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Michelin Exits Russia

Michelin Exits Russia
After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in Ukraine, Michelin has announced the signing of an agreement to sell its two local companies.

Michelin is Selling its Activities in Russia to Power International Tires

Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC, are being sold to Power International Tires LLCA, a known partner of Michelin. Power International is one of the main tyre distributors in Russia and has a presence throughout the country.

This agreement, which follows several months of work and...

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