Michelin suspends both the tyre export to Russia and the production in Davydovo

Michelin suspends both the tyre export to Russia and the production in Davydovo


 

RusAutoNews.-The French tire manufacturer Michelin has suspended both the tyre supply to Russia and the production at its Davydovo plant in the Moscow Region.

“The Michelin Group is suspending its industrial activity in Russia, as well as its exportations to Russia.

Michelin’s Davydovo plant employs about 750 people and 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.

The Group remains fully mobilized and will continue to adapt its decisions as the situation evolves,stated at the press release of the company.

First present at the beginning of the 20th century, Michelin has been in Russia since 1997 and was the first foreign tire manufacturer to open a plant in 2004. Theh company employs in Russia approximately 1,000 people, including 750 at the Davydovo plant, located about 100 kilometers from Moscow. This site has a production capacity of 1.5 to 2 million tyres per year, mainly for passenger cars. Most of the production is intended for the Russian market and to a lesser extent for certain Northern European countries. Michelin’s sales in the country represent 2% of the Group’s total sales and 1% of its global passenger car tyre production.