Ulker Biskuvi Sanayi : Turkish food group Yildiz's UK unit sets growth target
March 13, 2017 at 06:04 am EDT
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LONDON (Reuters) - Pladis, the UK-based biscuit and chocolate company owned by Turkey's Yildiz Holdings, set out a growth plan on Monday that would see it dramatically increase sales over the next two years.
The maker of McVitie's biscuits said it is targeting revenue of 3.2 billion pounds in the next two years, up from 2.2 billion pounds in 2016. It said it plans to double chocolate sales and increase biscuit sales by 50 percent.
Pladis said it planned to do this by creating new products, expanding in new regions and investing in research and development and talent.
Pladis is owned by Yildiz, which also owns Ulker Biskuvi . The company was launched last year when Yildiz brought together its Godiva, Ulker, United Biscuits and DeMet's Candy businesses into one unit.
(Reporting by Martinne Geller; editing by Jason Neely)
Ulker Biskuvi Sanayi AS, formerly Ulker Gida Sanayi ve Ticaret AS, is a Turkey-based food manufacturer, specializing in cookies, crackers, chocolate covered cookies and wafers. The Company offers products under such brand names, Potibor, Cizi, Krispi, Haylayf, Mavi Yesil, Hanimeller, Bebe Biscuits, Biskrem, Krim Kraker, Probis, Cokoprens, As Kraker, Basak, Ikram and Canpare, among many others. Ulker Biskuvi Sanayi AS 's products are mainly exported to the Middle East, Russia and Central Asian Republics, as well as to Europe. The Companyâs subsidiaries include Istanbul Gida Dis Ticaret AS, Atlas Gida Pazarlama Sanayi ve Ticaret AS, Birlesik Dis Ticaret AS, Ulker Cikolata Sanayi AS, Reform Gida Pazarlama Sanayi ve Ticaret AS and Sabourne Investments Ltd.