Share on
USD
41.28 UAH ▼0.05%
EUR
43.65 UAH ▼1.91%
GBP
52.33 UAH ▼2.16%
PLN
10.11 UAH ▼1.84%
CZK
1.73 UAH ▼2.17%
Back in April, Michelin announced the cessation of its activity in Russia. The c...
Other

Russia without tires: French manufacturer Michelin sells its business in the Russian Federation

By Victor Duda
Back in April, Michelin announced the cessation of its activity in Russia. The company stops production in the Russian Federation due to the invasion of the Kremlin into Ukraine. The French manufacturer Michelin will fully sell its business in Russia. Subsidiary companies MRTMC and Camso CIS will receive Power International tyres. This was told on Reuters. The parties have signed an agreement through which 250 jobs will be saved at the Russian Michelin plant in Davidov.

Michelin noted that employees who do not want to stay at the enterprise will be able to leave "on good conditions". In April, Michelin announced the termination of its activity in the Russian Federation. Because of this, the sales volume of the company decreased by 25% following the results of the first quarter of 2023. In 2022, the French manufacturer stated that it stopped production in Russia due to the Kremlin's invasion of Ukraine.

Share the page

Share in Facebook Share in Tweeter Share in Telegram

Video Posts

<p> Epic footage of tank T-80BV 25 VSHB. Our warriors showed how decently and wi...
over a month ago
Ukrainian military storms the positions of the Russians: epic tank battlefield
By Simon Wilson

<p> The doctor provides assistance during the shelling. Stugna Battalion </p>...
over a month ago
The Ukrainian physician provides assistance to the military during the shelling
By Simon Wilson
<p> Ukrainian military in the south destroyed hostile hail and anti -tank rocket...
over a month ago
The Armed Forces in the south destroyed hostile hail and anti -tank rocket complex
By Simon Wilson

All rights reserved IN-Ukraine.info - 2022