The investment target is set at $100 million
Taban Gıda, one of the Turkish subsidiaries of Switzerland-based Vivalon AG, is the leader in the wheat supply market with a %20 share.
The company has set an investment target of $100 million in the next three years. Adding two dry cargo ships to its fleet, the company will invest in silos and a flour factory.
Taban Gıda, the private sector leader in the wheat supply market with a market share of %20 in Türkiye and among the top 200 in the “Türkiye’s 500 Biggest Companies” rankings, is preparing to make an investment rush.
The company has recently added two dry cargo ships to their fleet. In addition, it has set an investment target of 100 million dollars in the next three years.
The main body of the investments will be new silo and flour factory investments. With these investments, the company aims to strengthen their supply chain spanning the Asian, African, European, and American markets.
3 BILLION TL TURNOVER TARGET
Taban Gıda reached a turnover of 2.5 billion TL last year and aimed to end this year with 3 billion TL. With production and logistics investments that will support the supply chain in the next three years, the company aims to increase its market share in the product group that includes a variety of feed raw materials such as soybean and sunflower meal, barley, corn and wheat bran, in addition to wheat.
Hasan Hacıhaliloğlu, CEO of Taban Gıda, said, “We aim to reach our strategy of increasing our volume faster. We are planning to purchase two more ships very soon. We direct our earnings to investments; this is the only way to become a global player,” he said.
Taban Gıda gets %34 in Karasu, %26 in Iskenderun, %21 in Bandırma, %18 in Tekirdağ and %14 in Samsun Port, among the ports where high tonnage trade is conducted in Türkiye.
Hasan Hacıhaliloğlu emphasizes that Taban Gıda, which leases high storage capacity in many ports of Türkiye, will establish its silos that will reach a storage capacity of 100 thousand tons in two years.
LOOKING FOR A FLOUR FACTORY
The pandemic has increased the stock-holding capacity of countries, especially in agricultural commodities. Wheat has been the key product of last year and this year. Countries like China, which is in first place in production, started to stockpile more. China, India and Russia share the world’s top three in wheat production, while Türkiye’s average production is 15 million tons. “We have been among the top exporting countries in flour since 2005,” said Taban Gıda CEO Hasan Hacıhaliloğlu and informed that they have started feasibility studies for a flour factory investment with one capacity of thousand tons/day in Türkiye and abroad.
Hacıhaliloğlu, “In the past, we were self-sufficient in wheat production as a country. We only bought the wheat necessary for export from abroad. There is currently an import requirement. Grain must be imported first and then exported,” he said.
DEMAND FOR WHEAT INCREASED DURING THE PANDEMIC
Wheat is essential because it is the raw material of the most basic nutrients. According to the projections of the US Department of Agriculture (USDA) for the June 2021/2022 harvest season, 28% of the world’s total grain production is wheat production, which is 2.8 billion tons, while wheat exports constitute %41 of the world’s total grain exports, which is 464 million tons. Furthermore, according to Türkiye’s data, domestic use of wheat is 20 million tons as of 2019/20.