The Russian plant Nokian Tires produced 82% of all brand tires for passenger cars in 2021

The Russian plant of Finnish tire maker Nokian Tires, located in Vsevolozhsk, Leningrad region, produced 82% of the brand’s passenger car and SUV tires, the manufacturer said in its annual report on Tuesday.

“In 2021, 82% (87% in 2020) of tires for passenger cars and SUVs under the Nokian Tires brand were produced at a plant in Russia,” the report says.

Net sales of the corporation for 2021 increased by 30.5% and amounted to 1.714 billion euros (1.313 billion euros in 2020). Adjusted operating income was €324.8 million (€190.2 million in 2020). Operating profit was 268.2 million euros (120.0 million euros in 2020).

In September 2021, Nokian Tires updated its medium-term strategy, financial and non-financial goals. The medium-term goal of Nokian Tires is to reach 2 billion euros in net sales.

The largest market for the company remained Northern Europe – 684 million euros of net sales (40%), other European countries – 464.8 million euros (27%), Russia and Asia – 335.6 million euros (20%), America – 228, 9 million euros (13%).

Nokian Tires is the northernmost tire manufacturer in the world and one of the most sustainable companies in the industry. Tires are produced at our own factories in the cities of Nokia, Finland (6 million tires per year), Russian Vsevolozhsk, Leningrad Region (14 million tires per year) and a plant launched in 2020 in Dayton, USA. The company also places orders for the production of tires under its own brand at third-party enterprises.