Sabanci to make Kordsa, Brisa investments this year
Turkey’s Sabanci Holding intends to invest around US$130 million in its Kordsa cord and yarn operation and $110 million in its Brisa tyre making division during the course of 2012. According to Mehmet Pekarun head of Sabanci’s Tire, Tire Reinforcement and Automotive Group, these two investments are being undertaken as part of an overall $275 million investment programme.
Kordsa Global operates 11 facilities in nine countries, and last year the company produced 171,000 tonnes of tyre cord, fabric and yarn, a four per cent year-on-year increase on 2010. Brisa tyre sales reached 150,000 tonnes in 2011, up six per cent on a year earlier.