German tire manufacturer Continental plans exit from the Russian market
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German tire and automotive electronics manufacturer Continental AG is planning to close its Russian business, said Nikolai Setzer, CEO of the company. Exactly one year ago the company informedwhich suspends activities in the country.
According to the company’s CEO, 2022 presented many challenges for the company due to rising prices for raw materials, energy and logistics. However, Nikolay Setzer called the military conflict in Ukraine the main reason why the company leaves Russia.
The news is being added.
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