New Nokian plant in Europe
30 august 2012
The CEO of the Finnish company Nokian Tyres, Kim Gran, recently stated that the company's plans for the near future include the construction of a new European plant. The new enterprise is expected to be opened in Eastern Europe to meet the demand on the local market. Most likely, the plant will be built in Serbia. The second country, which, according to unconfirmed information, is claiming to host the new Nokian branch, is Slovenia.
The choice of the country where the plant will be built, as reported by Mr. Gran, will depend primarily on the tax benefits and subsidies that are expected in Serbia and Slovenia.
The construction of the plant is presumably scheduled to begin at the beginning of next year. However, it may not start. The fact is that the company had to temporarily put the project on hold. The culprit is the economic downturn. The decision to build the plant should be made in the very near future. Kim Gran stated that the company urgently needs a plant in Eastern Europe.
Recall that the Finnish company Nokian Tyres sells almost half of the produced tires in Russia. In June of this year, the second Russian branch of the company was opened in Vsevolozhsk with a production capacity of six million tires per year.
The choice of the country where the plant will be built, as reported by Mr. Gran, will depend primarily on the tax benefits and subsidies that are expected in Serbia and Slovenia.
The construction of the plant is presumably scheduled to begin at the beginning of next year. However, it may not start. The fact is that the company had to temporarily put the project on hold. The culprit is the economic downturn. The decision to build the plant should be made in the very near future. Kim Gran stated that the company urgently needs a plant in Eastern Europe.
Recall that the Finnish company Nokian Tyres sells almost half of the produced tires in Russia. In June of this year, the second Russian branch of the company was opened in Vsevolozhsk with a production capacity of six million tires per year.