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HELSINKI, May 3 (Reuters) - Finland's Nokian Tyres said on Wednesday it had decided to build a new factory in the United States to boost growth outside Europe, while it reported rising quarterly profits on the back of growing sales in Russia.
Nokian, which currently has a large plant in Russia and a smaller one in Finland, said the new greenfield plant with an annual capacity of 4 million tyres will be in Dayton, Tennessee.
The total investment is about $360 million and the construction is scheduled to begin in early 2018.
$1 = 0.9146 euros Reporting by Jussi Rosendahl; Editing by Stephen Coates