Nokian to Invest $174 Million in Plant, New Distribution Center
Light Truck Tire Production On the Agenda in 2023
Nokian Tyres plc is investing $174 million to expand capacity at its plant in Dayton, Tenn., and build a 60,000-square-foot distribution center there.
The investment will allow Nokian to add light truck tires to the plant's production mix later this year.
The new distribution center will join Nokian's current network of nine warehouses throughout the United States and Canada "and will serve the growing volume of (Nokian) customers in the Sun Belt," according to company officials.
Nokian plans to bring the new distribution center online by mid-2024.
Nokian's Dayton plant set production records in 2022.
"The company has begun adding infrastructure inside the factory to meet its goal of producing up to four million tires per year - a milestone it plans to reach in 2024."
"As demand for our tires grows in the U.S. and Canada, our expanded Dayton factory will supply customers with a rising number of safe, sustainable all-season and all-weather products," says Tommi Heinonen, Nokian's vice president of sales.