Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Nokian Tyres plc, headquartered in Nokia, Finland, produces tyres for cars, trucks, buses, and heavy-duty equipment. Known for its winter tyres, Nokian is the only tyre manufacturer in the world with its own permanent winter tyre testing facility.

 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Finland
Automotive

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1064
Assets(RF), mln.USD
897
Capital(RF), mln.USD
537
Glob.Revenue, mln.USD
1867
Staff(RF), 2021
1600

Finnish Nokian found a buyer for its business in Russia. Tatneft gains Russian government’s approval to buy Nokian Tyres operations.

The Company Statement
March 17, 2023

28.06.2022: Nokian Tyres initiated ‘controlled exit’ from Russia. Nokian Tyres aims for Q3 decision on new plant to replace Russia production. Nokian Tyres plan to open a new factory in Romania following Russian exit. 16.03.2023: Nokian Tyres closed the sale of Russian operations and received EUR285m from PJSC Tatneft. The Government Commission for Control over the Implementation of Foreign Investments approved the purchase by Tatneft of the enterprises of the Finnish tire manufacturer Nokian Tires in Russia. The signing of the deal was announced on October 28, 2022. 16.03.2023: Nokian Tyres closed the sale of Russian operations and received EUR285m from PJSC Tatneft.

Open the Statement
Statements Archive
October 04, 2023Interview: head of the Ikon Tires tire plant Andrey Pantyukhov about life without Nokian
July 21, 2023Nokian Tyres profit tumbles amid Russian exit - Reuters
July 05, 2023The Russia-Ukraine War Changed This Finland Company Forever - The New York Times
June 01, 2023Remaining Western firms face tricky Russian exits
April 25, 2023Nokian Tyres targets return to growth after Russia exit
March 21, 2023Nokian Tyres on Track to Complete Sale of its Russia Manufacturing Plant
March 14, 2023Tatneft gains Russian government’s approval to buy Nokian Tyres operations
March 14, 2023The government allowed Tatneft to buy the enterprises of the Finnish tire manufacturer Nokian Tires
March 14, 2023Nokian Tyres says sale of its Russia business could come at lower price
December 19, 2022Nokian Tyres replaces some Russian production with China subcontractor
November 01, 2022Nokian Tyres plan new factory in Romania following Russian exit
October 28, 2022Finnish Nokian found a buyer for its business in Russia
August 02, 2022Nokian Tyres aims for Q3 decision on new plant to replace Russia production
June 28, 2022Nokian Tyres’ update on the war in Ukraine
June 28, 2022Nokian Tyres plc initiates a controlled exit from Russia
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