Nokian Tires broke ground on its $360 million manufacturing facility in Dayton, Tennessee. Nokian Tires CEO Hille Korhonen, is joined by Tennessee Governor Bill Haslam as well as other state and local dignitaries, to celebrate Rhea County’s largest foreign direct investment to date.
“Nokian Tires’ $360 million investment in the Dayton facility is another direct measure of our ‘Investing in North America’ strategy and reflects our commitment to our customers and the growing consumer demand for our products in North America,” said Hille Korhonen, CEO, Nokian Tires. “With increased plant capacity we will be able to add new North American specific products, reduce delivery times and strengthen our overall ability to serve our customers throughout the US and Canada.”
“We have worked hard to create the best possible environment for job creation, which helped attract Nokian Tires to Tennessee,” Gov. Bill Haslam said. “It’s exciting to officially break ground today on the company’s new manufacturing facility in Dayton that will create hundreds of jobs for Rhea County. We appreciate Nokian Tires for investing in our state.”
During the ceremony, Korhonen reaffirmed the company’s ambition to doubling sales in the next five years within North America. She also highlighted Nokian Tires’ goal to lead the tyre industry in sustainable manufacturing as well as making sure the company is the employer of choice within the greater communities it serves.
In addition to the ground breaking ceremony, Korhonen will be meeting with Nokian Tires’ customers, hosting a reception for the local community, as well as speaking with students from Rhea County High School to share her experiences and talk about continuous learning. Korhonen was appointed CEO and president of Nokian Tires by colleagues on the tire maker’s board of directors, serving in this role since June 1, 2017.
More about the Dayton manufacturing facility
With production launching in 2020, the new plant will service customers across the United States and Canada, concentrating on the production of North American-specific car and light truck all-season tires. The Tennessee location will increase production and warehouse capacity, allowing Nokian Tires to meet the increasing demand throughout North America.
The new plant will be capable of producing four million tires annually with the room for expansion to meet future demand. The site will also house a distribution facility with a storage capacity of 600,000 tires.
The plant will create up to 400 new jobs in Rhea County, Tennessee, with about half of the total investment flowing into the local economy.