21.04.2026 14:30
One of Turkey's long-established packaging companies, Arfa Ambalaj, went bankrupt after failing to overcome its financial difficulties. The Bakırköy 2nd Commercial Court ruled that the company's economic structure was unsustainable and initiated the liquidation process. The company's assets, which had previously declared concordat but could not recover, were placed under protection to cover the creditors' losses, and the process was transferred to the bankruptcy administration.
Arfa Packaging, one of the well-known companies in the Turkish packaging industry, officially went bankrupt after failing to overcome its financial crisis. A liquidation process has been initiated for the company, which has been operating since 2001.
COURT RULED BANKRUPTCY
In the case heard on April 15, 2026, at the Bakırköy 2nd Commercial Court, it was decided that the company's economic structure was not sustainable. The court ruled for the bankruptcy of Arfa Packaging.
CONCORDAT DID NOT SAVE IT
The company, which previously applied for concordat to maintain its financial balance, could not achieve the recovery it expected. With the bankruptcy decision, the path to recovery for the company has been closed.
LIQUIDATION PROCESS INITIATED
Following the bankruptcy decision, liquidation procedures were initiated based on the company's records at the Istanbul Trade Registry Office. The file was sent to the Bakırköy Duty Bankruptcy Office to be conducted according to ordinary liquidation provisions. With the decision, all precautionary measures were lifted, and the company's assets were placed under protection to compensate for the creditors' losses.
WAS ONE OF THE IMPORTANT PLAYERS IN THE SECTOR
Founded in 2001 and particularly noted for its investments in its facilities in Bayrampaşa in 2020, Arfa Packaging had established a significant position in the sector with its large production capacity. However, the deteriorating financial structure due to global and local economic developments led the company to bankruptcy.
EYES ON THE LIQUIDATION PROCESS
After the bankruptcy decision, attention turned to the liquidation process, where creditors' applications and the distribution of the company's assets would take place.