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  • SODRUGESTVO LAUNCHES ITS SUBSIDIARY IN TURKEY

    1 February 2016

    New Entity to Provide Expanded Presence in Turkish Market for Global Agro-Industrial Group

    LUXEMBOURG, February 1, 2016 the Luxembourg based Group of Companies Sodrugestvo has opened a new subsidiary Sodrugestvo Turkey Tarim Taşimacilik Ithalat Ihracat Ticaret A.Ş. (Sodrugestvo Turkey), which will considerably strengthen Sodrugestvo presence and development in the Middle East.

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    Mr. Ersin Esen has been appointed as the Director of Sodrugestvo Turkey.

    Turkey is a quickly growing soybean market and an important region for Sodrugestvo. Sodrugestvo Turkey team, uniting the best local industry experts and the international experience of the Group, will serve to strengthen our destination position, said Aleksandr Lutsenko, CEO of Sodrugestvo Group. As we continue to look for new strategic growth opportunities both geographically and in terms of our product and service offerings it is fitting that we expand our presence in one of the most dynamic markets in Eurasia.

    In the first year of operation Sodrugestvo Turkey will focus on establishment of trading flows for both soybeans and soybean oil and meal with its business partners, including the most reputable local and international industry players.

    Half a year ago we decided to develop our presence in Turkey both for the destination and crushing of soybeans and other commodities, and to achieve access to one of the most dynamic markets in the region, continued Mr. Lutsenko. We have finalized the preparatory groundwork within a short period of time and we are confident that we will be able to establish a strong presence in Turkey already in 2016. Sodrugestvo is proud to have been selected by a number of reputable Turkish customers as their supplier.

    Mr. Ersin Esen echoes: For me and my colleagues it is a great opportunity and honor to be a part of an international team, which shall bring a further professional growth for our employees and benefits for our local partners. Turkey will benefit from investments, high quality products being delivered directly from Sodrugestvo ports, origination and crushing facilities. Sodrugestvo Turkey with its office in Istanbul will definitely play a key role in this segment. For us it will be challenging, but interesting times.

    About Sodrugestvo Group
    Sodrugestvo Group (www.sodrugestvo.com), founded in 1994, is a rapidly growing agro-industrial company serving global markets. The company is vertically integrated with four business units - processing facilities (for the production of proteins and oils from vegetal and animal commodities), trading of agricultural commodities, specialized infrastructure (including deep-water sea ports) and logistics (including railcars and storage facilities). In its last fiscal year Sodrugestvo reached consolidated sales of ca. $2.5 billion and crushed almost 3 million tons of soybeans and rapeseed, making it a leading player in Northern, Central and Eastern Europe. The company is also expanding into commodities trading, direct origination capabilities, logistics and ports in South America. Headquartered in Luxembourg, the company has more than 30 facilities located in some 20 countries including Brazil, Paraguay, Russia, Denmark, the United States, Turkey and several Eastern European nations. Sodrugestvo employs around 2500 employees worldwide.

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