Sunday, January 2, 2011

Turkish catering company Yemekçi opens to the Mideast

Employing nearly 5,000 people, Yemekçi has customers from different sectors in 50 provinces of Turkey. Hürriyet photo

Employing nearly 5,000 people, Yemekçi has customers from different sectors in 50 provinces of Turkey. Hürriyet photo
Yemekçi, a leading company in Turkey’s catering sector, is preparing to expand abroad.
Yemekçi has received partnership offers from regional countries, according to Barbaros Bulutoğlu, a board member. “Talks are ongoing with a company from Saudi Arabia. They have especially focused on our expertise in hospital catering,” Bulutoğlu said.
In cooperation with this unnamed Saudi company, Yemekçi will be able to offer food services at hospitals in Saudi Arabia. “We expect the agreement to be finalized this year,” Bulutoğlu said.
The company aims to expand to Persian Gulf countries after Saudi Arabia. “Our aim is to contribute to Turkey’s exports by using the necessary ingredients from Turkey.”
The agreement, if signed, is expected to bring in $35-$40 million in business volume. “We plan to work with our own staff. We will be the first company in Turkey to export large-scale food service.”
Serving the biggest companies
Employing nearly 5,000 people, Yemekçi has customers from different sectors in 50 provinces of Turkey, said Levent Bulutoğlu, another board member. “We offer services to 120 out of Turkey’s 500 biggest big companies. In total, we offer services to 250 companies. Our company works with universities, colleges, the military, municipalities, hospitals and big companies.”
The annual turnover of Yemekçi is nearly $200 million, according to Levent Bulutoğlu, who predicts the annual volume of the Turkish catering sector to be at $5 billion.
The larger food services sector has been affected by the global crisis and contracted 40 percent last year, according to Atalay Bulutoğlu, another Yemekçi board member. “Some of the companies have shut down. Some of them had to lay off employees and some trimmed food variety. But now we see that the negative impacts of the crisis have been overcome.”
“We aim to grow by 25 percent in 2011,” Atalay Bulutoğlu said. “In the new year, we can see new players and foreign investors in the market.”
Lunch positively affects the happiness of employees, according to board member Nazlı Bulutoğlu. “We have organized a different department for each sector we offer services to. We have different teams for educational institutions, hospitals and companies. We especially have expertise in hospital food services,” she said.
The most important cost in food is red meat, accounting for 55 percent of their food costs, Barbaros Bulutoğlu said, adding that meat prices have been increasing since July 2009. “In the past 16 months, prices have doubled,” he said. “There are speculators in the market. We should see how red meat prices are shaped and by whom. Thanks to red meat imports, the problem has been overcome. We are also importing.”

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