Nokian to Invest in Heavy Tyre Production

This will mean an increase in Nokian Tyres’ total investments in 2006 from 88 million euros to 92 million euros.

The investment includes the whole production process, including component manufacturing, tyre assembly and curing at the company’s plant in Nokia, Finland. The investment will mean a capacity increase of the Nokian Tractor Industrial 2 product line, launched in 2004, and of the Nokian Country King product line, launched in 2005, to better meet the strong growth in demand.

The increase in radial tyre capacity will come on-stream towards the end of this year and in early 2007. When the whole investment is up and running, the radial tyre annual capacity will grow by around 30% and the total heavy tyre capacity by some 10%. The investment has no significant impact on numbers of staff, says Nokian.

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."