Indo Kordsa Tbk, PT
Kordsa Global is the world's leading producer of nylon and polyester yarns, cord fabric, and single end cord and provides services to the tire reinforcement and mechanical rubber goods markets.
Kordsa's success story began with the investment in the cord fabric plant in Izmit, Turkey in 1973. Since then, the Company has become the global leader thanks to strategic acquisitions, made in collaboration with powerful business partners. With its 11 facilities, located in 9 countries over 5 continents, and a 4,500-strong workforce, the Company has maintained its position as a global leader. Kordsa Global recorded sales of US $ 882 million in 2008.
Kordsa Global, with its head office in Istanbul, operates in four regions:
In order to provide innovative solutions to its customers, Kordsa Global focused on making investments in R&D, and in the single cord fabric segment, used especially for performance tires.
The R&D Centre, extended in the Izmit Plant in 2008, provides the Company with opportunities to produce innovative products for its customers. And the single-end-cord investments in Turkey, Brazil and Germany plants enabled the Company to meet the market demand as well as the needs of its global tire manufacturer customers.
2008 marked the year when the Company significantly improved its profitability, optimizing its core processes with the vision of Operational Excellence.
Kordsa Global shares are traded on the Istanbul Stock Exchange with a free float of 8.9%.
|Address:||Jl. Pahlawan, Desa Karang Asem Timur Citeureup|
|Exchanges:||JAK||Sub Industry:||Synthetic Fibers||Currency:||Indonesian Rupiahs||Employees:||1,470|
|Fiscal Yr Ends:||December||Market Cap:||2,790,000,000,000 (IDR)|
|Share Type:||Ordinary||Share Outstanding:||450,000,000|
|Country||INDONESIA||Closely Held Shares:||410,446,016|
|Established||8th Jul 1981||Listing:||5th Sep 1990|
|Closing Price:||6200 (IDR)||Data As Of:||19th Feb 2019|