Global player in tire, composite and construction reinforcement technologies to invest $50 million, create 200 new jobs in Hamilton County
Nashville – Kordsa, Inc. will invest $50 million to expand manufacturing operations at its Chattanooga, Tennessee, facility. Through this project, Kordsa, Inc. will create 200 new jobs and expand its capacity to convert its products into tire cord fabric. Currently, the Chattanooga facility manufactures Nylon 66 yarn and ships it to North Carolina where it is converted into tire cord fabric and sold to tire manufacturers across the U.S.
“Kordsa Inc. is excited to announce that we are committed to providing growth opportunities at our Chattanooga facility,” said Kadir Toplu, COO, Kordsa, Inc. “At Kordsa, we believe that our employees are our greatest strength, and we are proud of being able to create many new jobs in the future. Our Kordsa Facility wants to continue the development of our business and our community for generations to come. Not only do our products reinforce many important products, but our core values reinforce our commitment to providing the best quality products made by the best employees. Kordsa would like to express the most sincere thanks to the Tennessee Department of Economic and Community Development (TNECD) for assisting us with this project, which will create jobs and opportunities for our community. Tennessee – America at its Best.”
Kordsa Inc., the U.S. subsidiary of Kordsa, develops environmentally friendly products in the tire industry that reduce fuel consumption and provide better wet grip. Additionally, the company develops technologies that allow for lighter cars, performing with lower fuel consumption and lower carbon emissions in the composite industry.
“As Tennessee continues to lead the automotive industry, we proudly welcome additional investment and job creation from companies around the globe,” said Tennessee Governor Bill Lee. “I thank Kordsa, Inc. for investing $50 million in Chattanooga and creating new opportunities for Tennessee families in Hamilton County to thrive.”
Since 2019, TNECD has supported more than 20 economic development projects in Hamilton County, resulting in approximately 4,300 job commitments and $1.6 billion in capital investment.
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