Kordsa Participates in Indonesian President’s Official Visit
Kordsa, a global brand from Turkey, has attended a meeting held as part of Indonesian President Joko Widodo’s official visit to Turkey as a special invitee of Joko Widodo. At the meeting held in Ankara with the participation of executives from leading Turkish companies, Zeki Kanadıkırık, Chief Operating Officer for the Asia-Pacific region, represented Kordsa. Kordsa won an Indonesian Export Champion award in 2016, and was listed among the top 100 fastest growing companies in Indonesia by Infobank, one of Indonesia's biggest economic magazines, earlier this year. In 2015, in an effort to meet demand in the region, Kordsa undertook an investment of $100 million and opened a second tire cord and polyester yarn factory in Indonesia. Later, Kordsa strengthened its position in Indonesia with another investment to add an additional 7 kiloton capacity. The Free Trade Agreement negotiations expected as part of Indonesian President Joko Widodo’s visit will definitely strengthen Kordsa’s position, as well as those of other Turkish companies in the Asia-Pacific region by developing bilateral business cooperation and trade opportunities.