Over the past two years, Kordsa has invested nearly 300 million and has become a company that manufactures advanced material technologies on a global scale. In 2018, we have acquired Fabric Development, Textile Products and Advanced Honeycomb Technologies companies which are among the strategic suppliers of the world’s major brands of commercial aviation sector in composites, with an investment of 100 million dollars.
In 2019, we acquired Axiom Materials, which manufactures high-tech composite materials for next generation transportation vehicles and the aerospace industry and has thus become the key player in the market of high temperature resistant oxide-oxide ceramic composites used in aircraft engines. Kordsa has built a business line worth over USD 150 million annually following the acquisition of four leading companies in the field of aerospace industry operating in the US and has become a supplier to the world’s giants.
We continue our studies in our two R&D center with our expertise in technology development. Being aware of the importance of creating a technological difference to create value-added and sustainable growth through cooperation, together with our stakeholders from both the industry and academia, we take part in efficient and sustainable projects that would reshape the industry standards and meet the future requirements.
TPM integration launched in 2015, is regarded as one of the most essential initiatives under sustainability management because of the positive economic, social, environmental and corporate benefits it generates.
TPM is designed to reach zero-accident target, to resolve quality problems and to identify root causes of reoccurring failures and develop stable solutions to eliminate them. It started at Kordsa Turkey facilities under the guidance of Tire Cord Fabric Production and Lean Management Department and turned to be a habit of doing business for all employees.
With TPM, we aimed to improve our staff’s skills and competencies in monitoring, analyzing and taking timely action regarding their responsibilities; elevate the level of employee engagement at the factory in order to reach zero-failure target that will boost efficiency, and thus sustain customer satisfaction.
At each site we implement TPM, we invest in services with a value of USD 70-130 thousand annually ranging according to the size of the facility, including methods trainings and consultancy.
Our TPM integration targets, which are reflected to our individual targets cascaded towards supervisor level and in parallel to our performance targets coming from our strategic plans, create positive impacts in reaching our corporate goals.
Results and Gains
Economic: We work on preventing labor and machine loss, reducing costs due to high production based on increase in machine efficiency and increasing employee productivity as a result of effective use of labor time.
Social: We improved personal skills and competencies. The positive working environment created by zero- accident and zero quality defect targets, supported our company to be a preferred place to work and to increase communication among employees. As a result, similar perceptions strengthened team spirit and enhanced sharing and owning responsibilities among employees.
Environmental: We continue to manage waste effectively, increased perception of employees on waste, increased environmental sensitivity due to motivation created by contributing to environmental protection.
Corporate: Perceiving and owning corporate goals at the operator level contributed to a stronger corporate image and corporate culture.