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Kordsa Global bags Indonesia's Primaniyarta Export Award

10 Nov '16

2 min read

Kordsa Global, composite reinforcement company and manufacturer of industrial nylon and polyester yarn, tire cord fabric, and single end cord, has bagged the Primaniyarta Export Award in Indonesia. The award is given by the Indonesia Ministry of Commerce to the companies that contribute in economic development through their export and trading volume.

Kordsa Global received the award from Indonesia President Joko Widodo.

The Indonesian Ministry made a retrospective assessment on the companies' realised trade volume and on their contribution to export in 2015. The companies with the highest export performance were granted the award. The Reinforcer's $106 million export figure in 2015 brought the award.

Kordsa Global also received the “Export Star of the Year Award” in last May. Export Star of the Year Award is given to encourage exporter companies which are seen as the locomotives of Turkish economy. With two biggest export awards both in Indonesia and in Turkey; The Reinforcer has established its strong and stable position in all geographies that the company operates and invests in.

Kordsa Global CEO Cenk Alper said, “This award is an indicator of the fact that we correctly analyse the market and the customer demand. In 2015, we had increased our current capacity in Indonesia and put our second tire cord and polyester yarn factory into service with an investment of $100 million to meet our customers' demand. In the past months, this new capacity became fully operational and we decided to make an additional investment. In order to meet the high demand to our tire cord that is made from our polyester yarn, we realised an investment of 6,500 tons of additional polyester yarn capacity. These export awards are results of the value we put in market, region and our customers and investors.” (GK)

Fibre2Fashion News Desk – India