On June 28, 2022, the Russian office of French tire manufacturer Michelin officially announced the decision to leave Russia entirely.

“After the cessation of production activities in Russia since March 15, 2022, the Michelin group declares that it is technically not possible to resume them, in particular due to logistical difficulties in the current unstable and uncertain context,” the company said in a statement. . a statement.

It is planned to exit the domestic market by transferring all of Michelin’s Russian manufacturing and commercial assets to “local management”. All operations related to this process should be completed by the end of 2022. After that, the brand will no longer associate anything with Russia, except for the remains of hundreds of thousands of tires that “roll out” on the roads of our country.

According to the French themselves, the “current balance sheet risk” for Michelin due to curtailing activities in the Russian market is about 250 million euros.

At present, the company’s staff in our country is about 1000 people. Of these, 750 work at the Davydovo production site, 100 km from Moscow. There, 1.5 to 2 million passenger tires can be produced annually. The Russian market accounted for 2% of the brand’s worldwide tire sales and 1% of total car tire production.

On June 28, 2022, the Russian office of French tire manufacturer Michelin officially announced the decision to leave Russia entirely.

“After the cessation of production activities in Russia since March 15, 2022, the Michelin group declares that it is technically not possible to resume them, in particular due to logistical difficulties in the current unstable and uncertain context,” the company said in a statement. . a statement.

It is planned to exit the domestic market by transferring all of Michelin’s Russian manufacturing and commercial assets to “local management”. All operations related to this process should be completed by the end of 2022. After that, the brand will no longer associate anything with Russia, except for the remains of hundreds of thousands of tires that “roll out” on the roads of our country.

According to the French themselves, the “current balance sheet risk” for Michelin due to curtailing activities in the Russian market is about 250 million euros.

At present, the company’s staff in our country is about 1000 people. Of these, 750 work at the Davydovo production site, 100 km from Moscow. There, 1.5 to 2 million passenger tires can be produced annually. The Russian market accounted for 2% of the brand’s worldwide tire sales and 1% of total car tire production.