Nokian to build tyre plant in Russia

From Rubber & Plastics News

Nokia, Finland-Nokian Tyres plc is planning to build a passenger tyre factory near St. Petersburg, Russia, in the coming 12 to 18 months at a cost of about $67 million.

Nokian’s plan is in addition to its off-take production agreements with Russia’s Amtel Group. The new factory will have initial annual capacity for 1.5 million tyres, the company said, with expansion to 8 million units a year over a 10-year period.

Nokian plans to start production at the facility during 2005. The plant…

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