Finland’s Nokian Tyres steps up planning due to Ukraine crisis

HELSINKI (Reuters) – Finland’s Nokian Tyres, which has a plant and a large tyre warehouse in Russia, has intensified planning related to the Ukraine crisis escalation, the company said on Tuesday.

“We prepare for different scenarios as part of our normal risk management work, and now we have intensified the work due to the current geopolitical situation, including availability planning,” Nokian’s spokeswoman Tarja Pennanen told Reuters.

Pennanen said the company was prepared to transfer certain product groups between factories if the situation so required.

(Reporting by Essi Lehto and Anne Kauranen; Editing by Kirsten Donovan)