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    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

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Nokian Renkaat Oyj : Tyres Officially Expands to 24/7 Production at Dayton Factory, Earns ISO 14001 Certification

07/22/2021 | 03:28am EDT
Thu July 22 10:20 am 2021 in category Articles Nokian Tyres Officially Expands to 24/7 Production at Dayton Factory, Earns ISO 14001 Certification

Nokian Tyres has added a fourth production shift at its North American factory in Dayton, Tennessee, and is now producing tires around the clock at the state-of-the-art facility it opened in 2019.

The production milestone coincides with another major achievement at the Dayton Factory: ISO 14001 certification, which validates Nokian Tyres' strict environmental standards at the facility.

'ISO 14001 certification is another testament to the fact that we are one of the most sustainable tire manufacturers in the world,' said Dayton Factory Environmental, Health and Safety Manager Darren Bakkestuen. 'It's pretty rare that we got through the assessment without any major findings.'

The Dayton Factory's production building holds LEED v4 Silver certification, the only tire production facility in the world to achieve that mark, and its solar-powered administration building is LEED v4 Gold. Earlier this month, Nokian Tyres won the Tennessee Governor's Environmental Stewardship Award for Sustainable Performance for its environmental efforts in Dayton.

Nokian Tyres began producing tires 24/7 at its Southeast Tennessee campus on July 12. The global tiremaker has hired nearly 150 team members since the start of 2021 and added a third production shift in mid-May. The creation of a fourth shift is in line with Nokian Tyres' long-term ramp-up plans at the factory, where it plans to make as many as four million tires annually and employ up to 400 workers once the facility reaches full capacity.

'Adding third and fourth production shifts allows us to keep pace with production goals that will help us grow our presence in North America,' said Dayton Factory Operations Director David Korda. 'We're pleased with the quantity and quality of workers we've added this year, and we're eager to help them thrive as our company grows.'

Nokian Tyres started production at the Dayton Factory in January 2020 to serve rising demand for its products in the North American market. It crafts all-season and all-weather tires at the facility in line with its core values of safety and sustainability. All three of Nokian Tyres' global factories hold ISO 14001 certification.

Nokian Tyres aims to use the factory to reduce delivery lead times to North American customers and build tires tailored to the needs of drivers in the region, such as the Nokian Tyres One, an all-season passenger tire it launched in North America in January.

For more information: Wes Boling, Marketing Communications Manager, wes.boling@nokiantyres.com

Disclaimer

Nokian Tyres plc published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 07:27:05 UTC.


ę Publicnow 2021
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Sales 2021 1 574 M 1 845 M 1 845 M
Net income 2021 216 M 254 M 254 M
Net cash 2021 12,9 M 15,1 M 15,1 M
P/E ratio 2021 19,9x
Yield 2021 4,36%
Capitalization 4 310 M 5 059 M 5 052 M
EV / Sales 2021 2,73x
EV / Sales 2022 2,54x
Nbr of Employees 4 822
Free-Float 89,8%
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Jukka Matias Moisio President & Chief Executive Officer
Teemu Johannes Kangas-Kńrki Chief Financial Officer
Jukka Hienonen Chairman
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
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