PT Indo Kordsa Tbk Reports Earnings Results for the Full Year Ended December 31, 2021

PT Indo Kordsa Tbk is an Indonesia-based company, which is engaged in manufacturing and marketing of tire cord fabric, yarn filaments (nylon fiber, polyester fiber, rayon fiber), nylon tire cord, and raw materials of polyester (purified terephthalic acid). The Company sells its products to domestic and international markets. The Company operates through three segments: Tyre cord fabric, Nylon yarn and Polyester yarn. The Company produces Nylon 66 and Polyester HMLS yarn for cord fabric production. It processes Nylon 66 and Polyester HMLS yarn to produces cord fabric, which lends tires strength and flexibility. The Company’s subsidiaries include Thai Indo Kordsa Co., Ltd. (TIK) and PT Indo Kordsa Polyester (IKP). TIK is engaged in tire cord fabric industry. IKP is engaged in polyester tire yarn industry.