[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
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
Partial or Complete Suspension of Operations in Thai Indo Kordsa and Laurel Hill
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
Thai Indo Kordsa plant: from 25 April 2020 to 7 May 2020; Laurel Hill: from 28 April 2020 to 11 May 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
It is expected that Thai Indo Kordsa will start their operations in the 7th May 2020, Laurel Hill in 11th May 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 Thailand (Thai Indo Kordsa) and tire cord productions in the USA (Laurel Hill) will be reorganized in the coming days.

Kordsa plant in Thailand will officially cease production for 2 weeks commencing April 25th, 2020 until May 7th, 2020.

Kordsa tire cord production plant in the USA will officially cease production for 2 weeks commencing April 28th, 2020 until May 11th, 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.