Nokian Tyres plc says it is the largest exporter of consumer goods in Russia, and in response to the crisis in neighboring Ukraine, the tiremaker is transferring production of select "key product lines" out of its Russian tire factory to plants in Finland and the U.S.
Nokian Tyres plc is increasing production capacity at its Finnish tire factory by about 30% by adding shifts, extending the production week to six days and hiring more personnel to build passenger car tires.
Zhongce Rubber Group Co. Ltd. (ZC Rubber) "is eyeing a new overseas plant in America, Europe or the Middle East," Shen Jinrong, chairman of ZC Rubber Group, revealed during its recent, all-online dealer conference.
Is there still a place for the smaller wholesale-distributor? Who will be making the next dealership acquisition? And what about Amazon? MTD columnist John Healy examines challenges tire dealers face in 2020.