Turkey: Pine nut producer reached $ 30 million in exports by growing business with the support from the state

Published 2021년 3월 27일

Tridge summary

Serkan Karatosun, a pine nut producer in Turkey, expanded his business with the help of a 1 million 200 thousand liras grant from the state, increasing his annual export figure to $30 million. The grant allowed him to expand his facility and increase production capacity from 70 tons to 350 tons. Karatosun started exporting in 2015 and sends 300 tons of his products to the foreign market annually. He emphasized the importance of support for business development and the difficulty of producing pine nuts, with the product having a 36-month formation period and a wholesale price per kilogram varying between $500-550.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Serkan Karatosun, who produces pine nuts in Aydın's Koçarlı district, expanded his business with the support of 1 million 200 thousand liras from the state and reached an annual export figure of 30 million dollars. Serkan Karatosun, the third generation representative of the business, applied to the Agriculture and Rural Development Support Institution (ARDSI) in 2014 to expand its thousand square meter facility. A grant of 1 million 200 thousand liras was given to Karatosun, whose project was accepted. With the support it received, Karatosun, which acquired machinery equipment by establishing a facility with a closed area of 4 thousand square meters in one year, increased its production capacity from 70 tons to 350 tons. Karatosun, which also conducts researches to send products abroad, started exporting in 2015. Karatosun sends 300 tons of its products to the foreign market and the remaining part to companies in the domestic market. "We renewed both our equipment and ourselves," ...
Source: Sondakika

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