Kordsa has acquired majority shares in Microtex Composites, headquartered in Pistoia, Italy, a specialist in woven carbon fibre and prepregs mainly for luxury automotive and motorsports in Europe.

“Since entering the composite technologies business in 2012, mobility has been one of the focus areas we have been working on,” said Kordsa CEO Ä°brahim Yıldırım. “With this new investment, we are expanding our product lines while aiming to reduce our emissions and strengthen our position as a leading global supplier of advanced materials. Our acquisition of Microtex will reinforce our operational capabilities and our role in the supply chain.”

As the global leader in tyre reinforcement, Kordsa is a member of the UN Global Compact and aligns its business strategy with limiting global warming to well below 1.5°C compared to pre-industrial revolution levels. As such, it invests in products that contribute to the reduction of fuel consumption by vehicle lightweightning with both tyre reinforcement and composite technologies.

“This partnership will strengthen Microtex Composites and solidify our dynamism internationally,” said Massimo Becagli, managing director of Microtex.

www.kordsa.com