Finland’s Nokian Tyres Defends Move to Retain Control of Russian Factory

Finland’s Nokian Tyres Defends Move to Retain Control of Russian Factory
A Nokian tire is on display at a tire assembling center and shop in Moscow, on Aug. 8, 2014. Maxim Shemetov/Reuters
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HELSINKI—Finland’s Nokian Tyres PLC said on Tuesday it would continue production in Russia to retain control of its local factory, at a time when many companies are halting operations in protest at Russia’s invasion of Ukraine.

“By continuing to operate the passenger car tyre factory in Russia we want to make sure that the factory is operated and controlled by Nokian Tyres also in the future,” it said.