Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedNokian Tyres
Nokian Tyres
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 or liquidated local entity(ies)
Exited Exit CompletedTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
1270
Finnish Nokian found a buyer for its business in Russia. Tatneft gains Russian government’s approval to buy Nokian Tyres operations. Nokian Tires will suspend tire production at its plant in Finland.
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.
July 02, 2024 | After leaving Russia, Nokian produced its first tire in... Romania |
May 22, 2024 | Nokian Tires will suspend tire production at its plant in Finland. |
October 04, 2023 | Interview: head of the Ikon Tires tire plant Andrey Pantyukhov about life without Nokian |
July 21, 2023 | Nokian Tyres profit tumbles amid Russian exit - Reuters |
July 05, 2023 | The Russia-Ukraine War Changed This Finland Company Forever - The New York Times |
June 01, 2023 | Remaining Western firms face tricky Russian exits |
April 25, 2023 | Nokian Tyres targets return to growth after Russia exit |
March 21, 2023 | Nokian Tyres on Track to Complete Sale of its Russia Manufacturing Plant |
March 14, 2023 | Tatneft gains Russian government’s approval to buy Nokian Tyres operations |
March 14, 2023 | The government allowed Tatneft to buy the enterprises of the Finnish tire manufacturer Nokian Tires |
March 14, 2023 | Nokian Tyres says sale of its Russia business could come at lower price |
December 19, 2022 | Nokian Tyres replaces some Russian production with China subcontractor |
November 01, 2022 | Nokian Tyres plan new factory in Romania following Russian exit |
October 28, 2022 | Finnish Nokian found a buyer for its business in Russia |
August 02, 2022 | Nokian Tyres aims for Q3 decision on new plant to replace Russia production |
June 28, 2022 | Nokian Tyres’ update on the war in Ukraine |
June 28, 2022 | Nokian Tyres plc initiates a controlled exit from Russia |
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