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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia (176 Views)
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Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 6:09pm On Mar 15, 2022 |
Michelin is one of the biggest tire manufacturers in the world. The French company has been running a factory situated in Davydovo, near Moscow, for almost 18 years now. It has 750 employees that work to achieve an annual production number of over two million tires. Most of these products end up on the Russian internal market, while small numbers have been sent regularly to some Scandinavian countries. As of today, Michelin is suspending its activities in Russia entirely. The plant will be closed and the employees will be sent home. There’s no indication regarding their payment, but as this is not a complete and final closure, we can safely assume the payroll will still be made on time. After all, Michelin is a global player in the car industry and it can’t risk the sake of its employees because politics got in the way. What it can do is join others in sending a strong signal to decision makers. Russia' first female Metro drivers Michelin will also stop exports to Russia, according to a statement cited by Reuters. No products of the French company will reach the belligerent country from now until the decision to act otherwise will be taken. According to Michelin’s own assessment, the tire manufacturer’s business in Russia amounts to almost 2% of the group’s total and just 1% of the global production of its ring-shaped components. Michelin joins hundreds of other companies that have left or suspended their operations in the country that attacked Ukraine. Apart from Stellantis and Renault's Avtovaz that blamed only supply issues, major carmakers have already closed their businesses for the moment, because of the war. We’ll see when and if things start to turn around. For now, an important share of the private sector is taking a moral stance on what’s happening in Eastern Europe. https://www.autoevolution.com/news/michelin-takes-bibendum-out-of-russia-exports-and-production-are-suspended-for-now-183999.html Mynd44 Lalasticlala Seun
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Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by FERNANDEZISBACK: 6:24pm On Mar 15, 2022 |
Putin and his puppets on here..how is it going? ![]() ![]() Has Putin taken over kyiv or we are still talking about Sunday.?.. ![]() ![]() ![]() |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 6:44pm On Mar 15, 2022 |
Good riddance Transfer their asset to a management company and continue business as usual No time 1 Like |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 7:14pm On Mar 15, 2022 |
Svlla: Continue business as usual with what? Where are the raw materials they would use? Where is the trading power to utilize since their Ruble is now tissue paper and US has banned everyone from selling dollars to them directly or by proxy. You clearly know nothing about world economics oga. Sit this one out 1 Like |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by baralatie(m): 7:20pm On Mar 15, 2022 |
Igbofam:Hmm 1 Like |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 7:25pm On Mar 15, 2022 |
It is you who doesn't know anything about world economics What is the raw material you're talking of in making Tyre that Russia doesn't have? Is it Rubber or oil? Go and get some education on Tyre construction As regards the trade? This shows you're a novice because tire in Russian is a domestic trade Sit down and get schooled boy, it's not yet time for you to talk in a conference of elders Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 7:36pm On Mar 15, 2022 |
Svlla: You are clearly a novice. Rubber does not make tires. Rubber mixed with carbon black makes tires The major exporters of Rubber dare not export Rubber to Russia. They would rather export to China who happens to be the largest importer of Rubber in the world. Russia is being flushed down the drain by everyone. You need to refund your school fees |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 7:42pm On Mar 15, 2022 |
![]() ![]() ![]() ![]() ![]() ![]() Just when you thought you've seen it all So carbon is what you're worrying your small head about BTW use your phone google to check where Rubber can be gotten from, when you're done come back here and I will educate you more boy ![]() Don't worry too much, you don't have to pay. It's my own little way of rendering community service to the educationally less privileged ![]() Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 7:49pm On Mar 15, 2022 |
Svlla: Use your own phone and Google the top importers and exporters of Rubber and then give yourself a knock on the head |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 7:57pm On Mar 15, 2022 |
Fo.oli sh But like I said I will continue to voluntarily school you Now tell me what does being the top importer and/or exporter of Rubber has to do with tire production for domestic use? Or better, what does being the top rubber importer or exporter has to do with Michelin tire production in Russia? Or is it the only company producing tire in Russia? When you talk of Rubber, does it end with tire production alone?? There's obviously nothing in your empty skull so I will give you this as a take home assignment. Don't waste my time again Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 8:14pm On Mar 15, 2022 |
Svlla: Dummy I guess you did not read from the OP where it clearly stated that Michelin is one of the biggest tire Manufacturers in the world Onuku. I guess the world has heard about some indigenous Russian tire Manufacturer abi? Abi you haven't heard that they have basically all pulled out of Russia? Just 2 days ago it was Bridgestone that pulled out. Even Pirelli has also pulled out. Oya Indigenous Russian tire manufactures over to you according to Onuku Svlla |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 8:42pm On Mar 15, 2022 |
You see why you don't have sense Who mentioned indigenous here First you said Rubber, now you're calling out indigenous your brother? ![]() Onuku Igbofam Learn How many tire manufacturers are there in Russia? And yes there are lots of indigenous tire manufacturers in Russia Mr indigenous, learn from me your master and stop making my lessons very torturous And I will say it clearly to you tire manufacture is not rocket science and if those western companies want to leave, they can very well leave, it will be unbecoming of Russia to hold them back, then Russia can very well transfer the management of those companies to ensure both job security, domestic product and reduce capital flight and it will all be legal As of raw materials you mentioned earlier ![]() ![]() ![]() As regard trade, my onuku friend, tire is a domestic thing for Russia and you don't need to have dollar to get a tyre Stop making my lesson torturous my boy Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 8:48pm On Mar 15, 2022 |
Svlla: You be confirmed Ode. Did you not say Russia should transfer their company assets to management? Where will the management come from in the face of aggressive sanctions if not indigenously you Ode. Will they be located on Mars? See you seriously lack working intelligent brain cells so much so you have forgotten what you wrote yourself barely an hour ago. Itibolibi
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Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 8:55pm On Mar 15, 2022 |
![]() ![]() ![]() At this point am done with you Do you even know what management is? ![]() ![]() ![]() Forget it, I can't cope with this... You're irredeemable, an absolute dunce ![]() Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 9:14pm On Mar 15, 2022 |
Svlla: Stop being obtusely dumb. Where will the management come from in the face of aggressive sanctions if not indigenously? Why are you running away with your dumb self na? When caught in their stupidity they run as usual |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 9:22pm On Mar 15, 2022 |
If you don't know what management is then you're a brain dead vegetable and not worth my time Igbofam: |
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 9:24pm On Mar 15, 2022 |
Igbofam: Itibolibo or what kind of igbo are you speaking ![]() ![]() Onuku ![]() |
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