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In our Board of Directors Meeting today; In order to meet the increasing demand of our customers in the segments and region which we operate and consolidate our strong position in the market, it has been decided to invest in HMLS polyester yarn production line at Kordsa Turkey Izmit plant. The investment amounting 9,8 million USD is expected to start its operations in the third quarter of 2024 and it will contribute 7,000 tons HMLS polyester yarn capacity to Kordsa Turkey operations . |
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.