March 9, 2020 / 12:57 PM / a month ago

Tyre maker Nokian completes U.S. factory investment

HELSINKI, March 9 (Reuters) - Finnish tyre maker Nokian Tyres has begun producing tyres for commercial sale at its new U.S. factory in Dayton, Tennessee, the company said on Monday.

The $360 million investment was announced in 2017 by Nokian which previously had a large plant in Russia and a smaller one in Finland.

Last year, Nokian said it aimed to double its sales in North America within five years, from 194.5 million euros ($217 million) and a little over 12% of its total sales in 2018.

Reporting by Anne Kauranen, editing by Louise Heavens

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