The Japanese tire manufacturer Bridgestone has begun the search for a buyer for its Russian assets. This was announced by the company itself.
As noted, Bridgestone is searching for a local investor. As for the timing of the search and closing of the deal, it is projected to take several months.
It is a reminder that Bridgestone has been working on the Russian market since 1998. Bridgestone has created about 1,000 jobs at its Ulyanovsk factory and Moscow office. The share of Russian business in the company's global revenue structure is less than two percent.
We should also remind you that in March, after the loud start of the conflict in Ukraine, Bridgestone announced that it was freezing new investments in Russia, as well as suspending operations at its plant in Ulyanovsk.