Kordsa Continues Sustainable Growth

Kordsa announced it expects consolidated revenue and EBITDA growth of 30-40% in Turkish Lira terms and 10-15% in US Dollar terms by the end of 2019. Fabric Development, Textile Products and Advanced Honeycomb Technologies, which are among the strategic suppliers of the aerospace and aviation sector and joined Kordsa in 2018, will also contribute to consolidated composite revenue in 2019. Kordsa targets consolidated revenue of USD 105-115 million from its composite business unit. Kordsa Chief Executive Officer Ali Çalışkan said, "As Kordsa, we are expanding our strengthening areas with strategic investments and industry-leading technologies. With our ongoing organic growth in tire and construction reinforcement and composite technologies in 2018, and the inorganic growth opportunities we are evaluating, we are on track to create a second Kordsa. With the companies we newly added to our group last year, we expanded our customer portfolio and areas of expertise in the composite field. In 2019, we target consolidated revenue of USD 105-115 million from our composite business unit. In 2019, we will continue our strategy of supporting organic growth with inorganic growth. As Kordsa, which reinforces two out of every three aircraft tires in the world, we now reinforce the interior, wings, fuselage and engines of these aircraft. With our industry-leading reinforcement technologies, we always aim to preserve the happy moments in life, increase them and make them sustainable. In 2019, we will continue to 'draw inspiration from life and strengthen life' with deeper expertise across a wider geography," he said.