Nokian Tyres celebrates Grand Opening
DAYTON, TENNESSEE – October 2, 2019 – Today Nokian Tyres officially opened its new 830,000-square-foot $360 million state-of-the-art manufacturing facility in Dayton, Tennessee.
Lauded as one of the most advanced tire production plants in the world and the company’s largest-ever individual investment, Chief Executive Officer Hille Korhonen said, “It’s a big milestone.” Adding, “It was built on time and on budget.”
The new plant will service customers across the United States by increasing the company’s capacity to produce approximately four million tires per year when the factory reaches full production in 2020. With the capability to produce North American-specific products and reduce delivery times, Nokian has set a goal to double sales by 2023, so “It’s important to have a factory here,” said Korhonen. The site will also house a distribution facility with a storage capacity of approximately 600,000 tires with room for growth and expansion.
The plant that will employ 400 workers when fully operational. Plant Operations Director, Peter Chia said, “this facility will change the landscape of the local community.”
Clayco, along with in-house partners the Lamar Johnson Collaborative and Concrete Strategies aligned early with Nokian Tyres, allowing the international brand to minimize risk and maximize return on their U.S. investment.
“I am extremely proud of the work the Clayco and Nokian team accomplished, and the creative solutions we all developed together,” said Anthony Johnson, President of Clayco’s Industrial Business Unit. “Clayco’s integrated design, engineering, and construction team just delivered one of the most technologically advanced tire manufacturing plants in the world; and this project is a true testament to the successful outcomes that are inevitable with our unrelenting focus on collaboration and technology to solve our customer’s business challenges.”
For more information on this project and to view the job site camera, visit claycorp.com/project/nokian-tyre.
About Nokian Tyres
Nokian Tyres is the world’s northernmost tire manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tires for cars, trucks and special heavy machinery mainly in areas with special challenges on tire performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tire. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 26 countries. In 2017, Nokian Tyres had approximately 4,600 employees and net sales of approximately $2.0 billion USD. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantires.com
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering and construction firm that safely delivers clients across North America the highest quality solutions on time, on budget, and above and beyond expectations. With $2.68 billion in revenue for 2018, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential related building projects. For more information visit www.claycorp.com.