Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Arcelik to Invest in Russian Plant
Jul 19, 2004
 Printable format
 Email this Article
 Search

Turkish-based appliance producer, Arcelik, announced it plans to establish a production plant with an annual output of 850,000 washing machines. The expansion is the result of a 50 million euro (approx. U.S. $62.1 million) investment in Russia. In a statement, Arcelik reported their determination to invest in a new production establishment.

The reasons for investing in Russia include the size of the country's market, its growth potential, competitive circumstances, geographical closeness, and low penetration.

Arcelik, who hopes to turnover 100 million euros (approx. $124.2 million), will continue exporting refrigerators and ovens. It said it aims to gain more market experience with the help of Russian manufacturers, well known for their growth breadth and potential in the appliance sector. The durable consumption market in Russia, of which appliances account for 40 percent, reached $6 billion this year. (Economy News Services)

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows