News from Notch Consulting, Inc.

March 22, 2009

Kordsa Announces Closure of Tire Cord Plant

Filed under: Tire Cord — Notch @ 3:17 pm

Kordsa Global has announced that it will close down its tire cord factory in Izmit, Turkey due to falling demand in global markets. The plant produces nylon and polyester tire cord. Kordsa is the world’s largest supplier of nylon and polyester industrial yarn, fabrics and single-end-cord, serving primarily tire markets. The plant in Izmit began producing tire cord in 1973 and was Kordsa’s first tire cord facility. Details on the timing of the shutdown were not announced.

1 Comment »

  1. Dear Sir,

    I was expecting this decision by Kordsa from two years back. Unfortunately they were too slow to realise that PA 66 has concluded its time in tyre cord field. They could neither see that ordinary PET cord yarn will share the same fate as PA.

    Names dont make companies global, Kordsaglobal lost not because of crisis, they lost because they appointed wrong people in their technical positions, top to bottom. They lost because R&D is not made by buildings, equipment and staff stuffing. Kordsaglobal did not have any novel ideas in R&D, infact they had no idea at all!

    I currently work on novel approaches for industrial yarns particularly on tyre cord yarns. I am therefore interested to be updated on the developments.

    Kind regards,

    Dr. Bedii Erdemir

    Comment by Bedii Erdemir — November 27, 2009 @ 11:05 am

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