Nokian Tyres will integrate heavy tire and truck tire profit centers and form a new commercial tire profit center as of Jan. 1, 2014.
The combined net sales of the two profit centers were approximately EUR 150 million in 2012 and they employ about 280 people in Nokia, Finland. The integration of the profit centers is not expected to have any immediate impact on personnel.
“The integration of two small business units’ resources, operations and management gives us a better chance to develop operations and improve sales. In addition, the synergies of the integration improve profitability clearly,” said Kim Gran, president and CEO of Nokian Tyres.
Pontus Stenberg, a current director at Nokian Truck Tires, will be the director of the new profit center. For the transition period, Stenberg has been appointed also as director of heavy tires as of Oct. 1.