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September 28, 2004 12:00 AM

Nokian to start contract manufacturing of tyres in China

ERJ Staff
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    By Liz White, ERJ staff

    Nokia, Finland-Nokian Tyres plc has found a Chinese partner to make Nokian-brand passenger car tyres under contract, starting October 2004.

    Nokian has signed Giti Tire (China) to contract-manufacture the tyres in its factories in China. The Finnish winter tyre expert described Giti Tire as “the biggest producer and market leader in tyres in China.”

    Initially the Chinese tyre manufacturer will make Nokian brand summer tyres, mainly for the North American market. Following the start-up of the venture later this year, Nokian's target is for Giti to make half a million tyres in 2005, and gradually increase the volume up to 1.5 million tyres a year, the firm's statement said.

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