ERJ staff report (BC)
Nokia, Finnland – Nokian Tyres has issued its Annual Report for fiscal 2012.
Demand for its passenger tires increased in Russia but decreased clearly in Central Europe, notes the company, with a challenging operating environment in the second half of the year.
Nokian Tyres’ net sales grew by 10.7%. The company increased its winter tire market shares in Russia and the Nordic countries. In Russia, Nokian Tyres grew three times faster than the market, it claims.
On the back of an improved sales mix, the…