43902
KORDSA TEKNIK TEKSTIL A.S.
Apr 1, 2022
Turkiye
Central Asia and Turkiye
Feb 28, 2022
B - Limited
Completed
Dec 10, 2025
Regional Industry MAS MCT
Manufacturing
Approved : Feb 28, 2022
Signed : Mar 31, 2022
Invested : Apr 18, 2022
Automotive Tires
Kordsa Teknik Tekstil A.S. (“Kordsa Turkey”) and its subsidiaries (together with Kordsa Turkey, “Kordsa”) is a leading Turkish group involved in the production of industrial nylon & polyester yarn, tire cord fabric and single end cord in addition to composite and construction reinforcement materials. The proposed IFC investment is up to US$110 million to fund (i) Kordsa’s investment program that will be undertaken in emerging markets between 2022 and 2025 to scale up research and development activities, acquire technology, improve operational efficiency and grow product capabilities in high margin products and (ii) increased permanent working capital need (the “Project”). Up to 25% of the proposed IFC investment will be utilized by Kordsa Inc., a wholly owned subsidiary of Kordsa Turkey in the US, for technology acquisitions. This component will benefit Kordsa’s operations in various emerging markets, such as Turkey, Brazil, Indonesia and Thailand.
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