[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
One of the primary reasons for our company's decision to proceed with a public offering is the successful completion of the trial production and testing processes at our Malatya GRP Composite Pipe production facility, which officially commenced operations on September 26, 2024 (today). In alignment with our company's sustainable growth strategy, this investment in the Malatya Organized Industrial Zone was initiated in May 2023, with a total investment budget of USD 25 million and developed on an area of 65,000 square meters. When operating at full capacity, the production facility is expected to generate approximately 300 jobs and will be capable of producing GRP pipes with diameters of up to 4,000 mm.
We respectfully announce this to our esteemed investors, stakeholders, and the public.