Ford Otomotiv Sanayi : Production Interruption in Gölcük Plant

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

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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.