Tag: Nokian
Nokian Tires sells its Russian operations for 285 million euros
After the Russian registration formalities, the deal will be completed and Nokian Tires’ operations in Russia will end.
Heli Jantunen, Martti Koskenniemi and Merja Penttilä will receive the honorary title of Academician of Science
and research professor Merja Penttilä has expertise in biotechnology and synthetic biology. They are all respected scientists and researchers with pioneering experience in their respective fields of research. Their work has wide-ranging importance in different sectors of society and thus helps to solve global challenges. A maximum of 16 distinguished Finnish scientists can have the […]
Nokian Renkaat agreed on the sale of the Russian operations
Nokian Tires started operating in Russia in 2005, and by 2021, approximately 80 percent of the company’s passenger car tires had been manufactured in the country.
The court acquitted the defendants in Nokian Tires’ insider trading case
On Friday, the Helsinki District Court acquitted 10 defendants in a criminal case against the CEO of Nokian Tires and other executives suspected of inadequate disclosure of information to the stock market. The charges included gross misconduct and insider trading. The case was related to a scandal in 2016 that revealed that tire inspection tests […]
Finnair makes ninth consecutive loss-making quarter, announces cost cuts
However, the change is twofold, as a coronavirus pandemic that has eased its grip has led to the normalization of travel in southern Asia – India, Singapore and Thailand, as well as Europe and the United States. “Over the past two years, Finnair has faced two major disruptions on a historical scale: the global pandemic […]
Nokian Tires: New sanctions "significant effect" Russian operations
Nokian Tires Finland on Monday said that the EU’s new sanctions on Russia would significantly hamper its operations in the country and that it would accelerate investment plans for new production capacity in Europe. The tire manufacturer has been criticized for its decision to continue operations in Russia, while many other international companies have ceased […]
New EU sanctions restrict Nokian Tires’ imports from Russia
Finnish tire manufacturer Nokian Tires said on Saturday that its tire production in Russia would be subject to new EU sanctions and a ban on imports into the EU. The announcement came as Prime Minister Sanna Marin (SDP) said all Western companies must leave Russia. "We are currently examining new sanctions in detail and will […]
Explanation: Almost two-thirds of Finns boycott Finnish companies in Russia
Two-thirds (66%) of women and 60% of men expressed a willingness to boycott such products and services. Those over the age of 35 were particularly willing to show resentment at operating in a war-torn country, while those between the ages of 18 and 24 did not blame such operations, as about half were ready and […]
Nokian Tires: Streamlining production in Finland and the USA, but staying in Russia
Finnish tire manufacturer Nokian Tires said on Tuesday that it plans to increase production at its domestic and US plants, but will continue to produce passenger car tires at its plant in Russia. Nokia faced a public backlash after saying it did not intend to suspend operations in Russia, as many other international companies have […]
Nokian Tires shares will fall 13% after the company decides to stay in Russia
Joonas KorkiakoskiAn analyst at Inderes wrote on Friday that Nokian Tires said in a call that it expects supply to exceed demand as a result of the withdrawal of competing tire manufacturers such as Bridgestone, Continental and Michelin. “The company didn’t really say it would benefit from the situation, but it was an analyst observation […]
Nokian Tires’ shares will fall after the decision to stay in Russia
Nokian Tires’ share prices fell more than 14 percent on Monday afternoon compared to Friday’s closing price. Last Thursday, the tire company told analysts it plans to continue production in Russia, although many of its competitors announced their intention to suspend operations in Russia in response to its February 24 attack on Ukraine. Helsingin Sanomat […]
Finnair’s share price collapses when Russia closes airspace
The national airline Finnair, which recently announced that it was recovering from the pandemic recession, suffered a setback again on Monday. As expected, Russia banned planes from entering the airspace from Finland or other EU countries. This means that Finnair’s profitable Asian routes have to make long and expensive detours. The day after the EU […]
Nokian Tires reveals the members of the large jury of the innovation challenge of sustainable development
Anke Blume (Prof. Dr.) is the Director of Elastomer Technology and Engineering at Universiteit Twente, the Netherlands. Thiemo Fleck is the managing director of auto motor und sport professional, a well-known German car magazine with extensive international distribution. Inka Mero is the CEO and founder of the deep technology private equity fund Voima Ventures I […]
