The new investment will total approximately EUR 70 million in its factory in Nokia over the following three years
50 new people will be employed to produce heavy tyres. Nokian indicates that the international heavy tyres market has improved, and Nokians sales have been increasing. Nokian plans to meet this increased demand by increasing their production capacity in their current factory in Nokia, Finland. Nokia is an ideal location due to its skilled personnel and capabilities to produce high quality products in the modernised factory.
The aim is to increase the maximum capacity for heavy tyre production from approximately 20 million kg to 32 million kg. Nokian Heavy Tyres Ltd has also signed an agreement with the local labour union for increasing competitiveness through flexibility. The agreement motivates the personnel to develop multiple skills. This agreement remains in force until the end of 2020.
Nokian Heavy Tyres’ product development is derived from 80 years of expertise in the field of winter tyres and a good understanding of extreme conditions. Nokian Heavy Tyres is the global market leader in forestry tyres, and its experience with the changing seasons, the harsh northern environment and long-term product development efforts focusing on carefully selected product segments have made Nokian Heavy Tyres one of the world-leading special tyre manufacturers. Nokian Tyres products are known for their extremely high quality that guarantees a long service life and reliable functionality for a variety of uses and conditions. Source