Nokian Renkaat
Nokian Tyres plc Stock Exchange Release 23 September 2013, 11.00 a.m.

Nokian Renkaat 

23.09.2013 10:00

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Nokia, Finland, 2013-09-23 10:00 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc
Stock Exchange Release 23 September 2013, 11.00 a.m. 

Nokian Tyres will integrate its Heavy Tyres and Truck Tyres business units into
new Commercial Tyres business unit 

Nokian Tyres will integrate Heavy Tyres and Truck Tyres profit centers and form
a new Commercial Tyres profit centre as of 1st January 2014. The combined Net
sales of the two profit centres were approximately EUR 150 million in 2012 and
they employ about 280 people in Nokia, Finland. The integration of the profit
centres is not expected to have any immediate impact on personnel. 

- The integration of two small business units' resources, operations and
management gives us a better chance to develop operations and improve sales. In
addition, the synergies of the integration improve profitability clearly, says
Kim Gran, the President and CEO of Nokian Tyres. 

Pontus Stenberg, the current Director of Nokian Truck Tyres, will be the
Director of the new profit centre. For the transition period, Pontus Stenberg
has been appointed also as Director of Heavy Tyres as of 1st October 2013. 

The current Director of Heavy Tyres, Mr Jarmo Puputti, is joining another
company as from 1st November 2013. 


Nokian Tyres plc


Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com
News Source: NASDAQ OMX



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Language:     English
Company:      Nokian Renkaat
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009005318
WKN:          
 
End of Announcement                             DGAP News-Service
 
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