Kordsa Global which is the world’s leader of fortification materials sector, explained 2014 financial results. While Kordsa Global obtained 1.702 million Turkish Liras sales income with showing 11% increase at total sales compared to the last year, its net profit reached 95 million TL. Again at the same period, gross real operating profit made 27% increase with 108 million TL. Kordsa Global which has the leading position of the world with 34% market place share with high denier nylon 6.6 yarn and cloth sales and has the 3rd range in the world with 10% market place share with high denier polyester, succeeded above and beyond the expectations.
“We are picking the fruits of our strategies”
Cenk Alper, CEO of Kordsa Global who evaluated the results underlined that they owed the success caught in 2014 to the operational productivity, discipline provided at work process and commercial perfectness, and he said “As being Kordsa Global, we targeted to control especially our stable costs effectively by focusing on the operational productivity issue for a while. Now we are picking the fruits of this strategy. With our pure and agile teams, although the global economy’s changeable conditions and accordingly the growing decline at the sector, we reached successful numbers in our financial results by increasing our productivity within our internal process. As a company which has the leading position at the sector and has supplied fortification materials for the world’s leading rubber companies for over 40 years, we came at this point by always targeting the best”.
Changing Kordsa Global
Alper who mentioned about the important investment that they carried out at rubber sector in the beginning of 2015 said “Due to the changing conditions of global economy, production sliding to east from West and the Asian players who are increasing at the marketplace, we are doing our best to
‘Be a Kordsa differentiating from the competitors’. In this regard, with a strategic decision we took, to strengthen our investment more at rubber sector, being an addition to our investments in Indonesia, we carried out our 18 kiloton Rubber Cord Cloth Factory and 14 kiloton 3rd and 4th generation polyester HMLS yarn factory opening in the beginning of 2015”.
“We will tend towards Composite and Construction Field”
Alper who stated that they made important steps concerning to the transmission of their knowledge and experiences at rubber market in 2014 as being Kordsa Global said “Our goal as Kordsa Global is to proceed by producing technologies adding values by making investment for our customers, our employees, our shareholders at the new business fields as well. In the next periods, we are starting to present products at construction and composite fields which we define as sub- sector with the positioning of fortification expert. Based on the developing set forth, we developed a concrete reinforcement fibre for construction sector under the brand of Kratos which we obtained with the fibre technology gained for a long years. With this aim, we opened Kratos Macro Production line at the end of 2014. We also laid the foundation of Composite Technologies Perfectness Center which was started with the collaboration of Sabancı University which is one another output of this strategy”.
