Mixed Response to Nokian’s Russia News
(Clacton, U.K./Tyres & Accessories) Some analysts have responded positively to a Nokian’s announcement that it has launched the second stage of its Russian plant.
Nokian Launches Phase Two of its Russian Plant
(Clacton, U.K./Tyres & Accessories) The second stage of Nokian Tyres‘ Russian factory, which started operation in June 2005, was launched Nov. 22 in Vsevolozhsk.
Invesco Stake In Nokian Exceeds 5%
(Clacton, U.K./Tyres & Accessories) Nokian Tyres announced that Invesco Asset Management, as a result of a share transaction concluded on July 17, now represents more than 5% of the voting rights and share capital in Nokian Tyres.
Nokian ‘On the Road Again’
(Clacton, U.K./Tyres & Accessories) Following positive second quarter reports, Nokian Tyres is back “on the road again,” according to Deutsche Bank analysts.
Nokian Goes Radial With Forestry Line
(Akron/Tire Review) Nokian Tyres plc has introduced a new radial forestry tire – the Nokian Forest Rider – targeting medium-sized cut-to-length forest harvesting machines.
Nokian Sales Grow 18.3%, Pre-Tax Profits Down 10.8%
(Clacton, U.K./Tyres & Accessories) Nokian’s net sales grew to 349.4 million euros (18.3 per cent) in the first quarter of 2006.
Nokian Shares Soar 18 per cent Following Positive Results
(Clacton, U.K./Tyres & Accessories) Analysts have interpreted Nokian’s positive results as an indication that the Finnish company’s move to Russia has paid off.
Analysts Confident About Nokian Prospects
(Clacton, U.K./Tyres & Accessories) Nokian Tyres’ new HP 5 winter tyre has been well received in the market and pre-season sales have started well.
Nokian to Invest in Heavy Tyre Production
(Clacton, U.K./Tyres & Accessories) Nokian Tyres’ board of directors has approved a plan to invest 4 million euros to expand heavy radial tyre production capacity.
Nokian Sales and Profits Increase
(Clacton, U.K./Tyres & Accessories) At 686.5 million euros, Nokian Tyres’ net sales in 2005 were 13.8% higher than 2004’s figure of 603.3 million euros.