LONDON (Feb. 10, 2016) — Nokian Tyre P.L.C.'s plans for a third plant include possibly locating it in the U.S., according to company spokesman Antti-Jussi Tähtinen, but the Finnish company has ruled out China as potential site.
“We originally had three locations in mind, Eastern Europe, United States and China for the third plant,” Mr. Tähtinen, vice president, marketing and communcations, told European Rubber Journal, a sister publication of Tire Business. “However, China has been dropped now and we will make a decision on the final location by (the fourth quarter).”
Nokian's decision on the new plant will take place against the background of lower sales in many of its key markets. The Nokian spokesman declined to give further details on the size of the investment and the planned capacity of the plant.
Nokian's existing plants are in Nokia, Finland, and Vsevolozhsk, Russia. Nokian has been studying the feasibility of a third plant since early 2013.