Balsu

Balsu

Traded as	Balsu Gıda Sanayi ve Ticaret A.S.
Founded	1979
Founder	Cuneyd Zapsu
Headquarters	Istanbul , Turkey
Area served	Worldwide
Products	Hazelnuts
Revenue	372 million USD (2024)

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

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 1985 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 Portland 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. ^[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

1. "Balsu Gida Sanayi Ve Ticaret AS - Company Profile and News". Bloomberg.com. Retrieved 2020-08-28.
2. "BALSU - HISTORY". www.balsugida.com. Archived from the original on 2023-12-01. 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.