Michelin divests from its remaining Russian operations
After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in the Ukraine, Michelin announced the signature of an agreement with Power International Tires LLC for the purchase of its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LLC and Camso CIS LLC. A known partner of Michelin, Power International Tires is one of the main tire distributors in Russia and has a presence throughout the country.
Read More