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Kordsa recently announced the acquisition of US companies Fabric Development Inc (FDI) and Textile Products Inc (TPI), which provide advanced composite materials to the commercial aviation industry. Kordsa sees this US$100 million investment as an important step towards reinforcing its composite market position in the US as well as becoming a strong player in the growing aviation industry supply chain.
“Primarily producing only tyre reinforcement technologies, as Kordsa, we used to reinforce every one out of three automobile tyres and every two out of three aircraft tyres,” states Kordsa CEO Ali Çalışkan. “Over the years, we leveraged our expertise in tyre reinforcement technologies into construction reinforcement and composite technologies and expanded our lines of business.”
“In parallel to our strategic decision to focus in composite technologies, we inaugurated Composite Technologies Center of Excellence, which operates as an innovation hub combining industry and university under the same roof as well as serving as a home to basic research, design R&D and production in 2016,” he adds. “Our business journey today is brought to a new level with this brand-new investment which will lead us to become a global player in the field of commercial aviation having an important presence in the commercial aviation value chain. This new step will ensure us to be a strategic supplier of key players in aerospace and civil aviation, particularly Boeing and Toray Composites Materials America.”
“With this acquisition, we also aim to strengthen our strong global leadership in reinforcement technologies. We used to reinforce the tyres of the aircrafts, now we are honoured to say that we will also reinforce the wings and hulls of the aircrafts with our composite technologies, as well as the landing tracks of those aircrafts with our construction reinforcement technologies.”
Image provided by Kordsa
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