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


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urmil Arya

Sushila International, a well established textile organisation established ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search