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Cordiant tires producer eyeing acquisition of new assets

The tire cluster of Cordiant comprises sites in Omsk, Yaroslavl, Kaluga, and Ulyanovsk

KALUGA, April 10. /TASS/. Cordiant is considering an opportunity of purchasing new assets in the Russian market, the company’s press service told reporters.

"The holding is eyeing different assets presented in the market for the purpose of acquisition. However, we do not comment on any transactions before their closing for the confidentiality reason," the press service said.

The tire cluster of Cordiant comprises sites in Omsk, Yaroslavl, Kaluga, and Ulyanovsk, with the total annual capacity up to 15 mln units.