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English
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oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_NatureOfSituationOccured|
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Partial or Complete Suspension of Operations in Thai Indo Kordsa and Laurel Hill
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oda_InformationAboutOperationsSupendedOrBecameImpossible|
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Tire cord production
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oda_ReasonOfSuspensionOrImpossibilityOfOperations|
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Preventing the labor and public health
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oda_DecisionDateOfAuthorizedBodyIfExits|
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-
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oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
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Thai Indo Kordsa plant: from 25 April 2020 to 7 May 2020; Laurel Hill: from 28 April 2020 to 11 May 2020
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oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
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-
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oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
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-
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oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
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-
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oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
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It is not expected
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oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
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-
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oda_PrecautionsTookIntoConsiderationByCompanyManagement|
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-
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oda_ConditionsRequiredForGoingIntoOperationAgain|
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-
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oda_ExpectedDateToBeginOperations|
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It is expected that Thai Indo Kordsa will start their operations in the 7th May 2020, Laurel Hill in 11th May 2020.
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oda_EffectsOnContinuityAssumptionOfCompany|
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No effect is expected
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oda_ExplanationSection|
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oda_AdditionalExplanationTextBlock|
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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. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.