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It has been decided to start an investment in a new technical yarn facility with a capacity of 7 thousand tons/year, considering the demand in Turkey and the world
According to negotiations with machinery manufacturers of the investment with a budget of 45 million USD; It is planned to be commissioned starting the end of 2024. It has been decided to start the necessary works in order to benefit from government incentives related to investment.
Submitted to the public information. Yours Respectfully
Material Disclosure Announcement has been prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail. |
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.