DAYTON, Tenn. — Nokian Tyres P.L.C. has released its annual sustainability report highlighting some of its recent accomplishments.
Among the highlights of the report are:
- Nokian's administration building at its tire making facility in Dayton, Tenn., earned LEED v4 Gold certification last year. The facility is fully powered by energy generated by onsite solar panels and features employee amenities such as a sauna, gym and canteen.
- In October, the company received the Tennessee Governor's Environmental Stewardship Award, the highest sustainability honor in the state, for its extensive sustainability efforts in Dayton.
- Nokian teamed with One Tree Planted and POWDR to plant 50,000 trees in Vermont, Colorado, Utah and Oregon, in some areas what had been impacted by wildfires and deforestation;
- Nokian has reduced CO2 emissions from tire production by 40% since 2015.
- Nokian achieved LEED v4 Platinum certification for the solar-powered visitor center at the company's new Hakka Ring test facility in Spain.
- The company created a concept tire, Green Step, that consists of 93% recyclable or renewable materials.
Nokian Senior Communications Manager Wes Boling said the company "works to empower the world to drive smarter, driving greener is an important part of that equation. We remain committed to continuing to make our collective journeys more beautiful."
Nokian recently announced it's stepping up plans to build a second factory in Europe to replace the capacity at its 16-year-old plant in Russia. The company will do so by cutting the dividend payment this year completely and re-allocating the $117 million it would have paid out toward the construction of a new plant.