Bridgestone Initiates the Process to find a local Buyer for Its Russian Assets


In light of the general uncertainty and the ongoing supply issues in Russia, Bridgestone announces that it has initiated the process to find a local buyer for its Russian assets.

A Solution to Protect the Interests of Employees, Customers and Suppliers

Following the decision in March to suspend all manufacturing activities in Russia, as well as freeze any new investments and suspend all exports to Russia, the company carefully considered a long-term solution in the interest of its employees, customers and suppliers.

Bridgestone has been present in Russia since 1998 and has over 1000 employees in the country mainly in its tyre manufacturing plant in Ulyanovsk and sales and marketing office in Moscow.

Bridgestone Will Continue to Provide its Services 

Since the announcement in March, the company has continued to support its Russian employees by paying their salaries and employee benefits in full. In line with the values promoted by the Bridgestone E8 Commitment and in recognition of its employees’ contribution over the years, the company will continue to provide the same support to its employees.

The process of finding a buyer and closing a deal is expected to take several months to complete.

Bridgestone’s business in Russia represents less than 2% of the company’s global turnover. This announcement will not change the consolidated financial forecast for fiscal year 2022 disclosed in August.

About the author

Richard Wilson is the deputy editor for Commercial Tyre Business. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.


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