Kordsa announced the signing of a commercial collaboration agreement for the supply of specially manufactured epoxy-based products for use in aircraft cabin interiors to FACC AG, a leading player in the global aviation industry.
The agreement was stated to have an impact on revenue and profitability.
The following information was included in the statement made by the company.
“The company has signed a commercial collaboration agreement for the supply of specially manufactured epoxy-based products, intended for use in aircraft cabin interiors, to one of the leading players in the global aviation industry, FACC AG.
The products covered under the agreement serve as pioneers in transitioning from phenolic-based volatile chemicals to epoxy-based chemicals within various processes, spanning from raw material production to the development of final products, thereby preventing the emergence of harmful chemicals and significantly contributing to employee health. Additionally, these products exhibit high performance in meeting one of the most critical and challenging criteria in the aviation industry, fire resistance, ensuring top-level passenger safety in potential fire and heat incidents on aircraft.
The total value of the products to be supplied under the contract will be determined in the upcoming periods. In the event that the overall monetary value of orders significantly affects the financial statements, a separate disclosure will be made to the public through a special circumstances announcement.”