations and amortizations totaled EUR 140.5 million. Impairments were EUR 17.0 million.

Acquisitions and divestments

Vianor US network, including ten service centers, was sold in August 2020. Nokian Tyres' products are offered in the US via selected partners. Read more. 

In August 2019, Nokian Heavy Tyres Ltd. acquired Levypyörä Oy, a Finnish heavy equipment wheel company, with annual net sales of approximately EUR 18 million, of which approximately 30% has been sales to Nokian Tyres. Read more.