Indorama Ventures Limited has acquired Kordárna Plus, a leading European tire cord producer, enhancing its position as the largest tire cord manufacturer in Europe and supporting its growth strategy in the automotive sector.
Target Company Overview
Kordárna Plus, a.s., established in 1948, stands as a prominent European manufacturer specializing in cord fabrics for the rubber industry and industrial fabrics for conveyor belts. Approximately 75% of Kordárna's sales come from Tire Cord Fabrics (TCF), which underscores its vital role in the European automotive supply chain. The company has built a strong customer base through long-established relationships with major global tire manufacturers and has successfully supplied products to more than 15 countries across Europe, North America, South America, and Asia.
With production facilities located in Velká nad Veličkou and Senica, Slovakia, Kordárna operates with an annual production capacity of up to 50,000 tons and employs 786 individuals. Its strategic location within the European Tire Industry Hub, where approximately 3.7 million cars are produced within a 500km radius, allows Kordárna to effectively meet the growing demand for tire cord fabrics.
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Industry Overview in Europe
The European automotive industry is a cornerstone of the region's economy, highlighted by its robust production capabilities and extensive manufacturing network. With major manufacturers clustered within a relatively short distance, the industry
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Indorama Ventures Limited
invested in
Kordárna Plus, a. s.
in 2018
in a Late-Stage VC deal