# Turkish sugar market restructuring and expansion > Live situation record from CLSTR: https://clstr.news/situations/turkish-sugar-market-restructuring-and-expansion > Updated: 2026-09-14T17:06:00.000Z. Sources: 3. Developments: 2. The Turkish sugar market has undergone significant shifts involving competition and corporate restructuring. Initially, state-owned Türkşeker’s decision to offer six-month deferred payment terms triggered a competitive response from private firms İşmen Gıda and Remzi Çakar, who offered similar terms at lower prices. During this period, Bor Şeker (BORSK) faced financial difficulties, reporting a net loss of 282.2 million lira for the April-June 2026 period, leading the company to approve a 250 million lira share buyback program to stabilize its stock price. Following these financial challenges, Bor Şeker expanded its market position by acquiring a 99.584% stake in the Adapazarı Sugar Factory from Yıldız Holding for $50 million. This acquisition doubled Bor Şeker’s share of Turkey’s total sugar production quota from roughly 2.5% to 5%. As part of this transition, sugar beets grown in the Adapazarı region are expected to be transported to Bor Şeker’s Niğde factory for processing rather than being processed locally, a move driven by shrinking cultivation areas and low sugar content in local crops. ## Timeline ### 2026-09-14: Bor Şeker acquires Adapazarı Sugar Factory for $50 million Bor Şeker acquired Adapazarı Sugar Factory from Yıldız Holding for $50 million, planning to transport 120,000 tons of local sugar beets to Niğde for processing due to low sugar content in the region. 2 sources. https://clstr.news/cluster/bor-eker-acquires-adapazar-sugar-factory-for-50-million ### 2026-09-06: Turkish sugar market sees increased competition and corporate restructuring Turkish sugar market competition intensifies as private firms challenge Türkşeker's pricing, while Bor Şeker launches a 250 million lira share buyback to stabilize its stock price. 2 sources. https://clstr.news/cluster/turkish-sugar-market-sees-increased-competition-and-corporate-restructuring --- Cite as: Turkish sugar market restructuring and expansion. CLSTR, https://clstr.news/situations/turkish-sugar-market-restructuring-and-expansion