Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Michelin is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedMichelin announced its intention to transfer its activities in Russia to local management by the end of 2022. Despite exit, Michelin tires were identified on Russian military vehicles and brand new Citroen C5 Aircross rolling off the assembly line in Kaluga in Russia is coming with Michelin tires.
Halting production at some plants/reviews. Suspended all operations in Russia. The deal for the sale of Michelin's Russian assets is close to completion, the buyer is the distributor of tires of this and other brands Power International Tires LLC. French tyre maker Michelin said on Friday 26.05.2023 it was selling its activities Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tire distributor in the country. The agreement, approved by local authorities, will save 250 jobs, mainly based in Davydovo, the group said in a statement. 06.2023: "POWER INTERNATIONAL TIRES" LLC becomes the new founder of the organization. The record about the founder of COMPANY FINANCIAL MICHELIN has been deleted. Products from the French tire manufacturer Michelin find their way to Russia despite EU sanctions.