Balsu

Balsu Gida Sanayi ve Ticaret A.S. is a producer and exporter of hazelnuts and its derivatives. Its seat is in the Beykoz district in Istanbul.[1]

Balsu
Balsu Gida Sanayi ve Ticaret A.S.
Founded1984
FounderCüneid Zapsu
Headquarters
Istanbul
,
Turkey
Area served
Worldwide
ProductsHazelnuts

History

Its history dates back to 1978, as its founder Cüneid Zapsu established a company which supplied hazelnuts from Turkey to the German market.[2][3] The modern company was founded in 1984 as a privately held business based in Istanbul.[4] In 1993 it established a branch in the United States, with its seat at the Bay Harbor Islands, Miami.[5]

Production

Today the company is one of the main hazelnut producers in Turkey, its factory in Sakarya is able to process about 35'000 tons of hazelnuts per year.[6] It is also a leading exporter of hazelnuts to the global market and [7]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.[8][9]

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. "Dun and Bradstreet, Balsu". Dun & Bradstreet. Retrieved 28 July 2020.
  6. "Top 5 Vendors in the Hazelnut Market From 2017 to 2021: Technavio". www.businesswire.com. 2017-05-04. Retrieved 2020-08-28.
  7. 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.
  8. "Hazelnuts". Nestlé Global. Retrieved 2020-08-28.
  9. "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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