SASA announces: 'The problem has been resolved'

It has been announced that the issue experienced at one of SASA's subcontractors due to wage increases has come to an end.

In the statement made by SASA, it was noted that approximately 9 thousand workers are employed in the assembly of PTA, fiber, chips, and "low melt" fiber facilities, and the following statement was used: "A problem arose regarding wage increases at one of our subcontractor firms with 300 employees, and there was a sit-in for one day due to their dissatisfaction with the wage hikes. With the intervention of the SASA management, this problem has been resolved. The employees of this subcontractor have returned to work and are continuing their duties."

The statement emphasized that 9 thousand employees will continue their duties "day and night" in the assembly of the PTA facility with an annual production capacity of 1 million 750 thousand tons, planned to start production in the second half of 2024; the fiber facility with an annual capacity of 367 thousand tons and the chips facility with an annual capacity of 330 thousand tons, which will become operational in the third quarter; and the low melt fiber facility with a capacity of 52 thousand 500 tons, which will start operations in the first quarter of 2025.