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Nokian moves some tyre production out of Russia

Following Russia’s invasion of Ukraine, Nokian Tyres says it is moving production of “selected key product lines” out of Russia and into Finland and the United States.

In a statement, Nokian said: “We are shipping tyres closer to our customers, securing the raw material supply to our factories, transferring production of selected key product lines from Russia to Finland and to the US, and securing transport capacity from Russia with existing and new service providers.”

Nokian’s Russia plant is located in the town of Vsevolozhsk, near Saint Petersburg, where it employs around 1,600 people.

The tyre maker says it is monitoring the situation in Ukraine “with great sadness” and hopes for “a quick diplomatic solution to this tragedy”.