Large tire companies sell their Russian businesses and leave the market

Nokian Tres sell a Russian plant that produced 80% of all tire concern products. Bridgestone is also looking for buyers in the Russian Federation. Following the world's auto -giants of their Russian assets are also deprived of tire manufacturers. Non -working businesses exhibit sales. In particular, the Finnish company Nokian Tyres announced the sale of its plant in Vsevolozhsk. The buyer will be the Tatnafta concern, which produces Kama and Viatti tires.

The amount of the agreement will be 400 million euros. Nokian Tyres stopped in June after the Finnish tire giant decided to leave the Russian market. The plant was built in 2005 and produced 80% of all Nokian tires (17 million tires per year), with 60% of products exported. In addition, it became known that the buyer for his Russian assets is looking for Bridgestone.

After a careful study of the situation and interests of employees, suppliers and clients, it was decided to give up business in the Russian Federation. The Japanese company believes that it takes several months. Bridgestone in Ulyanovsk has not been operating since March, and all its staff (900 people) are on paid leave. The company has worked since 2016 and also exported tires. We will remind, earlier their factories in the Russian Federation sold Nissan, as well as Mercedes-Benz and Ford.