10/16/2009

Hungarian spice company eyes Turkish market

Hurriyet Daily News - Kotanyi GmbH, a Hungary-based spice company, has announced plans to enter the Turkish market. “Turkey ranks among the top three challenging markets in Central and Eastern Europe with its high growth potential”, Erwin Kotanyi, CEO of Kotanyi GmbH, said during a press conference held in Istanbul on Wednesday. “The total value of Turkey’s packaged spice market is EUR 75 million. We are aiming to grab a 15-20 percent share in this market”, Kotanyi noted.

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