Fleet News

Ukraine war: Bridgestone suspends manufacturing activities in Russia

Bridgestone has temporarily closed its tyre production plant in Russia, as a result of the war in Ukraine.

The company said in a statement: “Over the last weeks, we have been deeply affected by the war in Ukraine and its impact on many innocent people including our own employees and partners. We condemn any form of violence and hope that peace can quickly be re-established. Our primary concern in this crisis, is the safety of our employees and their families.”

Bridgestone’s Ulyanovsk plant employs 1,000 people across its manufacturing and sales operation. Tyre production will be stopped on March 18, until further notice. The company said it will continue to support its employees financially.

As the situation further unfolds, Bridgestone’s global and regional management will continue to closely monitor the situation and flexibly adapt plans when needed. It expects manufacturing output outside Russia to remain stable in the coming weeks.   

Russia hit back at western sanctions for invading Ukraine by imposing export bans on a series of products until the end of 2022.

As well as vehicles, the ban covers the exports of telecoms, medical, agricultural, and electrical equipment, as well as some forestry products such as timber.

Fuel prices have also been affected, with analysts warning of more price hikes ahead, with £3 per litre of diesel a possibility. 


Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee