Message from the CEO
We continue to be among the leading companies of Turkish economy while developing and exporting technology to increase our footprint worldwide. Today, we operate in a wide geography from America to Asia Pacific with our mission to reinforce life.
We are passionate about developing new technologies that transform the industry and lead new business models. We work with an open innovation mindset that speeds up the innovation process. We export value-added, innovative and sustainable reinforcement technologies that reshapes our industries globally. Our two R&D centers serve as a technology hub with our ever-growing patent portfolio. Our R&D center in Izmit focuses on tire and construction reinforcement technologies while the one in the Composite Technologies Center of Excellence focuses on composite technologies.
In tire reinforcement technologies, we produce reinforcement materials that reduce the rolling resistance; thus reducing fuel consumption. We have been positioned as a strategic technology partner of the largest tire manufacturers for many years. Today, we reinforce 1 of every 3 automobile tires and 2 of every 3 aircraft tires globally.
We develop “smart” and “eco-friendly” products in construction reinforcement technologies. Our synthetic fiber reinforcements, which are characterized by their ease of use and fast applicability, provide energy efficiency, long-term durability and low carbon emission. Synthetic fiber reinforcements are preferred in infrastructure and superstructure projects with its ease of use and performance advantages.
In composite technologies, after the automotive industry, we are on the way to become a strategic player in the aerospace industry. We develop visual and structural parts for the automotive and aerospace industries in Composite Technologies Center of Excellence, which leads the university and industry cooperation. We have developed a revolutionary resin technology that reduces the curing time to 3 minutes, thus increasing the production speed and efficiency in the automotive industry. We also work on the development of systems, software and materials for the production of composite materials with 3D printing technology.
In order to continue our sustainable growth in the composite technologies market, we continue our investments without slowing down. We acquired Fabric Development Inc. and Textile Products Inc., which are among the strategic suppliers of Boeing and Toray Composites Materials America Inc., with an investment of USD 100 million in 2018. We also completed the acquisition of Advanced Honeycomb Technologies, an American based company providing advanced composite materials for the aerospace industry. With these investments, we reinforced our position among the leading players in the aerospace industry in the field of composite technologies. Following these growth moves, in order to leave behind long approval processes in aircraft parts and space vehicles, we have signed a definitive agreement to acquire Axiom Materials. In a continuous effort to create a second Kordsa in composite technologies, we continue to support our organic growth with inorganic growth opportunities.
With Kordsa's value-added and innovative reinforcement technologies, we will continue to create sustainable value for our customers, employees, shareholders and the society in which we operate.