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Investments and acquisitions

Investments in 2019 amounted to EUR 299.6 million (226.5). This comprises the construction of the new US factory, the testing center in Spain, production investments in the Russian and Finnish factories, molds for new products, and ICT and process development projects. All strategic projects are proceeding in line with the plan. Depreciations totaled EUR 125.2 million (93.4). The increase is mainly due to the new IFRS 16 standard.

Investments in 2018 amounted to EUR 226.5 million (134.9). This comprises the construction of the new US factory, production investments in the Russian and Finnish factories, molds for new products, and ICT and process development projects. Depreciations totaled EUR 93.4 million (98.3).

In 2018, the construction of the new US factory progressed in line with plan. Equipment installations started in all building areas. The commercial production is expected to commence in early 2020.

As of August 1, 2019 Nokian Heavy Tyres Ltd Acquired a Finnish Heavy Equipment Wheel Company Levypyörä Oy. Read more