Home / Knowledge / News / Textiles / Turkey's Sabanci to invest US$ 130mn in Kordsa unit
Turkey's Sabanci to invest US$ 130mn in Kordsa unit
28
Mar '12
Turkish company Sabanci Holding plans to invest US$ 130 million in its Kordsa nylon and polyester unit this year.

Mehmet Pekarun, Head of Sabanci, said the company would invest a total of US$ 275 million in 2012 across its various units, of which an amount of US$ 130 million would be allocated for its Kordsa unit.

Kordsa Global is the world's leading producer of industrial nylon and polyester yarns, tire cord fabric and single end cord.

Since its inception in 1973 with an investment in the tire cord fabric plant in Izmit, Turkey, Kordsa has grown to become a global leader through strategic acquisitions made in collaboration with powerful business partners.

Kordsa currently has 11 plants located in nine countries across five continents employing 4,500 people.

In 2010, Kordsa Global recorded sales of US$ 850 million.

Fibre2fashion News Desk - India

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