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Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia - Foreign Affairs - Nairaland

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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

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? grin grin
Has Putin taken over kyiv or we are still talking about Sunday.?..
grin grin grin
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:
Good riddance

Transfer their asset to a management company and continue business as usual

No time

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:


Continue business as usual with what? Where are the raw materials they would use? Where is the trading power to utilize? You clearly know nothing about world economics oga. Sit this one out
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:


Continue business as usual with what? Where are the raw materials they would use? Where is the trading power to utilize? You clearly know nothing about world economics oga. Sit this one out
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 7:36pm On Mar 15, 2022
Svlla:
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


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
grin grin grin grin grin grin

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 grin

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 wink


Igbofam:


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 Igbofam: 7:49pm On Mar 15, 2022
Svlla:
grin grin grin grin grin grin

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 grin

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 wink



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:


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 Igbofam: 8:14pm On Mar 15, 2022
Svlla:
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



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? grin

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 grin the joke will forever be on you.....couldn't stop myself from laughing grin grin

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:


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 Igbofam: 8:48pm On Mar 15, 2022
Svlla:
You see why you don't have sense

Who mentioned indigenous here

First you said Rubber, now you're calling out indigenous your brother? grin

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 grin the joke will forever be on you.....couldn't stop myself from laughing grin grin

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


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

Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Svlla: 8:55pm On Mar 15, 2022
grin grin grin

At this point am done with you

Do you even know what management is?

grin grin grin

Forget it, I can't cope with this...
You're irredeemable, an absolute dunce grin

Igbofam:


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
Re: Michelin Pulls Out Of Russia. Suspends All Business And Investments In Russia by Igbofam: 9:14pm On Mar 15, 2022
Svlla:
grin grin grin

At this point am done with you

Do you even know what management is?

grin grin grin

Forget it, I can't cope with this...
You're irredeemable, an absolute dunce grin


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:


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: 9:24pm On Mar 15, 2022
Igbofam:


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

Itibolibo or what kind of igbo are you speaking grin grin

Onuku cheesy

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