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Doruk Un’s Chairman and CEO Gürsel Erbap announced that the company’s revenue for 2023 reached 8.14 billion TL, marking a 100% increase compared to the previous year, while in dollar terms, it achieved a 35% growth to 329 million dollars. The company plans to continue its growth trajectory in 2024 by making significant investments.
Erbap highlighted that the PanPan brand has introduced healthy flours to consumers, with plans for over a 50% increase in domestic market tonnage this year. He also set a growth target of 30% for 2024 and mentioned plans to invest in expanding factory silo capacities.
Emphasizing their entry into the retail market with the PanPan brand, Erbap aims for growth in the packaged flour category and plans to achieve an annual production capacity of 50,000 tons within five years. Additionally, the company intends to expand in the agriculture sector with certified seeds, connecting various seeds with producers.
Lastly, Erbap stated that they will invest in various agricultural projects to enhance wheat yield in Turkey, aiming to maintain their leadership in the sector by prioritizing growth over profit.
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Source: Tarım Haberleri
John Peterson graduated with a degree in Agricultural Sciences from Wageningen University in the Netherlands. His specialization is in sustainable crop production and soil health management. John is passionate about integrating modern technology with traditional farming methods to enhance productivity while preserving the environment. He currently works as a consultant, helping farmers adopt sustainable practices.
