Cordiant becomes official name of Sibur-Russian Tyres

ERJ staff report (DS)

Moscow - Sibur's former tyre-making subsidiary has been renamed, JSC Cordiant. The old name of Sibur-Russian Tyres is expected to die. The move follows a management buy-out of the company announced late 2011. The name change became official from 3 April 2012.

The main production sites of the Holding Company are: OAO "Yaroslavl Tyre Plant", Yaroslavl, specialises in the production truck all (SSC), car tyres and aircraft tyres, OAO "Omskshina", Omsk, specialises in the production of truck tyres, JSC "Kordiant - East ", Omsk, specialises in the manufacture of car tyres, OAO" Voltair - Prom ", Volzhsky, specialises in manufacturing agricultural and industrial tyres.

Scientific and technological development is allocated to a separate subsidiary of STC "Intayr." Repair and maintenance services for companies implementing a structural unit of OOO "RC Tehnotayr."

The company employs over 10,000.

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Press release from Sibur Russian Tyres (Russian language)

Above release auto-translated (from Russian language)