73-year-old food brand facing difficult times

It has been stated that Konya Şeker, one of Turkey's food giants, is facing economic difficulties due to its multi-billion lira debt to the Turkish Coal Enterprises (TKİ). It was also noted that the suspension of production at the Soma Thermal Power Plant is on the agenda.

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As rising inflation in Turkey rapidly increases corporate costs, the effects of the economic crisis are being felt more and more. A new name may be added to the increasing number of bankruptcy and concordat processes in recent years.

It has been alleged that the debt of Konya Şeker, one of Turkey's leading food producers, to the Turkish Coal Enterprises (TKİ) has exceeded 11 billion TL. It is stated that the company, which has entered a financial bottleneck, may stop electricity production at the Soma Thermal Power Plant it operates.

ELECTRICITY PRODUCTION AT RISK

According to information shared by journalist Olcay Aydilek on social media, Konya Şeker's coal debt to TKİ has reached the 11-12 billion TL level. It is reported that the company, which is experiencing major difficulties due to its debt burden, is planning to stop production at the Soma Thermal Power Plant.

Founded in 1952 and operating under the umbrella of Anadolu Birlik Holding, Konya Şeker is known as one of Turkey's most deep-rooted food brands.

News Source: 12punto