Balsu

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]

Balsu
Balsu Gıda Sanayi ve Ticaret A.S.
Founded1979
FounderCuneyd Zapsu
Headquarters
Istanbul
,
Turkey
Area served
Worldwide
ProductsHazelnuts

History

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

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 and [6] to its clients count companies like Ritter Sport, Ferrero[2] or Nestlé. Balsu created together with Nestlé and Olam International a program to enhance the labor standards in the hazelnut industry in Turkey.[7][8]

References
  1. "Balsu Gida Sanayi Ve Ticaret AS - Company Profile and News". Bloomberg.com. Retrieved 2020-08-28.
  2. "BALSU - HISTORY". www.balsugida.com. Retrieved 2020-08-28.
  3. "BALSU - FOUNDER'S LETTER". www.balsugida.com. Retrieved 2020-08-28.
  4. "BALSU - GROUP". www.balsugida.com. Retrieved 2020-08-28.
  5. "Top 5 Vendors in the Hazelnut Market From 2017 to 2021: Technavio". www.businesswire.com. 2017-05-04. Retrieved 2020-08-28.
  6. 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.
  7. "Hazelnuts". Nestlé Global. Retrieved 2020-08-28.
  8. "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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