# 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.

- Type: New facility
- Announced: 2022-11-01
- Where: Oradea, Romania
- Value: $650.0M (650.0M EUR)
- Jobs: 500
- Starts operating: Q3 2024
- Status: announced
- Capacity: 6 million tires per year
- Products: passenger car tires, SUV tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nokian Tyres](https://endata.com/companies/24022.md)

## Sources

- [company.nokiantyres.com](https://company.nokiantyres.com/news-and-media/news-article/inside-information-nokian-tyres-plc-to-invest-in-a-greenfield-factory-in-romania-the-first-zero-co2-emission-factory-in-the-tire-industry/), 2022-11-01: "This investment is a significant strategic decision enabling our future growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.