Ülker
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| Type | Anonim Şirket |
|---|---|
| Traded as | ISE: ULKER.E |
| Industry | Food Processing |
| Founded | (1944) |
| Headquarters | Istanbul, Turkey |
| Key people | Murat Ülker, (Chairman) |
| Revenue |  US$ 820.2 Million (2010) |
| Operating income |  US$ 99.5 Million (2010) |
| Owner(s) | Yıldız Holding |
| Website | www.ulkerbiscuvi.com.tr |
Ülker (ISE: ULKER.E) is a major Turkish manufacturer of food products, which are exported internationally, to 110 countries.[1]
The company's core products are cookies, crackers, and chocolates, although Ülker has expanded to other product categories. One of its newer products is Cola Turka, introduced in the Turkish market in 2003. The advertisement of Cola Turka featured actor Chevy Chase and according to local sources Coca-Cola cut 10% off its prices due to the success of the Cola Turka launch[1].
Ülker received the "Candy Company of the Year in Europe" award from the European Candy Kettle Club in 2004.[2] In December 2007 the company agreed to acquire Godiva Chocolatier from Campbell Soup Co. for $850 million.[3]
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[edit] History
Ülker was founded in 1944 by Sabri Ülker, commencing operations in Istanbul as a small bakery. A factory was opened in 1948. Ülker expanded in the 1970s to exporting to the Middle East market, chocolate manufacturing, and packaging. By the end of the 20th century, Ülker was manufacturing margarine, vegetable oil and dairy products. In 2002, Ülker diversified into carbonated beverages, and in 2003, added Turkish coffee, ice cream and baby food to its product range.[citation needed]
The company employs more than 11,000 people and was the 5th on the list of the most successful[weasel words] manufacturers in Turkey in 2001[citation needed], while Coca Cola dropped back to ninth. Ülker sales reach $1.5 billion internationally[4].
[edit] Ülker Group
This Group[clarification needed] of the Ülker Group[clarification needed] focuses on the production, sales and marketing of the Ülker branded food products. The categories included are chocolates, bars, biscuits, wafers, confectionaries, chewing gums, baby food, baby diapers and personal care. This is the largest business area of the Ülker Group.
Note: Ülker Group is a Group of Yıldız Holding [5]
[edit] See also
[edit] References
[edit] External links
- Official website
- (Turkish) Moody's rating raised
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