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Jun 23

Nokian Tyres Lifts Sales Outlook

COPENHAGEN, June 17 (Reuters) – Finland’s Nokian Tyres on Friday nudged up its sales guidance despite an uncertain operating environment related to Russia, home to its largest production plant.

The company, which used to make 80% of its passenger car tyres in neighbouring Russia, turned from basking in record earnings to survival mode in February when Moscow launched what it calls a “special operation” in Ukraine.

Source: Reuters

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