Mon September 23 11:00 am 2013 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 23 September 2013, 11.00 a.m.

Nokian Tyres will integrate its Heavy Tyres and Truck Tyres business units into new Commercial Tyres business unit

Nokian Tyres will integrate Heavy Tyres and Truck Tyres profit centers and form a new Commercial Tyres profit centre as of 1st January 2014. The combined Net sales of the two profit centres were approximately EUR 150 million in 2012 and they employ about 280 people in Nokia, Finland. The integration of the profit centres is not expected to have any immediate impact on personnel.

- The integration of two small business units’ resources, operations and management gives us a better chance to develop operations and improve sales. In addition, the synergies of the integration improve profitability clearly, says Kim Gran, the President and CEO of Nokian Tyres.

Pontus Stenberg, the current Director of Nokian Truck Tyres, will be the Director of the new profit centre. For the transition period, Pontus Stenberg has been appointed also as Director of Heavy Tyres as of 1st October 2013.

The current Director of Heavy Tyres, Mr Jarmo Puputti, is joining another company as from 1st November 2013.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com