Michelin is selling its activities in Russia to Power International Tires LCC
After suspending its industrial activities in Russia on March 15, 2022, following the start of the conflict in Ukraine, Michelin is today announcing the signing of an agreement to sell its two local companies, Michelin Russia Tyre Manufacturing Company (MRTMC) LCC and Camso CIS LLC, to Power International Tires LLC.This agreement - which follows several months of work and the study of various options- aims to preserve jobs, a principle that has guided the Michelin Group’s thought processes at every stage of this project. Approved by the competent local authorities, it will allow for saving