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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Kordsa Teknik Tekstil AS    KORDS   TRAKORDS91B2

KORDSA TEKNIK TEKSTIL AS

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Kordsa Teknik Tekstil : calls for open innovation at Michelin Movin' On Event

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06/16/2017 | 12:25pm EDT

Kordsa calls for open innovation at Michelin Movin' On Event

13.06.2017

The 2017 edition of Michelin Challenge Bibendum, world's largest collaborative symposium focused on solving the planet's most pressing urban mobility challenges for almost 20 years now, started on June 13th in Montreal, Canada and will continue until June 15th. The conference, which brings together more than 3,000 participants from 35 countries, took the name 'Movin' On' this year.

Global reinforcer, Kordsa's Chief Operating Officer of North America, Jim Del Piano gave a presentation on the opening day stressing on the significance of open innovation which will be a key factor for reinforcement market. Del Piano, in his presentation, gave insights on the future of the mobility and the emerging solutions to the mobility. Underlining that the fastest solution to overcome these challenges would be open innovation. The bottom line of the presentation was that innovation was a long way to walk alone.

Today Kordsa reinforcing globally 1 out of every 3 automobile tire and 2 out of every 3 aircraft tire, strives for making the mobility more sustainable by reducing the rolling resistance to decrease the fuel consumption with its tire reinforcement technologies as well as lightening the vehicles with its composite technologies. Kordsa, keen supporter of open innovation practices, as an example for open innovation model, opened recently Composite Technologies Center of Excellence which combines industry and academic environment under the same ecosystem. Center operates in the field of composite technologies, a milestone for a wide range of industries from aviation to automotive. Kordsa's production experts, R&D experts and Sabancı University's academic members and doctoral students work together in the R&D and production processes of the composite at Composite Technologies Center of Excellence.

The conference will continue for 2 more days with a range of dynamic forums, presentations, collaborative workshops, master classes and labs that feature cutting-edge innovation and disruptive technology.


Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS published this content on 13 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 June 2017 15:25:03 UTC.


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Sales 2020 4 392 M 529 M 529 M
Net income 2020 168 M 20,2 M 20,2 M
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 2 148 M 260 M 259 M
Capi. / Sales 2020 0,49x
Capi. / Sales 2021 0,39x
Nbr of Employees 4 342
Free-Float 100%
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Average target price 15,03 TRY
Last Close Price 11,04 TRY
Spread / Highest target 44,9%
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Managers
NameTitle
Ali «aliskan Chief Executive Officer
Cenk Alper Chairman
AbdŁlkadir Toplu Chief Operating Officer- North South America
Volkan Ozkan Chief Financial Officer
Devrim ÷zaydin Global Technology Director
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