The building work of Tennessee manufacturing facility has begun
Nokian Tyres broke ground on its $360 million manufacturing facility in Dayton, Tennessee marking the start of the building work of their third factory. The new plant will service customers across the United States and Canada, concentrating on the production of North American-specific car and light truck all-season tires. The Tennessee location will increase production and warehouse capacity, allowing Nokian Tyres to meet the increasing demand throughout North America. The new plant will be capable of producing four million tires annually with the room for expansion to meet future demand. The site will also house a distribution facility with a storage capacity of 600,000 tires.
“Nokian Tyres’ $360 million investment in the Dayton facility is another direct measure of our ‘Investing in North America’ strategy and reflects our commitment to our customers and the growing consumer demand for our products in North America,” said Hille Korhonen, CEO, Nokian Tyres. “With increased plant capacity we will be able to add new North American specific products, reduce delivery times and strengthen our overall ability to serve our customers throughout the US and Canada.”
"With increased plant capacity we will be able to add new North American specific products, reduce delivery times and strengthen our overall ability to serve our customers throughout the US and Canada."
The announcement marks another step forward for Finland-based Nokian Tyres in North America, as the manufacturer continues to lay the foundation for growth through investments in its people, products, customers, marketing, and logistics.
First tyres will be produced in the new plant in 2020. Overall, the plant will focus on the increasing range of North American-specific car and light truck tyres. Total manufacturing capacity of 4 million tyres will be taken into use by 2022.
State of the art production
Nokian Tyres’ production plants are located in Finland and Russia. At the headquarters in Nokia, Finland, centralized product development is carried out and prototypes and test runs are completed. The Nokia factory manufactures car tyres, heavy-duty tyres, and retreading materials for truck tyres. The combined production capacity in Nokia and in Russia Vsevolozhsk is more than 20 mill. tyres. Read more about production
Nokian Tyres today broke ground on its $360 million manufacturing facility in Dayton, Tennessee. Nokian Tyres CEO Hille Korhonen, is joined by Tennessee Governor Bill Haslam as well as other state and local dignitaries, to celebrate Rhea County’s largest foreign direct investment to date.
Nokian Tyres’ Board of Directors has made a principal decision to invest in a greenfield factory in the USA
Nokian Tyres’ Board of Directors has made a principal decision on the investment in the third factory and authorized the management of the Company to sign a Letter of Intent with the respective authorities in the USA. The new greenfield factory will be located in Dayton (Rhea County), Tennessee, USA.
Nokian Tyres announces construction of first North American manufacturing facility to be built in Tennessee
Nokian Tyres, the world’s northernmost tire manufacturer, announced it is investing $360 million to build its first North American plant in Rhea County, Tennessee. Nokian Tyres will break ground on the Dayton, TN plant in early 2018 with production launching in 2020.