ESSEN, Germany—Nokian Tyres P.L.C. has narrowed its search for a site for its third plant to North America and Eastern Europe, according to Nokian CEO Ari Lehtoranta. He also acknowledged the company is “considering the option of maybe getting into a partnership.”
Commenting on Nokian's production and strategy in Russia, Lehtoranta said that the company was committed to that market and its tire plant there.
With the reduction of capacity at its Nokia, Finland, facility, the factory in Vsevolozhsk, Russia, is now the company's main manufacturing site.