Two major Turkish companies move operations from Poland to Egypt

Turkish food giant Kervan Gida has announced the sale of one real estate property and two production facilities in Poland, joining Koc Holding in a strategic shift toward Egypt.

In a statement to the Public Disclosure Platform (KAP), the company confirmed the completion of the sales agreement on Jan. 3, 2025. This follows a preliminary agreement signed on Sept. 13, 2024, for the sale of facilities located in three different Polish cities, including a property in the Brzeg region and two production lines.

Kervan Gida, which entered the Polish market in 2021 by acquiring a majority stake in leading soft candy producer ZPC Otmuchow and its subsidiary PWC Odra, now plans to focus its investments on Egypt, according to business-focused dunya.com.

Moving operations to Egypt

Meanwhile, Koc Holding’s Arcelik, another major Turkish investor, announced last year that it would close its operations in Poland. The company is set to cease production by March 2025, impacting 1,800 employees, who will receive severance and notification payments. Arcelik has already begun production in Egypt, following a $100 million investment.

Similarly, Kervan Gida revealed in August that it had expanded its operations in Egypt by adding a second production line. The company also plans to relocate a portion of its labor-intensive product manufacturing, currently carried out in Türkiye, to its facilities in Egypt.

This shift underscores the growing interest of Turkish companies in the Egyptian market, driven by favorable economic conditions and strategic opportunities in the region.