Retail

Nokian to build tires in Kazakhstan

Order Reprints

Nokian Tyres plc plans to build a joint venture passenger tire factory in Kazakhstan with Ordabasy Corp. JSC. Nokian's initial share will be 10%.

However, it has the option to increase its ownership to a minimum of 50%.

Tires built at the plant will be sold in Kazakhstan, as well in Central-Asia, Russia and Eastern Europe.

The facility will come on-line during 2009 and is expected to reach full production capacity of four million tires by 2012 or 2013.

Related Articles

VIP Tires Shows Why You Should Still Tell Your Story in 2020

Tire Kingdom Donates Tires to Florida Family

Selling High-End Products in a Down Market: Butler Caters to Big 'Wants'

You must login or register in order to post a comment.