Severgroup expands tire footprint with Cordiant acquisition

Severgroup, the industrial holding led by billionaire Alexey Mordashov, confirmed through a report relayed by the state news agency that it has acquired Cordiant, one of Russia’s largest tire manufacturers. The move marks a strategic expansion for Severgroup in the automotive components sector and adds Cordiant’s production capabilities and product line to its steadily growing portfolio. Cordiant operates a network of factories across multiple regions, and the acquisition broadens Severgroup’s footprint in the domestic tire market while enhancing its access to a diversified set of brands and technologies. This development reflects Severgroup’s ongoing effort to strengthen its manufacturing footprint and supply capabilities within Russia’s industrial landscape.