S8 Capital, the new owner of the Bridgestone plant in Ulyanovsk, intends to restart production by the end of 2024. This was announced at a meeting between the Governor of the Ulyanovsk Region, Alexei Russkikh, and the company's management.
Currently, S8 Capital is busy searching for suppliers of raw materials for tires and manufacturing tooling, as the tread pattern will be stamped with a new one. It is expected that the plant will soon undergo rebranding and start commissioning work on the equipment.
Sergey Vasin, Deputy Chairman of the Government of the Ulyanovsk Region, explained that S8 Capital will retain the legal entity but make it a branch of another enterprise. Employees will remain in their positions and have been promised the same salary as at Bridgestone.
Before the Japanese tire manufacturer left Russia, the Ulyanovsk enterprise produced 2.4 million tires per year. The new owner has not yet announced plans for the volume of production.
Now on home
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