But it will not be possible to quickly start production.
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The plant of the French company Michelin, located in Davydovo near Moscow, will find a new owner. Acquires the asset of Power International Tires LLC, which is a distributor of this and other tire brands.
A potential buyer has been supplying tires from the Chinese brand Hifly since 2022. Analysts believe that Power International Tires will be able to expand partnerships with Chinese companies through the purchase of a tire plant near Moscow. At the same time, they note that at best it will be possible to resume production only after a few months.
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*This material was created by a person who has the status of a foreign agent in the Russian Federation.
Michelin is the first foreign tire company to localize production in Russia (in 2004). The plant’s capacity is about 2 million tires per year. The site in the Moscow region has been idle since the spring of 2022.
Source: Kommersant
Photo: ITAR-TASS / Yuri Mashkov
