On Wednesday, 7^th June 2023, PT Indo Kordsa Tbk held an inauguration for the opening of APAC Technical Center at the Company’s head office, Citeureup, Bogor, Indonesia.

The inauguration of APAC Technical went smoothly and attended by CEO of Kordsa Mr. Ibrahim Ozgur Yildirim, also other representatives of Kordsa management, the Ministry of Industry represented by Mr. Adie Rochmanto Pandiangan as Director of the Textile, Leather and Footwear Industry, customers, business partners and media crews. In addition, during the inauguration event, Kordsa's 50th birthday celebration was also held.

The Company believes this inauguration is only a first step in developing the tire industry to a higher level. As the pioneer of the largest tire reinforcement factory in Indonesia and Asia Pacific, The Company is committed in continuing to contribute to the development of higher quality and environmentally friendly products while maximizing its local resources to improve company performance and innovation, striving to increase competitiveness among companies in the industry, as well as growth in market penetration in the global market.

By establishing this APAC Technical Center in Indonesia, the Company entrust its hopes to be even closer to its customers by providing continuous product innovation at the same time, demonstrating its commitment to support the government’s programs that are in line with the Vision and Mission of the Indonesian Ministry of Industry regarding the industry in the form of industrial capabilities that are highly competitive at the global level and based on innovation and technology.

On Tuesday, June 6, 2023, PT Indo Kordsa Tbk (the “Company”) held an Annual General Meeting of Shareholders for Financial Year 2022 and an Extraordinary General Meeting of Shareholders, at Hotel Mulia, Jakarta, Indonesia. These meetings were held both offline and online.

There are four agenda items in the Annual General Meeting of Shareholders, namely: 

1. Approval of the Annual Report and ratification of the Company’s Financial Statements for Financial Year 2022;

2. Allocation of net profit of the Company for the financial year 2022

3. Determination of the remuneration and allowance for the members of the Board of Commissioners and Board of Directors of the Company;

4. Appointment of a Public Accountant to audit the Company’s Financial Statements for Financial Year 2023. 

All agenda items were also approved by the meeting participants.

The event continued by an Extraordinary General Meeting of Shareholders with only 1 agenda item, namely changes to Article 21 Paragraph 4 of the Company's Articles of Association to be adjusted in accordance to POJK No. 14/POKL.04/2022. 

After the two meetings took place, the Company then held a Public Expose event. This event is held as form of the Company's responsibility and commitment to providing information disclosure to shareholders and stakeholders on a timely manner.

PT Indo Kordsa Tbk (Indo Kordsa) and TotalEnergies celebrated the official launch of the rooftop-mounted solar system for Indo Kordsa’s production, warehouse, and office buildings in Citeureup, Bogor, Indonesia, on Wednesday (23/11). Indo Kordsa, a subsidiary of Kordsa, is one of the first tire cord manufacturers in Southeast Asia to use solar power. The project is part of  Indo Kordsa’s Sustainability Roadmap Strategy to achieve its goal to reduce emission levels by 3% per year through the use of renewable energy.

President Director of Indo Kordsa, Chief Executive Officer of TotalEnergies, Directorate General of Chemical, Pharmaceutical and Textile Industries Ministry of Industry, Director of Renewable Energy Ministry of Energy and Mineral Resources (ESDM) attended to the opening ceremony held at Indo Kordsa facility.

Indo Kordsa, in accordance with Kordsa’s sustainability strategies, is committed to combat climate change. According to its commitment to the Science-Based Targets Initiative to help limit global warming to 1.5°C, Indo Kordsa aims to reach net-zero emissions by 2050. Together with TotalEnergies, especially known for their technical experience in deploying renewable energy solutions, Indo Kordsa supports its transition towards clean energy.

With over 8,800 modules installed onto the rooftops of the company’s 6 facilities, 4.8 megawatt-peak (MWp) PV system generates approximately 6,600 megawatt-hours (MWh) of renewable electricity annually, generates significant cost savings for Indo Kordsa and reduces the company’s carbon footprint by about 5,200 tons of CO₂ emissions.

Ömür Menteş, Indo Kordsa President Director said, “This is the biggest among other Kordsa projects throughout 6 countries and the biggest in Bogor District. PT Indo Kordsa Tbk also became the second technical textiles company in Indonesia to utilize the solar rooftop.”

Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia said, “Congratulations to both the Indo Kordsa and TotalEnergies teams on the successful launch of the system. TotalEnergies provides its customers peace of mind from a technical, financial, and commercial perspective. We are delighted to support Indo Kordsa on its sustainability journey towards reducing their carbon footprint and cost-saving goals.”

On Friday (21/10) located at SDN 3 Sukahati, PT Indo Kordsa Tbk held an inaguration for the compleation of renovation of SDN 3 Sukahati school building as one of Indokordsa’s CSR program. Indo Kordsa built additional rooms and donated electronic devices to support the school facilities. The inauguration was opened by the signing on the stone by the President Director of Indo Kordsa, Mr. Omur Mentes, and accompanied by Mr. Wahyu Yuniarto as Director of the company. 

"We are passionate about education, in addition to education becoming one of our main focuses in developing Indo Kordsa’s Corporate Social Responsibility program every year", said Mr. Omur Mentes, President Director of PT Indo Kordsa Tbk.

Indo Kordsa in collaboration with the Relawan Kampung Indonesia Foundation started the school renovation activity by observing the needs of the school’s facilities, further on then determined the right target for development. Renovation was made to the schools main building, Library Room, Computer Laboratory, Boundary Wall, ceilings, floors, as well as the school canteen. It does not stop there, several facilities are also provided by Indo Kordsa, such as laptops, trash cans, and shoe racks which are recycled from the rest of the company's production activities.

"Hopefully our contribution to the environment will not stop here and will not only rely on us, but it can be contagious to many parties", concluded Bapak Omur Mentes.

On Monday, 10h October 2022, PT Indo Kordsa Tbk (the “Company”) has successfully held an Extraordinary General Meeting of Shareholders, in Mulia Hotel, Jakarta, Indonesia. The meeting was held both via online and offline.

In this Meeting there was only a single agenda that is a change in the composition of the Board of Commissioners by appointing Mr. Volkan Ozkan as the new Commissioner of the Company replacing Ms. Fatma Arzu Ergene who had submitted her resignation from her previous position as the Board of Commissioners of the company. The appointment of Mr. Volkan Ozkan as the new Board of Commissioners of the Company is valid until the end of the term of office as stipulated in the Articles of Association of the company.