French group also announces that it is halting exports to the country
Clermont-Ferrand, France – Michelin Group is suspending its industrial activity in Russia, as well as exports to the country following Moscow’s invasion of Ukraine.
In a statement 15 March, the tire maker said it is halting production of tires at its Davydovo plant, which employs 750 people.
The facility manufactures passenger car tires and retreaded truck tires, mainly for the local market.
“In this very difficult and uncertain context, Michelin’s priority is to support all of its employees who are impacted by this crisis, including its Michelin Russia employees,” it stated.
The French group did not provide further details but said it “remains fully mobilised and will continue to adapt its decisions as the situation evolves.”
Earlier this month, Michelin said it was suspending production at some of its European plants “for a few days” due to the impact of the Ukraine war on supply-chains.
“Like many industrial players in Europe, the Michelin Group is also facing major logistical and transportation issues in supplying its plants and delivering to customers,” the group said 3 March.
Michelin also announced that it was analysing “in real time” the sanctions that the international community implemented and is already complying with those in effect.
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