Kordsa Global EndÃ¼striyel Ä°plik ve Kord Bezi Sanayi ve Ticaret A.Åž., a world leader in nylon and polyester yarn, cord fabric and single end cord production has opened a second tire cord fabric and polyester yarn plant in Indonesia with a investment to the tune of $100 million. This second facility in Indonesia is the largest capacity investment for Kordsa Global outside of Turkey.
The investment includes an 18,000 metric-ton-per-year tire cord fabric facility and a 14,000 metric-ton third- and fourth-generation polyester HMLS yarn facility.
Kordsaâ€™s brand new facilities located in Bogor-Citeureup, on the west part of Java Island facilities are going to offer added value to their global, regional and local developing special solutions. The combined operations will employ more than 200 workforce, said Kordsa Global CEO
With increased capacity and competencies, high quality standards and determined workforce who have embraced Kordsa Globalâ€™s core values will continue to smoothly satisfy their customersâ€™ needs.
Kordsa, the worldâ€™s No. 1 nylon 6.6 and polyester industrial fiber and tire cord producer, operates 10 tire cord plants in eight countries, including a nylon yarn plant in Chattanooga, Tenn., and a weaving and curing plant in Lauren Hill, S.C. Sales in 2013 exceeded $650 million.
According to Mehmet Pekarun, SBU Industry president of Sabanci Holding and Kordsa chairman, success in Asia is the new definition of global competitiveness. Their customers are demanding the best in quality and the latest in technology in order to realize their global ambitions. Indonesian is rapidly becoming the most competitive market in all aspects.
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