In order to respond to the increasing demand for polyester yarn, Kordsa made an additional 100 million investment in Turkey for a polyester yarn line in 2016 of which they now held the opening ceremony.
Providing reinforcement technologies to the global market, Sabancı Holding subsidiary Kordsa had decided, in 2016, to make an investment that would enable 7,000 tons of additional capacity in both of their plants in Indonesia and Turkey.
Kordsa started the preliminary works rapidly and laid the foundation in 2017, and commissioned the additional polyester yarn line in İzmit factory in May 2019 with an investment of TL 100 million. 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’s innovation strength inspires
Kordsa Chairman of the Board of Directors Cenk Alper wished that the line, which has been under construction for two years, would be beneficial for Kordsa and Sabancı Group in his opening ceremony speech. Alper said that Kordsa’s innovation strength is a source of inspiration for Sabancı Group and continued as follows;
“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. 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 makes strategic investments
Kordsa CEO Ali Çalışkan emphasised in his speech that Kordsa is taking firm steps towards their; building a second Kordsa goal with the strategic investments in their three business lines. Çalışkan; “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. 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”.