Wed November 22 11:58 am 2006 in category Stock exchange releases
Nokian Tyres plc Press release 22 November 2006



The second stage of the Nokian Tyres Russian factory, which started to operate in June 2005, is completed and launched today in Vsevolozhsk. The second stage includes the warehouse and the mixing department construction work which started in September 2005.

The 19,000 square meter warehouse can house approximately 600,000 tyres. The start-up and test-run of the first mixing line at the new department was done in September and the second line is in installation. The new mixing department enables the company to produce rubber compounds for the tyre production locally in Russia and end the deliveries from the Nokia factory in Finland.

- The building and expansion work of our Russian factory has proceeded well and we have been able to accelerate the timetable. The new mixing department enables us to take into use the third and the fourth production lines at the tyre factory in 2007 and to reach the capacity of 4 million tyres by 2008 as planned, says Mr. Kim Gran, President and CEO of Nokian Tyres.

The Vsevolozhsk factory manufactures Nokian-branded car summer and winter tyres, the majority of which are sold in Russia and CIS countries. Currently the daily output of the factory is approximately 6,000 tyres. The production volume and quality are in line with targets.

Nokian Tyres has a strong position in the rapidly growing Russian tyre market. In January-September 2006 Nokian Tyres' sales in Russia increased by approximately 70% compared to the previous year.

Further information: Mr. Kim Gran, President and CEO, tel. +358 3 340 7336 and Mrs. Raila Hietala-Hellman, Vice President, Corporate Communications, tel. +358 3 340 7298.