Autocomponents Market in Russia

Autocomponents Market in Russia

09\08\2010 Nokian Tyres in Russia in Half-Year 1

Russian Automotive Market Research

In the first half-year of 2010, Nokian Tyres Russian sales grew by 71.9 % and amounted to 91.5 mln. Euros (52.7 mln. Euros in the first half-year of 2009). Sales in the CIS countries (Russia excluded) amounted to 9.9 mln. Euros (18.5 mln. Euros in January – June 2009). Consolidated sales in Russia and CIS countries grew by 41.4 %, to 101.4 mln. Euros (71.7 mln. euros in January – June 2009).

In the first half-year of 2010, the global group of companies’ investments amounted to 27.6 mln. Euros. The investments were in development of Nokian Tyres Russian plant, production of press-tools for new products and extension of the VIANOR tyre center network.