Nokian Tires started looking for a buyer for a plant in the Leningrad Region
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Tire manufacturer Nokian Tires put up for sale its plant in Vsevolozhsk, Leningrad region. About it informs Kommersant, citing sources.
According to sources, until the beginning of September, the company collects binding offers for the purchase of the enterprise, the main asset of the Finnish company. Exports accounted for 60% of the plant’s output. The interlocutors of the newspaper claim that several investors, including oil companies and profile players, apply for the enterprise.
In particular, we are talking about the structures associated with Tatneft, as well as the owner of AEON Roman Trotsenko. Prior to the imposition of sanctions against Tatneft tire enterprises, the oil company produced tires under the Kama Tires brand. Later, she sold the business to Tatneftekhiminvest-holding.
It is clarified that Trotsenko has nothing to do with tire production, but has been interested in chemical assets for several years. So, in 2019, he became the owner of the Volgograd Khimprom plant, and in 2020 he bought the Tatarstan Ammonium. In Tatneft, the newspaper stated that they “do not comment on rumors,” Trotsenko did not respond to a request.
In the Russian office, Nokian was urged to focus on recent statements that the company is considering various options for leaving the Russian Federation. Other data has not yet been agreed and confirmed, the company said.
Against the backdrop of a special operation in Ukraine in April, the European Union adopted the fifth package of sanctions against Russia, which includes a ban on the import of tires into the EU. The head of the Nokian concern in the Russian Federation, Andrey Pantyukhov, said that the restrictive measures made it “impossible to continue working as part of the concern.”
From January to June, 73% of all Nokian passenger car tire production was produced in Russia, and in 2021, Russia accounted for 20% of brand sales and 80% of output. The company estimated the loss of assets due to sanctions in the second quarter at about €300 million. Now the tire manufacturer is increasing production at sites in Finland and the United States.
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