Kordsa announce $20 million expansion of North American facilities

Istanbul, Türkiye – Taking firm steps towards its sustainable growth targets, Kordsa, one of the subsidiaries of Sabancı Holding, has added yet another one to its investments. The Company invests USD20 million in its North American facilities with the goal of boosting its cord fabric production for the tire industry.

Kordsa has decided to expand the tire cord dipping line at its North American facilities to meet the increase in demand of tire manufacturers. The additional dipping line will be implemented at the facility through an investment of USD20 million, which is anticipated to become operational in 2024. The new investment will boost the Company’s annual cord fabric production capacity by 19 kilotons.

Commenting on the Company’s new USD20 million investment in North America, İbrahim Özgür Yıldırım, Kordsa CEO, said: “We are commissioning a second dipping line to increase our cord fabric production in line with growing customer demands in North America. In accordance with our sustainable growth targets, we continue to invest both in Türkiye and abroad with great consistency. We will continue to ‘reinforce life’ with a view to consolidating our global leadership.”