Finnish tyre maker considering options in Russia

By Liz White, ERJ staff

Nokia, Finland-Nokian Tyres plc announced 20 Feb that it is considering ways of strengthening its position in the rapidly growing Russian tyre market, but said its investigations are, “not completed and no final decisions have been taken.”

The statement came in response to press reports and stock market speculation that the Finnish tyre maker was to take a 10 percent stake in the Amtel group, Russia’s second largest tyre maker.

Nokian later issued a further statement which said that, “no merger…

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