Nokian plans to combine business units
Nokian Tyres P.L.C. announced it will integrate its heavy tires and truck tires profit centers and form a new commercial tires profit center on Jan. 1, 2014.
The company says the combined net sales of the two profit centers were approximately 150 million euros in 2012 ($198 million based on the exchange rate on Dec. 31, 2012) and they employ about 280 people in Nokia, Finland.
The integration of the profit centers is not expected to have any immediate impact on personnel.
“The integration of two small business units’ resources, operations and management gives us a better chance to develop operations and improve sales," says Kim Gran, CEO and president of Nokian Tyres.
"In addition, the synergies of the integration improve profitability clearly."
Pontus Stenberg, the current director of Nokian Truck Tyres, will be the director of the new profit center. For the transition period, Stenberg has been appointed as director of heavy tires as of Oct. 1, 2013.
The current director of heavy tires, Jarmo Puputti, is joining another company on Nov. 1.
For more stories on Nokian, see: