Kervan Gıda Enters List of Turkey's Top 500 Industrial Enterprises

Kervan Gıda, soft confectionery producer, achieved inclusion on the Istanbul Chamber of Industry (İSO), "Turkey's 500 Largest Industrial Enterprises (İSO 500) list. Kervan Gıda General Manager Burhan Başar stated that being included in the İSO 500 following the energy generated by the public offering represents a major motivation for both Kervan Gıda and its stakeholders. Kervan Gıda, a soft confectionery producer exporting to 85 countries, entered the Istanbul Chamber of Industry (İSO), "Turkey's 500 Largest Industrial Enterprises (İSO 500) list at rank 424. In 2020, Kervan Gıda ranked second on the Istanbul Chamber of Industry's "Turkey's 500 Largest Industrial Enterprises for 2019" list. The company advanced 78 positions on this year's list, securing a place among the country's top 500 industrial enterprises. Kervan Gıda General Manager Burhan Başar stated they were confident their 2020 performance would yield such a result, and that despite expectations, being included on Turkey's list of the first 500 industrial enterprises created great excitement for all company employees and stakeholders. Başar said that with this momentum, they planned for 2021 to be a year in which all strategic objectives were achieved.

2020 performance drove entry into the top 500

Kervan Gıda's consolidated sales revenue exceeded TRY 1 billion in 2020. This figure corresponded to approximately 47% growth compared to the previous year. The company's exports during the same period reached USD 86 million on a dollar basis. This figure represented a 59.7% share of total sales. Ranking eighth globally in its category by revenue, Kervan Gıda's medium-term objective is to establish itself among the world's top five soft confectionery producers.

Public offering accelerated international investments

In December 2020, Kervan Gıda completed its public offering process with great success, entering the portfolios of approximately 270,000 investors. The company aimed to direct 55% of public offering proceeds toward global market investments. In line with these objectives, Kervan Gıda acquired a majority stake in ZPC Otmuchów, a leading Polish soft confectionery producer, and its subsidiary PWC Odra. Through this acquisition, the company increased its annual production capacity from 72,300 tons by approximately 52%. Burhan Başar noted that this move brought advantages such as benefiting from European Union tax incentives through a production facility in Europe, diversifying income sources, and increasing global brand awareness. He stated that they planned to capture significant regional synergies in soft confectionery production and sales through ZPC Otmuchów and PWC Odra's production capacity, distribution channels, and existing customer portfolio.

"We will expand our value-adding production model globally"

Burhan Başar emphasized that being among Turkey's first 500 manufacturers held value beyond production capacity, revenue, or export figures, stating that operating a business that adds value to human life was among Kervan Gıda's priorities. Başar said: "We work every day toward greater goals with a mindset of serving the public, aiming to be an innovative food company that provides products consumers can safely consume. Our Research and Development Center, which has been operating intensively since 2018, carries out numerous pioneering initiatives such as functional, vegan, reduced-sugar, prebiotic, vitamin C-enriched, and multivitamin products." For information about Kervan Gıda: www.kervangida.com