{"id":1938767,"date":"2023-05-26T11:30:25","date_gmt":"2023-05-26T15:30:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-tyre-maker-michelin-sells-its-activities-in-russia\/"},"modified":"2023-05-26T11:33:10","modified_gmt":"2023-05-26T15:33:10","slug":"french-tyre-maker-michelin-sells-its-activities-in-russia","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-tyre-maker-michelin-sells-its-activities-in-russia\/","title":{"rendered":"Michelin sells its operations in Russia."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffrench-tyre-maker-michelin-sells-its-activities-in-russia%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1938767&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>French Tyre Maker Michelin Sells Russian Plants to Power International Tires<\/h2>\n<blockquote>\n<p>By Dina Kartit<\/p>\n<p>(Reuters) \u2013 French tyre maker Michelin announced on Friday that it is selling its Russia Tyre Manufacturing Company (MRTMC) and Camso CIS in Russia to Power International Tires, a tyre distributor in the country.<\/p>\n<\/blockquote>\n<p>The sale price has not been disclosed, but the agreement has been approved by local authorities and will keep 250 jobs, mainly based at Michelin\u2019s sole Russian plant in Davydovo. The plant, located near Moscow, employs 750 people and produces up to 2 million tyres per year, mainly for passenger cars for the Russian and some Northern European markets.<\/p>\n<p>Michelin said it was impossible for every employee to be transferred to Power International Tires, and so those who wished to leave the company would be allowed to do so \u201cunder good conditions\u201d. The French company had been present in Russia since 1997 and became the first international tyre company to open its own production plant there in 2004. It announced last year that it was suspending industrial activity in Russia and exports to the country because of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/back-to-work-joe-biden-emerges-from-five-day-vacation-to-address-omicron-variant-supply-chains\/\" title=\"Back to Work: Joe Biden Emerges from Five-Day Vacation to Address Omicron Variant, Supply Chains\">supply chain difficulties<\/a> following Moscow\u2019s invasion of Ukraine.<\/p>\n<p>Following the announcement, Michelin said that sales in Russia represent 2% of the group\u2019s total and 1% of its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-tyre-maker-michelin-sells-its-activities-in-russia\/\" title=\"Michelin sells its operations in Russia.\">global car tyre production<\/a>. The tyre industry has been hit hard by Western sanctions on Russia, which have cut off supplies of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-may-give-european-automakers-us-tax-credits-for-battery-critical-mineral-production\/\" title=\"Biden May Give European Automakers US Tax Credits for Battery, Critical Mineral Production\">critical raw materials<\/a> and shuttered factories that supply customers outside Russia.<\/p>\n<p><strong>Preventing Veteran Suicide: A Memorial Day Reminder<\/strong><\/p>\n<p>With Memorial Day coming up, there\u2019s no better time to raise awareness and try to help prevent the increasing and tragic issue of veterans committing suicide. One America\u2019s Jessamyn Dodd has this report with Carl DeMaio from Reform California.<\/p>\n<h3>Other News:<\/h3>\n<ul>\n<li>Representative James Comer says he has evidence Joe Biden accepted a bribe and used it to bribe Ukrainian officials.<\/li>\n<li>One America\u2019s Jessamyn Dodd sits down for a one-on-one with New York Time\u2019s best selling author, and former Trump lawyer, Alan Dershowitz, to discuss his new book.<\/li>\n<li>The data protection watchdog for the Netherlands said on Friday it was aware\u2026<\/li>\n<li>France\u2019s Engie and Amazon on Friday cut the ribbon of Italy\u2019s biggest agrivoltaic farm with the aim to supply\u2026<\/li>\n<li>Canadian privacy regulators are launching a joint investigation into ChatGPT-parent OpenAI\u2019s data collection and usage, becoming the latest major government\u2026<\/li>\n<li>The U.S. State Department warned on Thursday that China was capable of launching\u2026<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>French tyre manufacturer Michelin has announced the sale of its Russia Tyre Manufacturing Company and Camso CIS in Russia to Power International Tires, a local tyre distributor. The sale price has not been disclosed and the company has not provided further details.<\/p>\n","protected":false},"author":66,"featured_media":1938768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[27715,7229,4280,9187],"class_list":["post-1938767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-michelin","tag-operations","tag-russia","tag-sells"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938767"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938768"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}