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BUSINESS BRIEFS

Nokian Tyres considers moving plant

FOLLOWING a series of protests against the construction of its new plant in the Czech Republic's Morava region, Finnish company Nokian Tyres is considering moving the plant elsewhere, including Slovakia, the Hospodárske noviny wrote.

"We need to expand production and we are working hard on the project of a plant in Central Europe. But we cannot wait forever. We can build it in Poland or Slovakia just the same," said Kim Gran, director of Nokian Tyres.

Problems arose for the company when Czech environmental groups, as well as the residents of Valašské Meziříčí, which is close to the industrial park in which the new plant would have been situated, sued the Czech Environment Ministry for failing to properly consider the impact of the plant's construction. A suitable location in Slovakia would be the town of Levice.

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