Nokian Tyres set to invest $360 million at US factory

Nokian Tyres is set to invest $360 million on a new factory on a greenfield site in Dayton (Rhea County), Tennessee, USA.

The annual capacity of the factory will be 4 million tyres with an expansion potential in the future. The site will also house a distribution facility with a storage capacity of 600,000 tyres.

Construction is scheduled to begin in early 2018 and the first tyres are to be produced in 2020.

The planned headcount of the factory is about 400 employees. The Dayton factory will concentrate on the production of passenger, SUV and light truck tyres that are sold exclusively or primarily in the North American market.