Kordsa Global opens new tyre cord plant in Indonesia

Kordsa Global has opened its second site in Indonesia. The company invested US$100 million in the project and the plant, located in Bogor-Citeureup (Java) includes an 18 kiloton tyre cord fabric facility and a 14 kiloton third and fourth-generation polyester HMLS yarn facility. Over 200 people will be employed at the two operations. The site’s official opening was attended by Sabanci Holding chairperson Guler Sabanci, Mehmet Pekarun, SBU industry president of Sabanci Holding and chairman of Kordsa, Cenk Alper, Kordsa Global CEO, officials from Indonesia’s government and local administrators.

Speaking at the 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 Global. For a sustainable and profitable leadership, we closely monitor our existing and potential tyre 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 Global is a global force to be reckoned with; we have ten manufacturing facilities in eight countries spread over five continents. We are very proud of this.”

Mehmet Pekarun shared that this second Kordsa Global investment in Indonesia is the company’s biggest investment in capacity outside Turkey, and he described the investment as a new milestone in Kordsa’s 42 year journey to become a leading global player. Pekarun also emphasised its significance as a milestone in Kordsa Global’s long term growth strategy and said: “Our customers, now, are demanding the best in quality and the latest in technology, in order to realise 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 stated that the investment made by Kordsa Global demonstrated the belief that both the company and its tyre industry customers will entrench their position in the Asia Pacific region. He also related that since the company first invested in the region in 2007, it has brought Kordsa Global standards to the region and created value for its customers with the acumen of perfection in quality, price and service. “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 Global’s core values, we will continue to smoothly satisfy our customers’ needs.”