Nokian Tyres
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| Type | Public (OMX: NRE1V) |
|---|---|
| Founded | 1988 |
| Headquarters | Nokia, Finland |
| Key people | Petteri Walldén (Chairman of the board), Kim Gran (President and CEO) |
| Industry | Manufacturing and service |
| Products | Tyres |
| Revenue | €1.081 billion (2008)[1] |
| Operating income | ▲ €247.0 million (2008)[1] |
| Profit | ▲ €168.9 million (2008)[1] |
| Employees | 3,810 (2008)[1] |
| Website | www.nokiantyres.com |
Nokian Tyres plc (Finnish: Nokian Renkaat Oyj) is a Finnish manufacturer of tires for cars, trucks, heavy duty equipment, and bicycles. It is the largest car tire manufacturer in the Nordic region. Headquartered in Nokia, Finland, Nokian (which were originally branded as Nokia tires; Nokian is the genitive) was split from the then conglomerate Nokia (which later became the world's largest mobile phone vendor) in 1988. Nokia Corporation no longer has any ownership interest in Nokian Tyres, whose largest shareholder (with an 18.9% stake) is the Japanese tire vendor Bridgestone. Nokian Tyres, however, still operates as an independent company.
In 2004, Nokian Tyres sold its bicycle tyres business to Suomen Rengastehdas Oy[2]. In the bicycle industry they remain as one of the few manufacturers of tungsten carbide studded snow tires.
Nokian Tyres also runs the Vianor tyre chain, which is the largest and most extensive tyre franchise in the Nordic countries with approximately 190 retail outlets across Finland, Sweden, Norway, the Baltic countries, and Russia.
[edit] References
- ^ a b c d "Annual Results 2008". Nokian Tyres. http://www.nokiantyres.com/files/nokiantyres/Osavuosikatsaukset_eng/tulos_2008_englanti.pdf. Retrieved on 2009-03-09.
- ^ "Nokian Tyres plc Stock Exchange Announcement December 1 2004 11 am NOKIAN TYRES BICYCLE TYRES BUSINESS TRANSACTION CONFIRMED". Nokian Tyres. http://www.nokiantyres.com/release?id=10343067&year=&group=. Retrieved on 2008-12-09.
[edit] External links
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