Nuri Şeker founded Uşak Sugar Factory in 1926. He targeted to produce Turkish sugar from beet.Thus, he wanted to easily ensure this need of Turkish people. He also planned to provide a regularsource of income to poor peasants. He established a company and began to collect capital for thefactory. Czechoslovak Skoda firm provide technology to the factory. After inauguration, UşakSugar Factory met water supply and agricultural pest problem. Nuri Şeker also had to teach newlysugar beet cultivation to peasants. In contrary to all difficulties, factory started its operations andsugar production was steadily increased. But Nuri Şeker faced with financial difficulties, becauseexperience years in sugar production increased factory’s debts. As a result of these debts,government decided to liquidate the factory’s company. Nationalization was practiced on 6August 1931. During the liquidation process, rights of public partners became main argumentpoint. Later, government decided to pay face values of public partners’ shares. Eventually, linksof private entrepreneurs were totally severed from Uşak Sugar Factory.