ERJ staff report (TP)
Nokia, Finland – Nokian Tyres outlined its strategy to cut plant emissions and improve recycling volumes in 2014.
In its 107-page ‘Corporate Sustainability Report 2013’ published last week, the company detailed its targets for the coming year and explained last year’s products and profits.
Plans include to cut emissions from solvents or volatile organic compounds used in the production of heavy tyres.
In 2013 its solvent emissions were 73.7 tonnes – the environmental permit of its Nokia plant allows for 68 tonnes.
To comply with EU directives it will implement an incineration plant in Nokia at the end of 2014 – “at the latest”.
Its recycling volumes are “growing rapidly” at its Russian plant (in Vsevolozhsk) – in 2011 the recycling rate was 64% of generated waste, while in 2013 it was 80%. At its Nokia plant – the rate is about 94%.
New products launched last year included the Forest King F2 for forestry machines and the CT Bas for heavy earthmoving trailers.
Finances took a hit as operating profit fell by 7.1% – from €415m in 2012 to €385.5m in 2013. Gross investments saw a 40% drop – falling from €209.2m in 2012 to €125.6m.
Nokian put some of this down to a weak global economy – particularly in Europe.
Also, as ERJ reported in March, profit was affected by a reassessment decision from the Finnish Tax Administration – and the company had to pay €100.3m in additional taxes.