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Bridgestone suspends operations and exports to Russia

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The tire company announces the suspension of activities starting from March 18: “The safety of our employees and their families is a priority”

Bridgestone joins the long list of companies that have decided to suspend their operations in Russia. Starting from March 18, the tire manufacturer will stop manufacturing activities in Russia and exports destined for them until further notice. Bridgestone has also decided to freeze any new investments in the area, but will continue to support the more than 1,000 employees in the tire manufacturing plant in Ulyanovsk and in the sales offices, confirming its financial support.

bridgestone: the press release

Bridgestone’s decision was announced in a short press release, of which we report the most important features. “In recent weeks, we have been deeply affected by the war in Ukraine and the impact it has had on many innocent people, including our employees and business partners. Bridgestone condemns all forms of violence in the hope that peace can be quickly restored. Our main concern in this context of crisis remains the safety of our employees and their families. Bridgestone has carefully assessed the possible consequences of this difficult situation. The company has therefore decided to suspend all production activities in Russia, until further notice. . The decision will take effect on Friday, March 18, once the necessary preparations have been completed. The company has also decided to freeze any new investments and immediately suspend all exports to Russia. Bridgestone will continue to support the more than 1,000 employees at the plant. passenger tire production plant in Ulyanovsk and in the sales offices, confirming their financial support. As the situation evolves, Bridgestone’s global and regional management will continue to closely monitor the situation and flexibly adapt their plans as needed. The expectation is that manufacturing production outside of Russia will remain stable in the coming weeks. The past two weeks have transformed the world we live in and there are more than two and a half million people who have already fled their homes. Many of our employees have participated in spontaneous volunteer activities to support refugees from Ukraine. Bridgestone Emia made a $ 1 million donation to the Red Cross, while $ 2.5 million was donated by Bridgestone Corporation to the Office of the United Nations High Commissioner for Refugees (UNHCR). The company will continue to consider further initiatives to help alleviate the humanitarian crisis.