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

Arçelik to Build Russian Refrigerator, Washing Machine Plant
Jun 28, 2005
 Printable format
 Email this Article
 Search

Turkey-based appliance maker Arçelik announced that it will establish a new refrigerator and washing machine plant in Kirzhach, Russia. The factory will be run by subsidiary Beko LLC and employ more than 1,000 people by the beginning of 2006.

“Russia is really a potential market as the consumer durable market reaches a total volume of U.S. $6 billion. We already entered the country in 1994 with our Beko brand and now expand with a plant that will guarantee international quality and standards to the consumers”, Gündüz Özdemir, general manager of Arçelik, said.

“We believe that our investment will highly vitalize the region’s economy. Our present market share of 8 percent in the washing machine sector increases more than 7 percent each year,” he said.

The yearly production capacity of the Beko LLC Plant will be 600,000 washing machines and 300,000 refrigerators and the production will start with BEKO brand. The appliances will mostly be distributed in Russia but also in Ukraine and the Ex-Russian Republics.

Back to Daily News

 

Daily News

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

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

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