Nokian says it will continue to produce car tyres to prevent nationalisation and help ensure its products aren’t used for military purposes
Helsinki — Finland’s Nokian Tyres says it will continue production in Russia to retain control of its local factory, at a time when many companies are halting operations in protest at Russia’s invasion of Ukraine.
Before the Ukraine war, Nokian produced about 80% of the 20-million tyres it makes a year in Russia. It makes passenger car tyres in Russia, while tyres for heavier vehicles are made in Finland and elsewhere. Nokian CEO Jukka Moisio told Helsingin Sanomat in an interview published on Monday that the company did not want its Russian factory to end up “in wrong hands” to avoid its Russian factories being used to make tyres for the military.
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