Amtel-Nokian JV on the way out

By Liz White, ERJ staff
Nokia, Finland-Nokian Tyres plc announced 15 Mar that it aims to terminate its JV with Amtel in Russia, Amtel-Nokian Tyres, set up to market B-segment Nokian-brand tyres in Russia.

The Finnish tyre maker said that it intends to focus in future on selling its A-segment Nokian-brand tyres in the region, and on its recently announced plan to build its own tyre factory in St Petersburg, in Russia.

At the same time, the company said, it has also leased a warehouse in the…

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