Kordsa

Kordsa started operations at a new 3,500 sq m polyester line at its Izmit, Turkey plant, adding 7,000 tonnes of polyester yarn capacity. The investment was 100 million Turkish lira (approx. £13.3 million).

Continental and Kordsa have jointly developed Cokoon, a new sustainable adhesive technology for bonding textile reinforcing materials with rubber compounds, without resorcinol and formaldehyde. It will be offered as an open source technology to other tire manufacturers.

Continental and Kordsa jointly developed a new sustainable adhesive technology called Cokoon for bonding textile reinforcing materials with rubber, eliminating resorcinol and formaldehyde. They offer it as an open-source solution to the tire and MRG industries.

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 Inc., a unit of Kordsa Teknik Tekstil, acquired 100% shares of Advanced Honeycomb Technologies Corporation for $3.2 million, expecting to generate about $4 million in annual composite revenue increase in the US.

Turkey-based Kordsa has acquired commercial aviation industry composite suppliers Fabric Development Inc. (FDI) and Textile Products Inc. (TPI) as part of a $100 million investment to strengthen its composite market position in the United States.

Kordsa has acquired Fabric Development Inc. and Textile Products Inc., which provide advanced composite materials to the commercial aviation industry, for approximately $100 million.

Kordsa broke ground on a polyester expansion project in Izmit, Turkey, adding 7,000 t/y of polyester yarn capacity, expected online in 2018. The company also held a groundbreaking for an additional monofilament PP line for the Kratos product.

Turkey's Kordsa announced its US affiliate will buy Fabric Development Inc. (Pennsylvania) and Textile Products Inc. (California) for approximately $100 million. Both companies supply composite materials to the aerospace industry.