[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
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
21.06.2024-28.06.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
Indefinite Suspension of Production Activities at Cardboard Production Line No. 1 (KM1)
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
At its meeting dated 26.07.2024, the Board of Directors has decided to suspend the cardboard production activities in the cardboard production line number 1 (KM1), which was previously decided to be temporarily suspended between 24.06.2024-31.07.2024, indefinitely until a new decision is made in the future.
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Market Conditions-Efficiency and Profitability
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
Board of Directors Decision No. YK/2024-16 dated 26.07.2024
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
26.07.2024
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Approximately 80,000 tons/year Gross Production Loss will occur.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
Partially suspended.
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
It is estimated that its share in production will be approximately 30% annually and its share in sales (in terms of quantity) will be approximately 25%.
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
Approximate Number of People 42 It is estimated that the number of people will be.
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
It is calculated as approximately 21.372.000-TL.
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
Fulfillment of the Obligations Stipulated by the Legislation, Making the Necessary Notifications, Declarations and Announcements
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
Changes in Market Conditions in Favor of Product Prices.
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
not exist
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
Production at the No. 2 Cardboard Production Line (KM2) will continue and the Company's Continuity Assumption will not be affected.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

At the meeting of the Board of Directors of our Company dated 26.07.2024 and numbered YK/2024-16 the following decisions were made:

a) Within the scope of the technical, efficiency and profitability report prepared regarding the cardboard production line No. 1 (KM1), which was commissioned in 1970 and has been continuing its production activities for more than 50 years, with a capacity of approximately 1/3 of the total gross production capacity of our company (compared to the technologies of the new generation cardboard production machines, the obsolescence of the technology and the fact that it has become a production line that has difficulty in efficient production,  current market conditions and the inability to provide unit profitability.. etc) in the cardboard production line No. 1 (KM1), which was previously decided to be temporarily suspended between 24.06.2024 and 31.07.2024, the cardboard production activity will be suspended indefinitely until another new decision  is made in the future,

b) With the termination of production in the cardboard production line No. 1, to terminate the employment contracts of the personnel working in the said stopped production activities and the number to be determined by the technical departments that have become unnecessary by paying the notice and severance indemnities, to make the notifications, declarations and applications required to be made to the authorized labor union, all kinds of public institutions and organizations in accordance with the legislation, to inform the public and our stakeholders through the Public Disclosure Platform (KAP) regarding the said issue, to authorize the General Directorate regarding the said issues,

decision has been taken.

While production at the No. 1 cardboard production line (KM1) will be stopped indefinitely, production activities will continue at the No. 2 cardboard production line (KM2). Stopping production at the No. 1 will not have any negative impact on the production activities of the No. 2 cardboard production line (KM2).

The English translation of this statement is attached hereto, and in case of any discrepancy in the texts of the statement, the Turkish statement will be taken as the basis.