Fabrica Nokian Tyres din România accelerează peste plan

Nokian Tyres' Oradea factory is exceeding production expectations, set to produce over two million tires this year, doubling from last year. CEO Paolo Pompei highlighted the factory's growth, driven by increased sales in Central Europe, as the company recovers market share lost after exiting Russia. The investment phase is concluding, allowing for stronger cash generation, with capital expenditures significantly reduced. Nokian Tyres anticipates continued sales growth and aims for revenues between 1.8 and 2 billion euros by 2029, supported by the Romanian factory's output.