Nokian Tyres

Type
Business expansion
Country
Czechia
Region
Česko; Střední Morava; Zlínský kraj
Location of affected unit(s)
Valašské Meziříčí
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
900 jobs
Number of planned job creations
Job creation
Announcement Date
27 June 2006
Employment effect (start)
Foreseen end date

Description

Nokian Tyres, the largest tyre manufacturer in the Nordic countries, intends to build a new plant near the city Valašské Meziříčí with a total investment of 300 million euro. The plant with the production capacity of 8 million tyres a year will generate 900 new jobs. However, this huge foreign investment is under threat because of citizen protests. The final decision should be made by the end of September 2006.

Sources

  • 27 June 2006: Hospodárske noviny

Citation

Eurofound (2006), Nokian Tyres, Business expansion in Czechia, factsheet number 63692, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63692.