[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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New Business Relation
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Update Notification Flag
Hayır (No)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
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Hayır (No)
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Announcement Content
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Nature Of The Other Party With Which New Business Relation Will Start
Diğer (Other)
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Name Surname Or Company Title Of Customer Or Supplier
Ravago Petrokimya A.Ş.
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If Exists Share Of Customer Or Supplier In Trade Receivables Or Debts On Latest Disclosed Statement of Financial Position Of Company
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Expected Starting Date O fNew Business Relation
15/06/2024
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If Exist Significant Provisions Of The Contract
The existing polyurethane system production facilities and equipment of Ravago Petrokimya A.Ş. (Ravago) will be relocated to our Düzce facility. Within the scope of this collaboration, the production, sales, and marketing activities of all polyurethane systems and products under Ravago's "Ravapol" brand will be carried out by Kimpur.
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Impact Of New Business Relation On Company Activities
With this strategic move, our company will gain approximately 85,000 tons of new additional capacity. Consequently, our current domestic production capacity of 171,000 tons, comprising 141,000 tons at the Gebze facility and 30,000 tons at the Düzce facility, will increase to 256,000 tons with this new strategic investment. Including the 25,000 ton capacity at our Latvia facility, our total global production capacity will reach 281,000 tons.
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Explanations
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Our company, Kimpur, the largest polyurethane system house in Turkey established with 100% domestic capital, has reached an agreement on a significant strategic collaboration with Ravago Petrokimya A.Ş. (Ravago). Within the scope of this collaboration, Kimpur will undertake the production, sales, and marketing activities of all polyurethane systems and products under Ravago's "Ravapol" brand.

Under this agreement, Ravago's existing polyurethane system production facilities and equipment will be relocated to Kimpur's Düzce facility. With this strategic move, our company will gain an additional capacity of approximately 85,000 tons. Consequently, our current domestic production capacity of 171,000 tons, comprising 141,000 tons at the Gebze facility and 30,000 tons at the Düzce facility, will increase to 256,000 tons with this new strategic investment. Including the 25,000 ton capacity at our Latvia facility, our total global capacity will reach 281,000 tons.

The transfer operations will commence on June 15, 2024, and the process is expected to be completed by the end of 2024. Following the agreement, necessary legal procedures will be initiated with the relevant authorities, and developments will be shared with the public.

Respectfully announced to the public.