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Kordsa, a subsidiary of Sabanci Holding, has agreed to acquire Axiom Materials, a supplier of advanced composites. The acquisition is subject to regulatory approvals.
Kordsa Global, a subsidiary of Sabanci Holding, has acquired Fabric Development, Inc. and Textile Products, Inc., leading providers of advanced composite materials for the aerospace sector. The transaction closed on July 13, 2018.
Turkish cement producer Çimsa, a subsidiary of Sabanci Holding, is investing US$120 million to upgrade its Eskisehir and Afyonkarahisar cement plants in 2017. The investment will increase production capacity and broaden the product range.