Special circumstances announcements regarding the completion and commencement of production of the first phase of our Agricultural Irrigation Facility investment, planned to be established in three phases at the Elazığ Organized Industrial Zone, were published on the Public Disclosure Platform (KAP) on 14.12.2022 and 26.12.2022. Our production lines for sprinkler pipes and accessories, which make up the first phase, began production on 10.04.2023, and the production lines for our Technological Drip Irrigation System, constituting the second phase, began production on 02.02.2024.

Within the scope of our Agricultural Irrigation Facility Investment, the necessary tests for the third and final phase, which consists of the Pressure-Compensating Drip Irrigation Systems, have been completed, and production commenced on 30.07.2024 (today).

With the completion of our Agricultural Irrigation Facility investment, the total turnover of the pipe group is expected to increase by 25%.

Our investment, which is carried out under the investment incentive certificate, has been provided with various supports, including a 10-year exemption from the employer’s share of the SGK premium, income tax support for wages, a 90% corporate tax reduction, interest support, customs duty exemption, and VAT exemption.

We respectfully announce this to the public.