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Mon March 15 12:30 pm 2004 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 15 March 2004 9.30 a.m.  

NOKIAN TYRES IN RUSSIA

Nokian Tyres concentrates in Russia in selling A-segment Nokian branded tyres and in building its own tyre factory. The company has started a process with the target to terminate the operations of its Russian JV company Amtel-Nokian Tyres, which was established to sell Nordman branded B-segment tyres.

In order to further strengthen the distribution and sales network of A-segment tyres, Nokian Tyres has established a logistic centre in the Moscow area.

Nokian Tyres plc

Raila Hietala-Hellman
Vice President, Communications and IR

Further information: Mr. Kim Gran, President and CEO, tel. + 358 3 340 7336

Distribution: HEX and major media