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Commission approves €99.5 million Romanian state aid measure to support Nokian Tyres' new zero CO2 emission tyre factory

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The European Commission has approved, under EU state aid rules, a €99.5 million (RON 495.2 million) Romanian measure in favour of Nokian Tyres. The aid will support the establishment of a new zero carbon dioxide emission factory for passenger car tyres in Oradea. The measure will contribute to the EU's strategic objectives relating to job creation, regional development, and to the green transition of the regional economy.

Under the measure, the aid will take the form of a direct grant. The aid amount will be around €99.5 million (RON 495.2m). The investment is estimated to total approximately €650m. The plant is expected to have a capacity of approximately 6 million units per year. The project will create approximately 500 direct jobs, as well as further indirect jobs. The project is also expected to bring sustainability benefits by aiming to be the world's first zero carbon dioxide emission tyre factory.

The factory will be located in Oradea, an area eligible for regional aid under Article 107(3)(a) of the Treaty on the Functioning of the EU (‘TFEU').

Executive Vice President Margrethe Vestager, in charge of competition policy, said: “This €99.5 million measure will enable Romania to support the establishment of a new zero CO2 emission tyre factory in Oradea. The project is expected to be a world first and will contribute to the competitiveness and green transition of this area.”

A press release is available online.

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