Bridgestone CIS

Bridgestone CIS is a subsidiary of the global tire manufacturer Bridgestone. A representative office in Moscow appeared in 1998, and in 2016 the company's own plant was opened in Ulyanovsk.

History

2023: S8 Capital buys Bridgestone assets in Russia

Investment group S8 bought the Bridgestone plant in Ulyanovsk. The deal was officially announced on December 20, 2023, but its financial component was not disclosed.

According to Advance Capital analyst Pavel Terentyev, the value of Bridgestone's Russian assets could amount to 7.5-9.8 billion rubles. The expert called this figure to Kommersant on the basis of market indicators of the largest tire manufacturer in Russia and past transactions on the departure of other brands from the country.

S8 bought Bridgestone plant in Ulyanovsk

The sale of the plant in Ulyanovsk, the sales office in Moscow received all the necessary regulatory approvals. The agreement does not imply the transfer of the right to the Bridgestone brand to the new owner.

We see significant synergy between tire assets, including in relation to R&D, and we plan to develop production and scientific and technological cooperation between the holding's industrial sites, "said Torsten Schubert, managing director of the multidisciplinary holding S8 Capital.

The newspaper's sources call Bridgestone's assets promising due to their modernity, and analysts point to a wide range of products in different segments that were produced by the plant.

The Bridgestone plant in Ulyanovsk is located in the Zavolzhye industrial park and covers an area of ​ ​ 80.6 hectares. Total investments in production amounted to about 12.5 billion rubles. Winter tires produced there were exported to Finland, Sweden and Norway.^[1]

2022

Bridgestone announced a halt in production in Russia in March 2022. In October 2022, Bridgestone announced that it was looking for a buyer for Russian business, and in the report for the third quarter of the same year it indicated an asset depreciation of 13.4 billion yen (about 8 billion rubles). The decision was attributed to "general uncertainty and ongoing supply issues." Then Bridgestone said that the search for a Russian buyer and the conclusion of the transaction would take several months.

Notes