Nokian Tyres to invest €650M in greenfield tire factory in Oradea, Romania

Nokian Tyres' board has decided to invest approximately €650 million in a new passenger car tire factory in Oradea, Romania, with an annual capacity of 6 million tires. Construction is scheduled to begin in early 2023, with first tires produced in the second half of 2024 and commercial production in early 2025.

“This investment is a significant strategic decision enabling our future growth.”company.nokiantyres.com

• 1 source
• company.nokiantyres.comInside information: Nokian Tyres plc to invest in a greenfield factory in Romania, the first zero CO2 emission factory in the tire industry / Nokian TyresNov 1, 2022

Summarized from public sources; check the original articles before acting on it.