#Composites

2022-08-11

Kordsa strengthens its leadership with record growth

Kordsa increased its sales by 47% in the second quarter of 2022 compared to the same period of the previous year and achieved a turnover of 599 million USD (8,8 billion TL) in the first half of the year. During the same period, the company's EBITDA was 92 million USD (1,4 billion TL), and its net profit was 61 million USD (892 million TL).

Kordsa, a leader in tires, construction, and composite reinforcement industries, announces a strong capital structure in the first half of the year. Kordsa continued its sustainable growth in the first six months of 2022 with a turnover of 599 million USD and a net profit of 61 million USD (892 million TL). During the same period, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) was 92 million USD (1,4 billion TL)

By setting an example in the industry through its investment in the composites industry and the technology its developed in Turkey, Kordsa expands its global footprint through the acquisition of the majority shares of Italy based Microtex Composites.

Also, the Company decided to invest a total of 9,8 million USD (176 million TL) to increase its polyester yarn capacity by 7,000 tons at its Izmit, Turkey production facility in order to respond to the increasing demand in the tire reinforcement business line. With this new investment, Kordsa will further reinforce its strong position in producing new generation polyester yarn products. The line is expected to be operating in the third quarter of 2024.

Kordsa CEO Ibrahim Özgür Yildirim, said: "We are proud to be a global leader in our business lines with our 49 years of heritage in the industry. Accordingly, we have successfully proceeded with our plans with record growth and strategic investments in the composites industry in Europe. We have also taken initiatives for new investments to assure further growth. We continue to ‘reinforce life’ with a keen focus on sustainability and innovation."

Kordsa CEO Ibrahim Özgür Yildirim © 2022 Kordsa

Kordsa showcases sustainability and innovation-driven solutions at Tire Technology Expo 2025

Kordsa, a global player in advanced material technologies, participated in Tire Technology Expo 2025, one of the leading trade fairs for the tire industry, held in Hannover, Germany. At the event, Kordsa highlighted its advancements in tire reinforcement technologies while sharing its vision of providing solutions to the global tire industry with the advantage of local production.

Kordsa recognized on CDP 2024 ‘Global A List’ for climate change and water

Kordsa, a subsidiary of Sabanc? Holding, has been recognized on the 2024 Global A List of the Carbon Disclosure Project (CDP), one of the world’s most prestigious environmental reporting platforms, for both Climate Change and Water themes. This marks the first time Kordsa has achieved an A rating in both categories.

Engineering depth and diversity for composites

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Circulose restarts commercial-scale production at Ortviken plant in Sundsvall

Circulose today announced the restart of its commercial-scale production plant at Ortviken in Sundsvall, Sweden, marking a significant step in scaling next-generation materials for the global fashion industry. The company plans to resume production of CIRCULOSE®, a recycled pulp made entirely from discarded cotton textiles, in the fourth quarter of 2026.

VIATT 2026 to debut German Pavilion, strengthening European participation alongside key Asian textile hubs

Vietnam’s textile and garment sector continues to be a major contributor to the country’s economic growth, with export revenues expected to reach USD 46 billion in 2025, a 5.6% increase from 2024 . From 26 – 28 February, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is set to contribute to economic growth opportunities by accelerating digital transformation and green transition across the entire textile value chain. The upcoming edition will respond to the rising demand for advanced technologies and sustainable materials with the introduction of the German Pavilion, alongside strong exhibitor participation from key Asian sectors, as well as several high-profile fringe events.

Sustainable, lightweight, and sound absorbing: Polyester-based front trunk solution for BEVs

As car manufacturers look to further reduce their carbon footprint, Autoneum has developed an innovative front trunk solution for battery electric vehicles (BEVs), made entirely from polyester-based textile. The Ultra-Silent Frunk offers significant weight reduction, improved acoustic and thermal insulation, and uses up to 70 percent recycled material, supporting sustainable and efficient vehicle design. Autoneum, global technology leader in acoustic and thermal management for vehicles, has already received orders for the new frunk from three major OEMs in Asia and Europe to be built in three BEV models. Series production for two BEVs has been underway in China and Germany since last year.