Kordsa Teknik Tekstil AS traded at 87.90 this Tuesday August 25th, decreasing 1.70 or 1.90 percent since the previous trading session. Looking back, over the last four weeks, Kordsa Teknik Tekstil AS lost 22.94 percent. Over the last 12 months, its price rose by 31.39 percent. Looking ahead, we forecast Kordsa Teknik Tekstil AS to be priced at 89.04 by the end of this quarter and at 79.02 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kordsa Teknik Tekstil AS, formerly Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS, is a Turkey-based company engaged in the production of industrial nylon and polyester yarn, tire cord fabric and single end cord. It offers carcass and industrial fabrics that are used in the structure of vehicle tires; rubber and plastic materials; denier fiber, and connection fabrics. The Company also produces and markets fabrics for mechanical rubber goods and other rubber reinforcement materials; converts various types of yarns into cord fabrics, and provides nylon six, nylon 6.6 for use in tires and mechanical rubber goods, and polyethylene-terephthalate high modulus low shrinkage polyester, as well as rayon heavy decitex yarns. The Company’s operations are divided into the following geographic segments: Europe, Middle East and Africa; North America; South America, and Asia. The Company is a subsidiary of Haci Omer Sabanci Holding AS.