#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.

MEL Composites delivers advanced hull infusion for Técnico Solar Boat’s hydrogen-powered São Gabriel 01

MEL Composites has reinforced its partnership with Técnico Solar Boat through the successful hull infusion of the São Gabriel 01, an 8m long, 2.4m wide, hydrogen-powered hydrofoiling vessel. Designed to compete at the Monaco Energy Boat Challenge in July 2026, the São Gabriel 01 is the team’s most technically demanding project to date and showcases the future of sustainable marine engineering by combining advanced composite manufacturing with clean energy systems.

Sicomin appoints CS Kompozyty as exclusive Distributor for Poland

Sicomin is pleased to announce the appointment of CS Kompozyty as its exclusive distributor for Poland. The partnership will provide Polish composite manufacturers with comprehensive access to Sicomin's broad range of performance epoxy resins, green epoxies, hardeners, and adhesive solutions, supported by local technical expertise and rapid delivery capabilities.

JEC World 2026 reveals the list of finalists for the Innovation Awards

Each year, the JEC Composites Innovation Awards recognize collaborative, innovative, and ambitious projects that illustrate the potential of composite materials. Created in 1998, this benchmark program aims to identify, promote, and reward the most innovative composite solutions worldwide. In 28 years, the JEC Composites Innovation Awards have attracted more than 2,200 participating companies from around the world. A total of 269 companies and 811 associated partners have been recognized for the excellence of their innovations.

Modern testing methods for raw cotton

The 38th International Cotton Conference Bremen will take place from 25 to 27 March 2026 at the Bremen Parliament. This conference has traditionally stood for in-depth expertise and international exchange. The program will focus on technical innovations, market trends, and regulatory frameworks across the entire value chain – from agriculture to the circular economy. With high-profile speakers, the conference is regarded as the key meeting point for the global cotton industry. Today’s focus: Cotton quality and testing methods.

Exchange data between textile companies openly, securely and cost-effectively without a central platform – ITA makes it possible

The Institut für Textiltechnik (ITA) of RWTH Aachen University has launched a new demonstrator for an open and secure data space in the textile industry at the Digital Innovation Centre Europe (DICE). For the first time, the demonstrator shows directly and clearly how companies can share their data securely with each other without the need for a central platform. Data exchange is based on shared, freely usable technical foundations.

EU and India conclude landmark Free Trade Agreement

The EU and India concluded negotiations today for a historic, ambitious and commercially significant free trade agreement (FTA), the largest such deal ever concluded by either side. It will strengthen economic and political ties between the world's second and fourth largest economies, at a time of rising geopolitical tensions and global economic challenges, highlighting their joint commitment to economic openness and rules-based trade.