World’s leading nylon 6.6. and polyester industrial yarn, cord fabric and only cord producers Kordsa Global increased its profit 145% in the year 2014 in comparison to the previous year.
Being world’s leader in fortification materials sector, Kordsa Global announced its 2014 financial results. Kordsa Global acquired a sales revenue of 1.702 million TL by showing an increase of 11% in its total sales in comparison to the previous year. Net profit of the company reached 95 million TL. Again in the same period it achieved a 27% increase with 108 million TL real operating profit. Evaluating the results, Kordsa Global CEO Cenk Alper underlined that the success they acquired in the year 2014 was thanks to operational efficiency, discipline during work processes and commercial perfectionism. Being the world leader in high denier Nylon 6.6 yarn and fabric sales with 34% market share, and being world’s 3rd in polyester market with 10% market share, Kordsa Global painted a positive picture in profitability for the year 2014. Cenk Alper said: “As Kordsa Global we were focused on the subject of operational efficiency for a while and we aimed to control our constant costs effectively. Now we are reaping the fruits of that strategy. Regardless of the variable conditions of global economy and the constant tightening of the sector accordingly, we with our simple and light-footed team increased our efficiency within our inner procedures and reached successful numbers in our financial results. As a world leading company in the sector that has been providing fortification materials for the world’s leading rubber companies for more than 40 years, we always aimed for the better and we got to this point”.
Cenk Alper mentioned about their important investments in rubber sector in the beginning of 2015, and also added: “Due to the variable conditions of today’s global economy, production moving from west to east and Asian actors with increasing numbers in the sector, we are striving to become a Kordsa Global that is becoming different from its competitors. In that sense, with a strategic decision we took, in the beginning of 2015 we opened a Rubber Cord Fabric Factor of 18 kilotons and third and fourth generation polyester HMLS yarn factories of 14 kilotons with a total amount of $ 100 million in addition to the existing investments in Indonesia, in order to strengthen our investment in rubber sector.” Kordsa Global took important steps in transferring its knowledge and experience in rubber market in 2014 into new markets. Kordsa Global’s CEO’ Cenk Alper said: “ As Kordsa Global, our aim is to invest in our customers, shareholders, staff in the new working areas and to move forward by producing valuable technologies. In the upcoming period we will start providing products through our fortification expert positioning for the construction and composite areas we define as sub-sectors.” Cenk Alper continued: “On the basis of the presented improvement, we developed a fiber reinforced concrete via the fiber technology we acquired as a result of hard work for the building sector under the brand Kratos. For this purpose we opened up Kratos Makro production line at the end of the year 2014. The foundation of the Composite Technologies Perfection Center, which is another outcome of this strategy, was initiated with the cooperation of Sabancı University again at the end of the year with the participation of Prime Minister Ahmet Davutoğlu and Sabancı Holding Chairman of the Executive Board Güler Sabancı.”
