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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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24.04.2024
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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Regarding our company's steel mill investment process, hot tests have been completed at this stage, the investment has been commissioned so that performance tests will continue and production has started in the new steel mill. With the newly built steel mill, the annual production capacity of the steel mill increased from 1,500,000 tons to approximately 3,100,000 tons annually. This facility is equipped with modern technologies and will enable us to produce steel at lower costs by optimizing our production processes, providing better quality, higher efficiency and energy savings. In addition, with the new steel mill, billet production will increase, completely eliminating our need for semi-finished product imports, increasing our billet sales within this framework and responding to demands more quickly and effectively, as well as achieving sustainability by reducing our carbon footprint with environmentally friendly and energy efficient production methods. It is aimed to contribute to our goals. As a result of this capacity increase, the decrease in production costs and increased semi-finished product sales volume are expected to increase annual revenue, as well as strengthen our financial performance and increase our competitiveness in the market. We hope that our new steel mill will be beneficial to our country, our industry and our company. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall 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.