Nokian starts off-take with Bridgestone; drops Michelin

By Bruce Davis, ERJ staff

NOKIA, Finland-Nokian Tyres PLC is shifting off-take production of heavy truck tyres to Bridgestone Corp. from Groupe Michelin and has contracted India’s Balkrishna Tyres Ltd. to make agricultural tyres.

Starting this quarter, Bridgestone will start making Nokian-brand truck tyres at its plant in Bilbao, Spain. Michelin had been making them at subsidiary plants in Olsztyn, Poland, and Budapest, Hungary, for the past four years. That output amounted to about $11 million in value annually, Nokian said.

Nokian said the change…

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