Message from the Chairman
Kordsa, a subsidiary of Sabancı Holding, is leading global reinforcement market with its tire reinforcement and composite technologies. Its value-added technologies in a wide range; geographically and technologically, give the company a sustainable growth opportunity. We are working on more efficient and sustainable technologies that would create a difference in the industry and redefine industry standards with the products carried out from our R&D Centers.
Looking at the current status of digital transformation in two areas close to Kordsa’s heart, namely, automotive and transportation, we see smart cities and mobility emerging as the two most current topics. We are looking to develop reinforcement technologies that could make mobility more sustainable. For efficient and sustainable mobility, vehicles must be lighter. In tire reinforcement technologies, we produce reinforcement materials that reduce the rolling resistance of tires, thus reducing fuel consumption. And in composite technologies, we aim to reduce fuel consumption by making vehicles lighter.
While we are getting ready to transform the tire industry with the technologies we develop, we are also working to reinforce our presence as well as other areas in the aviation industry with our composite technologies. We aim to create a second Kordsa globally with our investments in the composite field. As we continue our organic growth with our investments into R&D and technology in composite, we are also looking into opportunities for inorganic growth in the global arena. We took the first steps of this journey with the new composite companies we acquired in the US. We are getting ready to add to our success stories with this new investment, which will position us as a leading player in aerospace industry.
We believe that what will bring us further ahead in this digital era is not working alone, but in collaboration. We offer game-changing novelties with our “open innovation” approach. We develop innovative and sustainable technologies thanks to our collaborative R&D efforts and partnerships in technology and product development with universities, international companies and institutions.
The most significant example of our cooperation with universities is Composite Technologies Excellence Center we established jointly with the Sabancı University in 2016. The Center is a first in Turkey with its university-industry cooperation model. It is also one of the few test centers in the world, and one of the few manufacturers across Europe. Today, we develop composite technologies for a wide range of industries from aviation to automotive at the Composite Technologies Excellence Center, which serves as a technology hub.
I would like to thank all stakeholders who believe in Kordsa’s exciting adventure, to all Kordsa reinforcers who vie with the speed of technology, to our business partners, customers and shareholders. I am fully confident that in the coming period, with technology and innovation in our focus, we will realize many successful and valuable projects thanks to their support.