HELSINKI – Finland’s Nokian Tyres on Monday mentioned it had discovered a subcontractor in China to interchange a few of the misplaced output from Nokian’s now divested Russian operation.
The transfer is a part of Nokian’s technique to outsource some tire manufacturing to Asia whereas the corporate is ramping up its personal manufacturing in Europe and the USA.
“We've began to construct the brand new Nokian Tyres with out manufacturing in Russia, and contract manufacturing is a vital a part of these plans,” the corporate mentioned in an announcement.
Chinese language Qingdao Sentury Tire will begin manufacturing of tires for Nokian’s Central European market within the first half of 2023 with first deliveries anticipated within the second half of subsequent 12 months, it mentioned.
The agency, which used to make 80% of its passenger automotive tyres in Russia, can also be negotiating with different potential subcontractors, it added.
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