Tire manufacturers leaving Russia ...News

Russia Today - Economy
Tire manufacturers leaving Russia
source : Russia Today ( News ) () 11
Michelin and Nokian Tyres will suspend operations over supply issues French tire manufacturer Michelin announced on Tuesday it has decided to cease its business in Russia and transfer activities to local management. The company cited supply chain problems as the main reason behind the decision. “After suspending its manufacturing activities in Russia on March 15, Michelin now confirms that it is technically impossible to resume production, due in particular to supply issues, amid a context of general uncertainty,” a statement from Michelin reads. “The Group is therefore compelled to plan the transfer of all of its

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