The former Bridgestone plant in Ulyanovsk will begin producing car tires under a new brand. This was reported by S8 Capital holding. transmits “Russian newspaper”.
According to the terms of the agreement, the new owners will not be able to use the company name and the Bridgestone brand, and a brand change will take place in the near future. Representatives of the company said that testing, commissioning and restarting production at the enterprise will begin soon.
Wednesday Bridgestone announced The transaction for the sale of Russian assets to S8 Capital holding has received all necessary regulatory approvals. Approximately 1 thousand Bridgestone employees will go to work for the Russian company. Bridgestone has been present in the Russian market since 1998; The company suspended its production and operations in the Russian Federation in March last year.
In May this year, S8 Capital holding I bought Tire plant of the German Continental company in Kaluga, later a factory renamed In Gislaved. The company also has Russian Cordiant factories in Yaroslavl and Omsk.
Formerly Dongfeng clarified number of new products for Russia in the new year.