[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
Partial Or Complete Suspension Or Imposssibility Of Operations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Evet (Yes)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
26.03.2020
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
Partial or Complete Suspension of Operations in Kordsa Brasil and Kordsa Turkey
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
Tire cord production
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Preventing the labor and public health
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
Kordsa Brasil plant: from 26.03.2020 to 08.04.2020; Kordsa Turkey plant: from 01.04.2020 to 15.04.2020
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
-
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
-
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
-
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
It is not expected
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
-
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
-
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
-
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
Its expected that Kordsa Brasil will start their operations in 8th April, 2020, Kordsa Turkey in 15th April, 2020.
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
No effect is expected.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

As Covid-19 pandemic's impact on the world continues, due to the changing customer demand and our customers' decisions to cease their productions, it is decided that the production in our facilities in Turkey and Brazil will be reorganized in the coming days.

Kordsa plant in Brazil will officially cease production for 2 weeks commencing March 25th, 2020 until April 8th, 2020.

Kordsa Turkey will continue to operate and will only suspend production in certain lines for 2 weeks commencing April 1st, 2020.

During this period, orders prior to these dates will be delivered.

In such challenging period for the globe, Sabancı Holding affiliate Kordsa will continue to produce economic value for our ecosystem and for our investors, including primarily our employees, business partners and customers.

Note: This announcement is the correction of the statement published in March 26, 2020 due to change on PDP template.