Michelin Explains Current Situation in Ukraine

Michelin has released a statement in support of the victims of the ongoing Russian-Ukraine conflict, adding that the manufacturer is "Doing everything possible to support affected employees and also support local initiatives to provide humanitarian aid to refugees”.

Evolving Situation Prompts Michelin to Analyse the Situation Step-by-Step

Michelin adds that it is currently analysing in real-time the sanctions that the international community is implementing and is complying with those in effect. The Michelin Group is now facing major logistical and transportation issues in supplying its plants and delivering to customers due to the conflict.

To optimise operations and adapt flow management, the Group has decided to stop production at some of its European plants for a few days in the coming weeks. Each site will decide on a specific duration and implementation. Finally, Michelin will strive to limit the impact of its service on its customers while implementing appropriate measures for employees and following local regulations.