KAMUYU AYDINLATMA PLATFORMU
FORD OTOMOTİV SANAYİ A.Ş.
Partial or Complete Suspension or Imposssibility of
Operations
Summary
Production Interruption in Gölcük Plant
Partial Or Complete Suspension Or Imposssibility Of
Operations
Related Companies | [] | ||
Related Funds | [] | ||
Partial Or Complete Suspension Or Imposssibility Of Operations | |||
Update Notification Flag | Evet (Yes) | ||
Correction Notification Flag | Hayır (No) | ||
Date Of The Previous Notification About The Same Subject | 29.03.2021 | ||
Postponed Notification Flag | Hayır (No) | ||
Announcement Content | |||
Nature Of Situation Occured | Production Interruption in Gölcük Plant | ||
Information About Operations Suspended Or Became | Production activities in Gölcük Plant | ||
Impossible | |||
Reason Of Suspension Or Impossibility Of Operations | Disruption in supply processes from abroad | ||
Decision Date Of Authorized Body If Exits | - | ||
Validity Date Of Suspension Or Impossibility Of Operations | 19.04.2021 | ||
Effect of Suspension or Impossibility of Operations on Total | No significant impact is expected on the total | ||
production estimates for the year 2021 disclosed to | |||
Production of Company | |||
the public. | |||
Effect of Suspension or Impossibility of Operations on Total | No significant impact is expected on the total | ||
number of sales forecasts for the year 2021 disclosed | |||
Sales of Company | |||
to the public. | |||
Share Of Partially Suspended Operations In Total | - | ||
Production And Sales Of Company | |||
Number Of Personnel Whose Employment Contracts Were | - | ||
Or Will Be Terminated | |||
Total Amount Of Severance And Termination Pays That Was | - | ||
Or Will Be Paid | |||
Our main partner, Ford Motor Company, works with | |||
Precautions Took Into Consideration By Company | its global suppliers to ensure the efficient use of | ||
materials belonging to electronic components by | |||
Management | |||
giving priority to the solution of the problem and | |||
main production lines. | |||
Conditions Required For Going Into Operation Again | Improvement in supply processes | ||
Expected Date To Begin Operations | 13.06.2021 | ||
Effects On Continuity Assumption Of Company | No effect is expected | ||
Explanations | |||
Further to our Material Disclosure dated 29 March 2021, the issues in the global supply of semiconductor is continuing. The problem has been compounded with the additional supply issues in semiconductor caused by the earthquake and fire in Japan.
Until now the impact of this global crisis has been minimized by the efforts of our main partner, Ford Motor Company, and the collaboration we have carried out with our suppliers. Nevertheless, following the recent developments it was decided to bring forward our annual planned summer shutdown and suspend production in our Gölcük plant from April 19 to June 13 due to the restrictions in the supply of some parts, where imported microchip use is intensive. During this period, maintenance works and rearranging production lines in preparation for new investments will continue. Production will continue in our Yeniköy and Eskişehir plants.
The effects of production loss caused by the suspension of production is reduced by the increase in production pace in the following months, therefore, our total production and sales guidance for the year 2021, is expected to remain within the previously announced range.
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.
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Ford Otomotiv Sanayi AS published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 16:22:03 UTC.