- CEO
- Cemal Can Dincer
- Full Time Employees
- 53,401
- Sector
- Consumer Cyclical
- Industry
- Furnishings, Fixtures & Appliances
- Address
- Karaagaç Caddesi No: 2-6 Istanbul Türkiye 34445
- IPO Date
- Feb 7, 2012
- Business
- Arçelik Anonim Sirketi manufactures, markets and sells a broad portfolio of consumer durable goods and electronics, including white goods such as refrigerators, freezers, washing machines, dryers and dishwashers; small domestic appliances including vacuum cleaners, coffee makers, blenders, kettles, irons and cooking utensils; built-in appliances such as ovens, microwave ovens, hoods, hobs and warming drawers; consumer electronics encompassing televisions, smart phones, laptops, tablets and portable sound systems; air conditioners, combi boilers, heat pumps and HVAC systems; as well as water dispensers, purifiers, solar panels, inverters and energy storage systems under 22 brands including Arçelik, Beko, Whirlpool, Grundig, Hotpoint, Blomberg, Indesit and others. The company, founded in 1955 and headquartered in Istanbul, Turkey, operates 40 production facilities across 14 countries, maintains subsidiaries in 58 countries and serves customers in over 130 nations spanning Europe, Asia Pacific, Africa, the Middle East and North Africa through segments focused on white goods, consumer electronics and other products. In recent developments, Arçelik established Beko Europe as a standalone entity following its acquisition of a 75% stake in Whirlpool's European home appliance business, enhancing manufacturing capabilities, supply chains and market presence in key European countries including the UK, France, Italy and Poland; launched Voltas Beko as an equal joint venture in India for refrigerators, washing machines, microwaves and dishwashers; and expanded in Africa via investments in Beko distribution across 20 countries and assembly lines in Sudan and Ethiopia after acquiring Defy.