Mazda Motor Corporation plans to leave Russia due to supply issuesCredit: EvrenKalinbacak/Shutterstock.com
Mazda Motor Corporation is negotiating a complete shutdown of operations in Russia due to supply issues, as reported on Wednesday, September 28.
Japan’s Mazda Motor Corporation plans to pull out of Russia completely due to supply issues, according to the state-affiliated Russian news agency. CASS.
“We are in the process of conducting consultations on withdrawal from Russia with our partner, Sollers, and other interested organizations,” a Mazda Motor spokesman said.
“That’s an apt description of the current state of our operations in Russia.”
“Since the spring, parts and units have not been arriving at our plant, and production there has been halted since April because of this. Prospects for resuming production have not been determined.
“Therefore, it was concluded that it is now difficult to conduct production in Russia,” the press officer said.
Mazda Motor saw Russia as one of its most important markets, and in 2012 began producing its cars in Vladivostok under a joint venture with Sollers.
The company assembled the CX-5 and CX-9 crossovers and the Mazda 6 sedan. However, the supply chain of necessary parts and assemblies was interrupted due to sanctions against Russia.
Danish toy company LEGO previously ended its business operations in Russia, as reported on Tuesday, July 11.
Additionally, huge queues were reported at H&M in Moscow’s Metropolis mall, ahead of the company’s final exit from Russia, as reported on Tuesday, August 2.