Balsu
| Balsu Gıda Sanayi ve Ticaret A.S. | |
| Founded | 1979 |
| Founder | Cuneyd Zapsu |
| Headquarters | , |
Area served | Worldwide |
| Products | Hazelnuts |
| Revenue | $243 million (2022) |
Balsu Gida Sanayi ve Ticaret A.S. is a producer, processor and exporter of hazelnuts and its derivatives. Its headquarters is located in Istanbul's Beykoz district.[1]
History
[edit]Its history dates back to 1979, when its founder Cuneyd Zapsu established a company which supplied hazelnuts from Turkey to international markets.[2][3] The modern company was founded in 1984 as a privately held business based in Istanbul.[4] Balsu is reaching global markets through its affiliates: Balsu Europe GmbH in Germany, Balsu USA Inc in Florida, USA; and Balsu Asia in Hong-Kong.
Production
[edit]Today the company is one of the main hazelnut producers in Turkey. Its factory in Sakarya is able to process about 55,000 tons of hazelnuts annually.[5] It is also a leading exporter of hazelnuts to the global market.[6] Its client companies include Ritter Sport, Ferrero[2] and Nestlé. Balsu created a program to enhance the labor standards in the hazelnut industry in Turkey together with Nestlé and Olam International .[7][8]
References
[edit]- ^ "Balsu Gida Sanayi Ve Ticaret AS - Company Profile and News". Bloomberg.com. Retrieved 2020-08-28.
- ^ a b "BALSU - HISTORY". www.balsugida.com. Retrieved 2020-08-28.
- ^ "BALSU - FOUNDER'S LETTER". www.balsugida.com. Retrieved 2020-08-28.
- ^ "BALSU - GROUP". www.balsugida.com. Retrieved 2020-08-28.
- ^ "Top 5 Vendors in the Hazelnut Market From 2017 to 2021: Technavio". www.businesswire.com. 2017-05-04. Retrieved 2020-08-28.
- ^ Markets, Research and. "Research and Markets - Global Hazelnut Market 2017-2021 - Key Vendors are Balsu Gida, Chelmer Foods, Kanegrade, Olam International & Oregon Hazelnuts". www.prnewswire.com. Retrieved 2020-08-28.
- ^ "Hazelnuts". Nestlé Global. Retrieved 2020-08-28.
- ^ "2017 Assessments of Shared Hazelnut Supply Chain in Turkey: Nestle, Balsu, and Olam | Fair Labor Association". www.fairlabor.org. Retrieved 2020-08-28.
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