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Kordsa Global Received Award for Corporate Awareness

Being granted full marks in Quality Assurance Review from KPMG, KordSA Global received the 2015 Internal Audit Awareness Award from Institute of Internal Auditors - Turkey (TIDE) Board of Directors.

The world's leading manufacturer of nylon 6.6, polyester industrial yarn, cord fabric and single cord, KordSA Global was audited by the independent KPMG auditors. Conducted in November 2014, the Quality Assurance Review resulted in “Generally Conforms” for KordSA, granting the company’s Internal Audit Department the certification of International Internal Audit Standards. The leading organization KordSA Global has been awarded the Corporate Awareness prize by Institute of Internal Auditors – Turkey (TIDE) Board of Directors after passing the Internal Audit Quality Assurance evaluation successfully.

KordSA Global CEO Cenk Alper stated that the assessment and mention award has extreme importance. He made the following remarks:

“It is extremely important for us to pass the assessment of KPMG and confirm that our internal audit activities are in accordance with the International Internal Audit Standards. The result certifies that our audit practices are in line with International Internal Audit Standards and Codes of Conduct, assuring our stakeholders once again.”

Mr. Alper also indicated that they gladly follow the awareness activities of TIDE, and such projects are an effective instrument in making their internal audit activities consistent with international standards.

KordSA Global Internal Audit Manager Özkan Demir stated that the Internal Audit Department is proud of the result:

“We aim to improve our practices through advanced technology without compromising our high quality standards, and look forward to contribute to our stakeholders in the future. I would like to thank the members of the Board of Directors, Audit Committee and Executive Board, as well as our entire team who had a share in our success.”

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About Kordsa

Established in 1973 as a subsidiary of Sabancı Holding, Kordsa is the leading manufacturer of industrial nylon and polyester yarn, tire cord fabric and single end cord. The success story started in İzmit-Turkey in 1973 with Sabancı Holding’s tire cord manufacturing plant investment.

www.kordsa.com

 
 
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