Total  Energies
ITMA

Free membership

Receive our weekly Newsletter
and set tailored daily news alerts.

Composites

Kordsa acquires two businesses in US

With these acquisitions Kordsa aims to follow the same path that led to leadership in tire reinforcement technologies.

27th July 2018

Innovation in Textiles
 |  Turkey

Transport/​Aerospace

Ali Çalışkan, Kordsa CEO. © KordsaReinforcement technologies’ leader Kordsa, after expanding its lines of business to composite technologies in 2016, acquired Fabric Development Inc (FDI) and Textile Products Inc (TPI), which provide advanced composite materials to the commercial aviation industry, with an investment of approximately US$ 100 million. With these acquisitions Kordsa aims to follow the same path that led to leadership in tire reinforcement technologies to build a second Kordsa in composite technologies as well.

“Primarily producing only tire reinforcement technologies, as Kordsa, we used to reinforce every one out of three automobile tires and every two out of three aircraft tires. Over the years, we leveraged our expertise in tire reinforcement technologies into construction reinforcement and composite technologies and expanded our lines of business,” said Ali Çalışkan, Kordsa CEO.

Read the full article on our Inside Composites website

Latest Reports

Business intelligence for the fibre, textiles and apparel industries: technologies, innovations, markets, investments, trade policy, sourcing, strategy...

Find out more