ESSEN, Germany (May 25, 2016) — Nokian Tyres P.L.C. has narrowed its search for a site for its third plant to North American and Eastern Europe, according to Nokian CEO Ari Lehtoranta, who also acknowledged the company is “also considering the option of maybe getting into a partnership.”
Nokian expects to announce the plant's location by the fourth quarter, Mr. Lehtoranta told European Rubber Journal at this week's Reifen tire trade show in Essen. The plant is slated to open with a capacity of 5 million passenger car tires a year.