name: Nokian Tyres
Nokian Tyres produces tires for cars, trucks, buses and heavy equipment and is headquartered in Nokia, Finland. It is the only tire manufacturer in the world with permanent winter tire testing facilities.
Nokian Tyres focuses on the consumer car and automobile tires, as well as the premium snow tire market. The company does not provide tires for new car production to automakers. The company also produces retreaded materials and tire pressure monitors.
Nokian Tire’s history can be traced back to the groundwood pulp mill established in 1865. In 1932, Finland Rubber Factory Co., Ltd. began to produce automobile tires. Nokia was founded in 1967 by the merger of the three companies. Nokia Tire Co., Ltd. was established in 1988 as a joint venture company independent of the group. Nokia began to focus entirely on mobile communications.
In 2018, Nokian Tyres had revenues of 1.596 billion euros, operating income of 372.4 million euros, net income of 292.5 million euros, total assets of 2.093 billion euros, total equity of 1.486 billion euros, and 4790 employees.
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