Kordsa inaugurated its additional polyester line in Turkey with an investment of $18 mn in order to meet the increasing demand in the field. Kordsa, providing reinforcement technologies to the global market, had announced a polyester yarn investment in both Indonesia and Turkey which would enable 7,000 tonne of additional capacity in each plant in 2016. Now, Kordsa’s $18 mn worth investment in İzmit became operational. With this new line, equipped with the latest technology, a new generation of polyester yarn products with higher resiliency and better dimensional stability will be produced in addition to the standard HMLS polyester yarn.
Kordsa Chairman Cenk Alper, wishing the line to be beneficial for Kordsa and the Sabancı Group, underlined that Kordsa’s innovation strength is an inspiration for Sabancı Group. “When we started our journey in 1973, we had big dreams and big goals. Initially we had been a cord fabric producer in Izmit, and today, thanks to our innovative technologies and our open innovation approach, we have become a global company which exports technology to the whole world and sets its eyes on space<” he said.
“We support our growth with investments in our main business line in Turkey. With these investments, and our expansion from tire reinforcement to composites technologies, we continue to invest and produce in an effort to be the driving force of the Turkish economy. Each passing day, we strive to reinforce a wider area and build a more reinforced future.”
Kordsa CEO Ali Çalışkan emphasised that Kordsa is taking firm steps towards building a second Kordsa with the strategic investments in three business lines. “As the reinforcer of every one out of three automobile tires and every two out of three aircraft tires, we touch every corner of life thanks to our recent investments,” he explained. “Today, with our current capabilities, we are able to reinforce the wings, hulls, motors, and interior of the aircrafts, as well as their landing tracks. Our latest investments enabled us to strengthen our position among the largest polyester yarn producer and provided us another leadership in polyester yarn. We sustain our global leadership with our open innovation mindset and innovations that create added value and shape the industries we are in.”