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Norway invests 650 million euros in a tire factory in Romania

16 november 2022

In Bulgarian  In Macedonian   In Romanian   In Serbian

 

Finland-based automotive tire manufacturer Norwegian Tire has announced that it will invest around 650 million euros in a new car tire plant in Romania, Balkanengineer.com has learned from Money.bg. The factory is expected to start functioning at the end of 2024.

 

 

The investment of Nokian Tours is one of the largest in the automotive sector in Romania in recent years, which will position the city as the European center for tire production.

 

The plant will produce about 6 million tires annually with the potential to increase production in the future. The object will be located and a distribution base for the expansion and distribution of the production.

 

Construction of the factory is scheduled to begin in early 2023, and the first pipes are expected to be produced in the first half of 2024.

 

Photo source: freepik.com 

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