was established in 1989 to manufacture, trade, import and export all kinds of foodstuffs such as flour, semolina, pasta and biscuits made of cereals and pulses.
The total wheat processing capacity of our group reached 4,415 tons/day with 2,088 tons/day at our 50th Year factory operating in Samsun Gıda Organized Industrial Zone, 383 tons/day at Çorlu Tekirdağ production facilities, 640 tons/day at the Söke factory owned by our Söke Milling company, 841 tons/day at the Ankara factory and 463 tons/day at the Antakya factory, which was 275 tons/day when it was acquired, as a result of revisions and capacity increases.
Ulusoy Flour started exporting in 1995 and has exported flour to 107 countries to date. In 2023, it realized approximately 10% of the sector's exports in Turkey.
In 2023, our company was again included in the TIM 1000 list with its success in exports. With exports of 127.3 million dollars in 2023, it rose 37 places in the list compared to 2022 and became Turkey's 210th largest exporter and the 13th largest exporter of the cereals, pulses, oil seeds and products sector. Our company was also recognized as the largest exporter in the flour sector according to the TIM1000 list.
In the ISO 500 list, where Turkey's Top 500 Largest Industrial Enterprises are determined, our Company ranked 243rd in the ranking of sales figures from production in 2023, rising 30 places compared to the previous year. According to net sales figures, our company ranked 51st and ranked 1st in Samsun.
Ulusoy Flour, which has been included in the Fortune500 list, one of the world's most respected institutions where Turkey's 500 largest companies are determined, has become the 57th largest company in Turkey with net sales of 39 billion 660 million TL in 2023. Ranked 69th in 2022, Ulusoy Flour increased its net sales by 51 percent and rose 12 places in the list. Ranked 2nd among Turkey's agricultural, grain, dairy, meat and aquaculture companies, Ulusoy Flour continued to be the leading company in the flour sector. Ulusoy Flour, the 18th largest exporter in Turkey, became the largest company in Samsun.
On March 28, 2013, the Company acquired a 17% stake in SASBAŞ Samsun Free Zone Founder and Operator Inc. With this investment, Ulusoy Flour participated in Samsun Free Zone, one of the most strategic points in the Black Sea Region, which has the warehousing and logistics infrastructure needed for the development of transit trade abroad, and had a significant efficiency in its management.
On 20.11.2014, Ulusoy Flour went public and its shares started to be traded on Borsa Istanbul. On 27.02.2015, with Ulidas Agricultural Products Licensed Warehousing Joint Stock Company, which was established as a 100% subsidiary of our company, we invested in the Licensed Warehousing system, which we can consider as the future of the agricultural sector.
Currently 42,000 tons in Çorum / Alaca, 67,000 tons Yozgat / Sorgun, 60,000 tons Kırıkkale / Çerikli and In Aydın / Germencik, which is approximately 20 km. away from our Söke Milling facilities, 18,500 tons With a total capacity of 187,450 tons in 4 regions, Licensed Warehousing continues its activities.
On 15.03.2018, our subsidiary named ROLWEG S.A. was established in Geneva, Switzerland with 100% of its capital owned by Ulusoy Flour Industry and Trade Inc.
On 18.09.2019, Alfaway Gıda Sanayi ve Ticaret A.Ş. was established with 100% of its capital owned by Ulusoy Flour Industry and Trade Inc.
All shares of Söke Milling Industry and Trade Joint Stock Company(Söke Flour) were acquired by our company on 11.01.2022.
In 2023, Söke Milling shares, which were offered to the public in Borsa Istanbul, started to be traded as a result of a record demand of 118 times and became the second publicly traded company in the sector after Ulusoy Flour.
Ulusoy Asset and Industry Real Estate Investments Trading joint stock Company and Ulusoy Un Industry and Trade Joint Stock Company were established in 2023 as a result of the transfer of 100% of Ulusoy Flour Industry and Trade Inc. through partial spin-off in order to make more effective use of some of the real estates registered in our company's assets.
In 2024, Edel Food and Agriculture Limited and Agromark Trading Commodities Limited, both 100% owned by Ulusoy Flour Industry and Trade Inc., were established in Malta to increase our effectiveness in international trade.
We are the leader of the Turkish flour market with an annual sales of 760 thousand tons.
OUR SUBSIDIARIES AND PARTICIPATIONS
SÖKE
Söke Milling entered the sector in 1963 with the production and sale of flour and flour mixtures. As one of the brands offering a wide product portfolio to consumers, the Company has 60 years of experience in the sector. The Company has foreseen the importance of logistics opportunities in the food sector in which it operates and has established 2 different production facilities in 2 different regions of Turkey, following a strategy to position its production facilities with logistical advantages. Accordingly, the Company manufactures flour and flour mixtures in Aydın-Söke Factory, which is located on an area of 51,674 square meters, 19,356 square meters of which is closed, and Ankara-Sincan Factory, which is located on an area of 22,994 square meters, 7,638 square meters of which is closed. In 2022, Söke Milling became a 100% subsidiary of Ulusoy Flour Industry and Trade Inc. As of 31.12.2023, Söke Milling has 372 employees.
The Head Office is located in Aydın province. With a wheat crushing capacity of 800 tons per day in Ankara and 640 tons per day in Söke, Söke crushes 1440 tons of wheat per day and produces flour suitable for the needs. In 2023, Söke Milling shares, which were offered to the public in Borsa Istanbul, started to be traded as a result of a record demand of 118 times, paving the way for new public offerings as the second publicly traded company in the sector. As of 22.09.2023, Söke Milling participated in the capital increase of RudiS Organic and Gluten Free Brands Inc. by 12.65%. Gen Oyuncak San. ve Tic. A.Ş. on March 29, 2023 and became the controlling shareholder.
A lease agreement was signed for the production facility with a total area of 6,955 m2 and a closed area of 4,100 m2 in Samsun Tekkeköy address in order to increase product diversity in the market and to produce Söke Milling branded and private label cookies for the Company's bakery products production facility investment. The installation process of the Company's Solar Power Plant with a total power of 11,000 kW on an area of 153,539 m2 in Konya/Ilgın was completed and the facility was ready for operation and started production in March 2024.
ROLWEG S.A. was established in March 2018 at Rue du Nant 6, 1207 Geneva, Geneva, Switzerland, with a capital of CHF 1,000,000, 100% of which is owned by Ulusoy Flour Industry and Trade Inc.
The fact that Switzerland is a location where international raw material trade is predominantly managed and in addition, more than 60% of the financing of oil, grain products and all kinds of raw material trade is carried out in Switzerland, the existence of a trade-supportive economic environment and stability in Switzerland, financing alternatives in the Swiss banking system, ease of access to capital markets, etc. ROLWEG S.A. was established in March 2018 at Rue du Nant 6, 1207 Geneva, Geneva, Switzerland, with a capital of CHF 1,000,000, 100% of which belongs to Ulusoy Flour Industry and Trade Inc. ROLWEG S.A. was established in March 2018 in order for our company to be more competitive in international markets, to be a more effective player in these markets, to gain advantages in access to raw materials and to benefit from the cost advantages that will occur while accessing raw materials. With the decision of the Board of Directors dated 11.08.2023, the company capital was increased to CHF 20,000,000.
Alfaway Food Ind. and Tra. Inc. carries out its sales and distribution activities with sales regions and sales specialists spread across all geographical regions of our country and manages its customers in a customer-oriented manner in Traditional, Industrial and EDT categories by categorizing them according to their capacity, potential and production types.
Alfaway Food Ind. and Tra. Inc. was established on 24.09.2019 as a 100% subsidiary of Ulusoy Flour Industry and Trade Inc. with the aim of becoming the leading sales distribution company in the sector by supplying raw material inputs of bakery product manufacturers in the Turkish domestic market and started its activities as of 01.11.2019.
Ulusoy Flour Industry and Trade Inc. is the sole authorized sales and distribution company of all products produced in its production facilities in accordance with domestic market demands, and continues its commercial product supply activities in other product groups demanded by its customers and not in Ulusoy Flour production portfolio.
Alfaway Food Ind. and Tra. Inc., which carries out its sales and distribution activities with sales regions and sales experts spread across all geographical regions of our country, manages its customers in a customer-oriented manner in Traditional, Industrial and EDT categories by categorizing them according to their capacity, potential and production types.
Alfaway Food Ind. and Tra. Inc., which strictly adheres to its mission and goals and carries out its activities focused on customer satisfaction and continuity, continues its growth strategy by taking the fastest action against all the difficulties and competitive conditions created by global economic fluctuations, and continues to progress by keeping all its processes under end-to-end control to ensure the sustainability of its goals and model.
As of 31.12.2023, the number of employees is 77 and the company capital was increased to TL 40,000,000 on 25.04.2023.
ULIDAS AGRICULTURAL PRODUCTS LICENSED STORAGE IND. AND TRA. INC.
Ulidas Agricultural Products Licensed Storage Ind. and Tra. Inc. merged with its 100% subsidiary GK Tarım Ürünleri Lisanslı Depoculuk A.Ş. on 09.12.2022.
As a company, our first licensed warehouse was put into operation in Çorum/Alaca with a capacity of 23,340 tons. In the same year, the capacity was increased and our Alaca Branch license was increased to 41,950 tons. In Yozgat/Sorgun district, storage facilities with a capacity of 67,000 tons leased from Ulusoy Flour Industry and Trade Inc. were licensed and started operations in the 2019 harvest period.
The shares of GK Agricultural Products Licensed Storage Ind. and Tra. Inc. operating in Kırıkkale/Çerikli region with a capacity of 60,000 tons were taken over in 2020. Wheat, barley, chickpea and sunflower seed products can be stored in our Alaca, Sorgun and Çerikli Branches. Our Pulses Screening and Packaging facility, which was built by our Company using the latest technology within our Sorgun facilities for the purpose of Screening and Packaging of Grains, Pulses and Oil Seeds, was put into operation at the beginning of 2022 and put into the service of our producers. As of 31.12.2023, the number of personnel employed is 32.
Ulidas Agricultural Products Licensed Storage Ind. and Tra. Inc. merged on 09.12.2022 by taking over GK Agricultural Products Licensed Storage Ind. and Tra. Inc., a 100% subsidiary.
Our Company's "Solar Power Plant Investment Project" was completed with a capacity of 153.90 KWh in Sorgun Branch and 779.35 KWh in Çerikli Branch in May. In the 2023 Threshing Period, 16,000 tons of products were purchased on behalf of TMO. After the merger with Çerikli Branch, the number of branches increased from 3 to 4 with the acquisition of Germencik/AYDIN facility and our total installed capacity reached 187,450 tons. During the period, the Company's paid-in capital increased to TL 300,000,000.
