European Commission approves €99.5M state aid for Nokian Tyres' zero-CO2 tire factory in Romania

The European Commission approved a €99.5 million Romanian state aid measure for Nokian Tyres to build a zero-CO2 tire factory in Oradea, Romania. The total investment is about €650 million, with capacity of 6 million tires per year and 500 jobs. Construction started in May 2023, first tire produced July 2024, commercial production early 2025.

“The plant is expected to have a capacity of approximately 6 million units per year.”automotive-today.ro

• 2 sources
• automotive-today.roEuropean Commission approves 99.5 million Euro state aid measure for the Nokian Tyres’ tire factory in Romania – Automotive TodayPetre BaracAug 14, 2024
• company.nokiantyres.comNokian Tyres inaugurates its passenger car tire factory in Oradea, Romania - the world’s first full-scale zero CO2 emission tire factory / Nokian TyresSep 19, 2024

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