Nokian Renkaat slashes Russian JV targets


HELSINKI, April 25 (Reuters) - The Nordic region's largest tyre maker Nokian Renkaat on Friday sharply cut its outlook for sales at its joint venture with Russian Amtel for this year and next, saying targets had become "more realistic". Nokian Renkaat, one of the most profitable tyre makers in the industry due to its high-end winter tyre focus, said Amtel-Nokian Tyres LLC will start operations with a target of selling 600,000 Nordman-branded tyres this year and two million in 2004. The ...

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