[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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At the Board of Directors meeting of our company, in order to make use of opportunities in the European market which has a significant volume of the global glass packaging market, it was decided to establish the first glass packaging factory investment for our group in Europe, Hungary with 100% shareholding. This investment will be realized with two furnaces and an annual net production capacity of 330 thousand tons, including working capital requirements amounting to approximately 255 million Euros. It is aimed that the first furnace of this glass packaging facility investment in Europe will start operating in 2023 and the facility will reach full capacity by 2025 and aimed to meet the increasing glass packaging demand in both Hungary and Europe with this glass packaging facility investment to be made. The public will also be informed about the developments.