Major Investment by Kordsa in the Asia-Pacific Region
Kordsa, has opened its’ second tire cord fabric and polyester yarn facility with an amount of 100m USD investment. Since 2007, operating under the title of IndoKordsa, Kordsa has become the biggest player in the Asia-Pacific region with its new investments
Kordsa has opened its second site in Indonesia, in Bogor-Citeureup located on the west part of Java Island. Kordsa’s 100m USD investment covers an 18 kiloton Tire Cord Fabric facility and a 14 kiloton 3rd and 4th Generation Polyester HMLS yarn facility. There will be over 200 people employed within the two facilities. Guler Sabanci Chairperson of the Board of Directors of Sabancı Holding, Mehmet Pekarun, SBU Industry President of Sabanci Holding and Kordsa Chairman of the Board of Directors, Cenk Alper, Kordsa CEO, Indonesia government officials and local administrators have all participated to the inauguration of the new facility.
Speaking in the opening ceremony Guler Sabanci said: “This occasion has become even more significant because our core commitment of ‘being where our customers are’ has reached a new milestone; this is the true story of Kordsa. For a sustainable and profitable leadership, we closely monitor our existing and potential tire manufacturer customers and want to be present where production growth is stronger. By all means, standing alongside the manufacturer is the key to our success. Kordsa is a global force to be reckoned with, we have 10 manufacturing facilities in 8 countries spread over 5 continents. We are very proud of this.”
Mehmet Pekarun, SBU Industry President of Sabanci Holding and Kordsa Chairman of the Board of Directors said that the second investment in Indonesia is the biggest investment in capacity for Kordsa outside Turkey and this investment has become a new milestone within the last 42 years for Kordsa becoming a leading global player. Mehmet Pekarun also emphasized that this investment is a milestone in the long term growth strategy of Kordsa and said: “Our customers, now, are demanding the best in quality and the latest in technology, in order to realize their global ambitions. I can clearly say that this region is rapidly becoming the most competitive market in all aspects. ‘Success in Asia’ is the new definition of global competitiveness’”.
Cenk Alper, Kordsa CEO, said that the investment made by Kordsa demonstrated the belief that they, as a company, have in the tire industry and with it not only Kordsa, but also their customers would entrench their position in the Asia Pacific region. Mr. Alper also stated that since the company started its investments in the region in 2007, they have brought Kordsa standards to the region and they have created value for their customers with the acumen of perfection in quality, price and service. Cenk Alper added: “With these brand new facilities, we are going to offer added value to our global, regional and local customers by developing special solutions. With our increased capacity and competencies, high quality standards and determined workforce who have embraced Kordsa’s core values, we will continue to smoothly satisfy our customers’ needs.”