Turkish court grants Barem Ambalaj one-year debt moratorium
An İzmir commercial court has granted Barem Ambalaj, a Turkish packaging group 30% listed on Borsa Istanbul, a one-year final concordato moratorium after it filed for protection in July 2026. The company will keep its İzmir, Gaziantep and Karaman packaging plants running and plans to open talks on selling its stalled paper mill project in Konya Ereğli, whose cost had risen to about EUR 200m before work was halted.
Why this mattersA listed Turkish converter pushed into court protection by an overrun paper mill project shows the financing risk of integrating backwards into paper production.
- İzmir 1st Commercial Court granted Barem Ambalaj a one-year final concordato moratorium on 22 October 2026.
- The company filed for concordato in July 2026 and had been operating under a three-month temporary moratorium.
- 30% of Barem Ambalaj's shares trade on Borsa Istanbul.
- The company will seek talks during the moratorium to sell its paper mill in Konya Ereğli.
- Investment cost for the halted Konya Ereğli paper mill rose to around EUR 200m (USD 224m).
- Packaging plants in İzmir, Gaziantep and Karaman will continue normal production and commercial activity.