Nokian Tyres to Exit Russia; Takes EUR 300 Million Impairment in Q2

Dienstag, 28.06.2022 16:10 von PLX

• (PLX AI) – Nokian Tyres initiates a controlled exit from Russia.
• • Nokian Tyres will record impairments of approximately EUR 300 million related to the Russian assets in the second quarter
• • CEO says we have decided to rebuild Nokian Tyres without a presence in Russia and focus on growth opportunities in our other core markets
• • Nokian Tyres has continued to increase capacity at its factories in Finland and in the US, and has decided to invest in completely new capacity in Europe