Tag: Turkey

Turkey supports development of Somali’s poultry industry with establish of modern farm

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SOMALIA – Turkish Cooperation and Coordination Agency (TİKA), Turkey’s leading development aid agency, has built a modern poultry farm with a total floor space of 198 sq. meters in Mogadishu, the capital of Somalia. The poultry farm equipped with modern equipment, feed units, vaccines has a holding capacity of 1200 ATAK-S layer chicks. The initiative is part of the “Project for Developing Layer Poultry Farming in Somalia,” implemented in cooperation with the Ministry of Agriculture and Forestry of the Republic of Turkey, IHH Humanitarian Relief Foundation, and Zamzam University. Assoc.…

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Alapala named Turkey’s number 1 exporter of Food Machinery

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TURKEY – Turkish supplier of milling and handling system technologies Alapala has been listed among ‘Top 1000 exporters of Turkey’ in 2020 by the Turkish Exporters Assembly (TIM).  Through 4 companies, Alapala Group which exports milling machinery, equipment, and parts to the world from Turkey, ranked 636th in this year’s ranking, a great improvement from last year where it ranked 824th.   The group which has successfully completed over 600 turn-key projects in four continents and trades as ‘Alapala Foreign Trade’ also emerged 13th in the ‘Machinery and Parts’ category.  It also maintained its position as the lead…

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Huhtamaki to expand presence in flexible packaging market with US$483m acquisition of Elif

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TURKEY – Finnish food packaging specialist Huhtamaki is set to expand its position in the flexible packaging market with a US$483 million acquisition of Turkish-based producer Elif.   According to Huhtamaki, Elif specialises in sustainable flexible packaging and uses both post-industrial and post-consumer recycled polymers as raw materials.  Huhtamaki says that more than 90% of Elif’s current product portfolio is recyclable and that the range also includes compostable films.  The company supplies its packaging solutions to customers across Europe, the Middle East, and Africa, serving markets including food, beverage, and dairy, as well…

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Alapala celebrates life of experienced technical director, offers range of professional services to millers

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TURKEY — Grain milling and handling system technologies company Alapala is celebrating the life of Milan Shah who until his death was the company’s technical director.   Milan Shah, a Kenyan by birth, had a mechanical engineering degree from Bristol and over 20 years of experience in the milling sector.   He had served Alapala for over 10 years in various positions and until his demise, he was serving as the Technical Director where oversaw a number of functions including engineering, research, and development.  In a statement, Alapala described Milan Shah as a great leader whose vision and guidance inspired Alapala adding that his steller leadership will continue to…

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Edible oils company Ozmirioglu enlists Myande Group for construction of Turkey’s largest edible oils crushing plant

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TURKEY – Myande Group, a leading provider of equipment and engineering services in Oils and Fats, is set to undertake one of the largest multiple oil seeds crushing project in Turkey, in a move that cements an equipment solutions leader in the food industry.  According to a statement from the company, it has signed a contract with Ozmirioglu A.S for the construction of a 1,000 tons per day (TPD) multiple oilseeds crushing plant.  Upon successful completion and commissioning of the project, Ozmirioglu will become the proud owner of the largest cottonseed crushing plant in Turkey.  Ozmirioglu A.S. which has been in operation…

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Kraft Heinz to acquire Turkish sauce company Assan Foods to bolster presence in EMEA

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TURKEY – Leading American multinational food company Kraft Heinz has agreed to acquire Turkish sauce company Assan Foods from Kibar Holding in a deal that will bolster the company’s presence in Europe, Middle East, and Africa (EMEA).  According to a statement from the maker of popular Heinz tomato ketchup, the planned acquisition of Assan from KIbar Holdings values Assan at approximately US$100 million.  Headquartered in Istanbul, Assan Foods manufactures and sells a wide range of sauce products such as ketchup, mayonnaise, pasta sauces and more.  Assan Foods has acted as a…

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Turkish grocery delivery firm Getir raises US$550m to fund expansion into North America

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TURKEY – Getir, a pioneer in the ultrafast grocery delivery market, has raised more than US$550 million in a Series D funding round even as it continues with its ambitious expansion plans. The company which is reported to now have a valuation of US$7.5 billion has already set up shop in London, the UK and in Amsterdam, the Netherlands. Getir’s couriers are set to hit the road in Paris, France and Berlin, Germany in the coming week, according to a statement from the company. The recent funding round comes on…

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Mondi completes acquisition of Turkish corrugated packaging company Olmuksan

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TURKEY – Mondi, a leading British multinational packaging and paper group, has completed the acquisition of a 90.38% stake in Olmuksan International Paper from International Paper. The acquisition culminates a process which started earlier this year when International Paper announced that it had reached an agreement to sell its 90.38% interest in its corrugated packaging business in Turkey to Mondi, for approximately €66 million. The Olmuksan business includes five corrugated packaging plants, which supply a diverse customer base with packaging for food, beverage, agriculture and industrial applications. For the 12…

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Grocery platforms Getir, Everli to expand operations after successful funding rounds

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EUROPE – Europe-focused grocery platforms Getir and Everly have successfully completed their respective funding rounds, as they look to expand their operations and enter new markets. Getir completed a US$300 million Series C funding round which was led by Sequoia Capital and repeat investor Tiger Global. According to a statement from the company, the funds will be used to support its growth in Turkey and the UK.  Istanbul-based Getir entered the UK market in January this year, launching in parts of central London. The technology company offers a ten-minute grocery…

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Mondi acquires Olmuksan to bolster position in growing Turkish corrugated packaging maker

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TURKEY – British multinational packaging and paper group Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper for a total consideration of €66 million (about US$81.46 million). The sale is the culmination of plans by Tennessee based International paper (IP) to reorganize its business interests in Turkey. The company had issued a notice in October 2020 indicating it was exploring the sale of its stake in Olmuksan. That notice stated IP was evaluating “various alternatives for the…

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