[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
28.09.2023
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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In the announcement made to the public on September 28, 2023, it was stated that an investment would be made with internal resources to increase the capacity by 100% with the addition of 5 new lines for PPRC infrastructure pipe production at our Istanbul pipe factory, in addition to the existing 5 lines, and for PPRC superstructure pipe production at our Elazig factory.


Within the framework of this investment decision, modernization and transformation works were completed, and production started on November 21, 2023 (today).


With the completion of the investment, it is expected that our company's annual turnover will increase by approximately 15%.


Additionally, the machines and equipment purchased from abroad for our Agricultural Irrigation Facility Investment, which was publicly announced on 14.12.2022, have reached our facility and are currently in the assembly and installation stage.


We hereby inform the public and shareholders.