ERJ staff report (DS)
Omsk, Russia - Sibur-Russian Tyres has re-named the former Matador Omskshina company as Kordiant Vostok, which can be abbreviated to KB in the Russian alphabet and translates as Kordiant-East. The change became legalised on 28 September.
In a Russian-language press release, Dmitry Sokov, S-RT's Deputy Director of Operations said, â€œ"Renaming the company reflects its strategic role of the eastern outpost of" Sibur - Russian Tyres ",
The company was set up in 1995 as a joint venture between Sibur and Czech company Matador AS. When Continental bought the tyre business of Matador in 2007, Matador's 50 percent stake passed to Conti, but Conti withdrew from the venture in June 2011, a few weeks after it announced plans to acquire a site in Kaluga, about 100 miles southwest of Moscow, to build a green-field $320 million, 4 million unit-per-year car and light truck tyre plant.
In 2010 Matador-Omskshina increased production by 23 percent to 2.75 million passenger car tyres annually. Sokov said the increase in capacoty will allow Sibur-Russian Tyres to more effectively meet the growing demand for Kordiant-brand tyres throughout Russia.
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Press release from Sibur Russian Tyres (Russian language)
Above Press release from Russian language