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Kordsa releases fourth sustainability report

Dec '18
Courtesy: Kordsa
Courtesy: Kordsa
Kordsa operating with 'We Reinforce Life' mission has published its fourth sustainability report which considers the company’s economic, social and environmental performance. With this report, Kordsa enables its shareholders to evaluate the actions taken to measure, track and improve its impacts on the economy, society and the environment.

As a global player in tire and construction reinforcement and composite technologies markets providing services in a wide geographical area from America to Asia-Pacific, Kordsa aims to create value with its mission to reinforce life for its customers, employees, shareholders and societies it operates in. The report has provided details on its R&D activities, innovative products, technologies and processes at its facilities on 4 continents. It also includes detailed information on its relationships with suppliers and customers as well as its efforts on energy emission, waste and water managements and biodiversity issues.

It has also covers Kordsa’s investments in 2017 for sustainable growth. Following its investment of Composite Technologies Center of Excellence, Turkey's first industry-university cooperation model inaugurated in 2016, Kordsa continued its investments in composites technologies which have great importance for a sustainable future. With an investment of $100 million, Kordsa has acquired Fabric Development Inc. (FDI), Textile Products Inc. (TPI) and Advanced Honeycomb Technologies providing advanced composite materials to the commercial aviation industry. Meanwhile, Kordsa continued to invest in tire and construction reinforcement technologies as well.

R&D and innovation being at the heart of its business processes, Kordsa has grown its patent portfolio by approximately 60 per cent in 2017 with a total budget of TL 75 million. In 2017, Kordsa invested approximately $200,000 in emission management, waste recycling, waste disposal, consultancy and training and recycling materials resulted in savings of $1.21 million. (RR)

Fibre2Fashion News Desk – India

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