Kordsa Reinforces its Position in the US Market
Kordsa, a global player in tire, composite and construction reinforcement technologies, has supported its existing investment in the U.S. market with a new purchase. Kordsa's subsidiary in the U.S.,Kordsa Incorporated, acquired the Chattanooga facility of the Luxembourg-based INVISTA S.à r.l. in the U.S. state of Tennessee. Kordsa aims to maintain its leadership position in the U.S. market with this new facility.
Kordsa Incorporated, the U.S. subsidiary company of Kordsa, has purchased the plant of Invista Corporation in the Chattanooga region of Tennessee. With this acquisition, which will ensure the sustainability of Kordsa's facilities in the U.S., Kordsa Inc. will have the legal right over the land in which Invista and Kordsa were formerly located, including the existing infrastructure, power generation station, and salt and polymer production lines.