Miller Magazine Issue 109 / January 2019

64 INTERVIEW MILLER / JANUARY 2019 Interwiev: Mustafa YAĞMURLU Cem Oğuz Kırtız General Manager of Halim Kırtız Food Industry “We think of acquisition or having a foreign partner, and this issue – acqu- isition or foreign partner - has been always on our agenda. We talk with our friends inside and outside of the sector about acquisition or having a lo- cal or foreign partner. In our industry, the idle capacity is more than 50 per- cent. In fact, the figure reveals the fact that how much we are away from productivity – a golden rule in current economies. The fact that local compa- nies do not have a corparate structure and are family-companies makes mer- ger and acquisition difficult. Nonethe- less, as time goes by and competition condition hardens, I believe that com- panies will move to think of merger or acquisition economically.” “Mergers in flour industry are inevitable because of fierce competition”