For the second quarter of 2015, Kordsa Global has had a 11.4 per cent increase in total sales compared to the previous quarter. Kordsa is an industrial yarn and cord fabric producer. Sales are expected to increase in the range of 10 to 20 per cent and EBITDA 25 to 35 per cent.

Despite the vulnerable course in money markets, Kordsa Global, which makes 77 per cent of its sales in dollars and 23 per cent in euro, benefited from the situation and performed better than it had targeted. The company has invested in a composite technology center, which will become operational in 2016. This investment will lend it the capacity to produce advanced composite material technologies that transform many sectors from aviation to automotives.

With its strong technical infrastructure, long-term customer relations, and balanced portfolio in various geographies owing to its global structure, Kordsa Global is reaping the fruits of the wealth of experience it has accumulated in 42 years. Kordsa has reinforced its presence in the Asian market with a plant in Indonesia that was commissioned at the beginning of 2015. With its new-generation yarn production capability, it’s planning to make full use of this additional 18 kiloton capacity gradually in three years.

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