Investments and divestments
In recent years, Nokian Tyres has implemented a major investment phase to rebuild its production capacity to meet the demand for high-quality and sustainable tires.
During 2023-2025, Nokian Tyres invested approximately EUR 800 million in expanding its production capacity. With the investment phase now completed, the company’s focus shifts to ramping up and efficiently utilising capacity, improving operational efficiency, and executing its profitable growth strategy. At the same time, capital expenditure is returning to normalized levels.
The most significant individual investment, amounting to approximately EUR 650 million, is the new passenger car tire factory in Romania. The factory supports the geographical diversification of production and addresses growing demand for high‑quality and sustainably produced tires. It is the world’s first full‑scale CO₂‑emission‑free tire factory, and can be expanded in the future in line with market demand. A distribution facility located at the same site supports efficient warehousing and distribution of tires.
To support the establishment of the factory, the European Commission approved in 2024 up to EUR 99.5 million Romanian state aid measure. The first installment worth EUR 32.6 millionis was paid at the end of 2025.
Read more about the investment in Romania
Acquisitions and divestments
Here you can find information about Nokian Tyres' acquisitions and divestments during the last years.
2023
On March 30, 2023, the sale of Nokian Tyres’ operations in Russia was completed and all Nokian Tyres’ operations in Russia ended. The sale price was EUR 285 million.
Nokian Tyres plc initiates a controlled exit from Russia (June 28, 2022)
Nokian Tyres plc to sell its operations in Russia (October 28, 2022)
Nokian Tyres plc has completed the sale of its operations in Russia (March 30, 2023)
2020
On August 31, 2020, Nokian Tyres announced that it had sold Vianor US network, including ten service centers, to the American Gills Point S Tire. Nokian Tyres' products are offered in the US via selected partners.
Nokian Tyres sells Vianor US to Gills Point S (August 31, 2020)
2019
On August 1, 2019, Nokian Heavy Tyres Ltd. acquired Levypyörä Oy, a Finnish heavy equipment wheel company, with annual net sales of approximately EUR 18 million, of which approximately 30% has been sales to Nokian Tyres.
Nokian Heavy Tyres acquires a Finnish heavy equipment wheel company Levypyötä Oy (August 1, 2019)