Nokian Tyres Cuts Dividend, Accelerates Plans for New Production Capacity in Europe

Mittwoch, 30.03.2022 15:02 von PLX

• (PLX AI) – Nokian Tyres cuts dividend proposal to EUR 0.55 per share from EUR 1.32 per share earlier.
• • Says to expedite its plans to invest in new production capacity in Europe due to Russia's invasion of Ukraine
• • The company continues to increase capacity at its factories in Finland and the US
• • NOTE: Nokian Tyres has more than 70% of its production capacity in Russia currently