JAVA ISLAND, Indonesia—Kordsa Global has opened its second tire cord fabric and polyester yarn facility in Indonesia in a $100 million investment.
The firm said the investment includes an 18 kiloton tire cord fabric facility and a 14 kiloton third and fourth generation polyester HMLS yarn facility. Kordsa's combined operations will employ more than 200 people, located in Bogor-Citeureup—which is on the west part of Java Island.
“With these brand new facilities, we are going to offer added value to our global, regional and local customers by developing special solutions,” Kordsa Global CEO Cenk Alper said in a statement. “With our increased capacity and competencies, high quality standards and determined workforce who have embraced Kordsa Global's core values. We will continue to smoothly satisfy our customers' needs.”
Kordosa operates 10 manufacturing facilities in eight countries.
The firm said that this second in Indonesia is the largest capacity investment for Kordsa Global outside of Turkey.
“Our customers are demanding the best in quality and the latest in technology in order to realize their global ambitions,” Mehmet Pekarun, SBU Industry president of Sabanci Holding and Kordsa chairman, said in a statement. “I can clearly say that this region is rapidly becoming the most competitive market in all aspects. Success in Asia is the new definition of global competitiveness.”