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.