Finnish tire manufacturer Nokian Tires will stop the plant in Russia
1179 Wednesday, 29 June, 2022, 00:36 The Board of Directors of Nokian Tires decided to leave the Russian market and stop the largest enterprise in Vsevolozhsk. It produces 80% of all products of the company. The decision on a “controlled exit” from the Russian market was made by the company’s board of directors. Work during the war in Ukraine and under sanctions was recognized as inappropriate. The plant in Vsevolozhsk produced 80% of all Nokian Tires tires. “In recent months, we have witnessed shocking events in Ukraine. We are following the situation with great sadness and, together with the entire international community, unreservedly condemn the war, which caused untold suffering to many,” said Jukka Moisio, CEO of Nokian Tires. It was decided to completely overhaul the strategy of Nokian Tires and abandon the presence in Russia. It is noted that in the second quarter of this year, the assets of Nokian Tires in the Russian Federation depreciated from 700 to 400 million euros. |
Turkey imposes export restrictions on Israel until Gaza ceasefire
175109.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
242602.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
247630.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
248429.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
261727.03.2024, 14:36EU approves 13th sanctions package against Russia
599821.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
324319.02.2024, 12:48Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC
341415.02.2024, 21:36