NOKIA, Finland—Nokian Tyres P.L.C. said it will integrate its heavy tires and truck tires businesses and form a new commercial tires unit as of Jan. 1.
The combined net sales of the two businesses was roughly $202 million in 2012. The two units employ about 280 people in Nokia, Finland. The tire maker said the integration of the two units 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," said Kim Gran, CEO of Nokian Tires.
Pontus Stenberg, director of Nokian truck tires, will be the director of the new business. For the transition period, Pontus Stenberg also has been appointed as director of heavy tires, as of Oct. 1 2013. The current director of heavy tires, Jarmo Puputti, is leaving the company.