Arçelik

Arçelik A.Ş.
Company typeAnonim Şirket
BİST: ARCLK
IndustryConsumer electronics, Home appliances
GenreElectronics
Founded1955; 70 years ago (1955)
FounderVehbi Koç
HeadquartersGolden Horn, Sütlüce, Beyoğlu, Istanbul
Area served
Worldwide
Key people
Rahmi Koç (Chairman)
Hakan Bulgurlu (CEO)[1]
ProductsTV sets, refrigerators, washing machines, vacuum cleaners, air conditioners, DVD players, Blu-ray players, home cinema systems, movie projectors, laptops, CD and DVD drives, computer monitors, EV chargers
RevenueIncrease US$10.02 billion (2023)[2]
Increase US$391 million (2023)[2]
Increase US$294 million (2023)[2]
Total assetsIncrease US$12.27 billion (2024)[3]
Total equityIncrease US$2.06 billion (2023)[2]
Number of employees
about 55,000 [2]
ParentKoç Holding
Websitewww.arcelikglobal.com

Arçelik A.Ş. (Turkish pronunciation: [aɾ.t͡ʃɛ.'lik]) is a Turkish multinational household appliances manufacturer.

The company engages in the production, marketing and after-sale services of durable goods and their components. Its products include white goods (such as refrigerators, freezers, washing machines, dishwashers) and small home appliances (such as vacuum cleaners, coffee makers and blenders).

Arçelik A.Ş. is active in more than 100 countries, including China and the United States through its 13 international subsidiaries and over 4,500 branches in Turkey. The company operates 15 production plants in Turkey, Romania, Russia, China, South Africa and Thailand including refrigerator, washing machine, dishwasher, cooking appliances and components plants.[4] It offers products under its own brand names, including Arçelik, Beko, Grundig, Dawlance, Altus, Blomberg, Arctic, Defy, Leisure, Arstil, Elektra Bregenz and Flavel.[5][6]

The company is controlled by Koç Holding, Turkey's largest industrial and services group with USD 24.9 billion in consolidated revenues in the first half of 2023,[7] and is the market leader in Turkey's appliance sector with its Arçelik and Beko brands. Following the merger of European activities with Whirlpool Corporation, Beko Europe became the largest household appliances company in Europe, ahead of BSH Hausgeräte and Electrolux based on production volumes. [8]

It has been reported that as of April 2024, the company will continue its activities in the global market under the name Beko Corporate.[9][10]

History

Istanbul Atatürk Cultural Center construction of the aluminium facade, 1960s.

Source:[11]

Arçelik A.Ş. was founded in 1955 by Lütfü Doruk in partnership with Vehbi Koç operating in the Turkish home appliances industry. Arçelik produced its first washing machine in 1959 and its first refrigerator in 1960 at its manufacturing plant in Çayırova, Istanbul.

In 1986, Arçelik A.Ş. went public on Borsa Istanbul.

In 1999, Arçelik and LG Electronics founded the joint-venture Arçelik-LG Klima Sanayi ve Ticaret A.Ş. for manufacturing air conditioning units for the Turkish and global markets.[12]

In 2006, Koç Holding decided to merge their subsidiaries in the home appliances industry under the roof of Arçelik A.Ş. These companies included the Atılım ve Gelişim Pazarlama A.Ş. which marketed Arçelik branded products, Beko Elektronik A.Ş. which marketed Beko branded products and Türk Elektrik Endüstrisi A.Ş. which produced engines and compressors for Arçelik and Beko branded products. The new organization model enabled the company to manage production and sales/marketing activities centrally and to increase productivity.[13]

Arçelik A.Ş. made a series of acquisitions to grow its global presence: Blomberg (2002), Elektra Bregenz (2002), Leisure (2002), Flavel (2002), Arctic (2002), Grundig (2007), Defy (2011), Dawlance (2017), Singer (2019). It also partnered with other multinationals to form alliances: Tata Group in India, Hitachi in several Asia-Pacific markets and Whirlpool Corporation in several European markets.

Global presence

In a move to become one of the leading home appliance manufacturers, Arçelik has created a significant global presence through organic and inorganic growth. While there are some minor local brands in the portfolio, Arçelik can be recognized in most markets with its Beko brand.

EMEA Region

In 2002, Arçelik made a series of acquisitions to grow its presence in the EMEA region: German and Austrian operations of Groupè Brandt which owned Blomberg and Elektra Bregenz brands, UK-based Leisure and Flavel brands and Romanian appliance maker Arctic S.A.[14][15][16]

In 2004, Arçelik acquired German TV and home appliance maker Grundig in a partnership with Alba plc. In 2007, Arçelik became the sole-owner of the Grundig Multimedia B.V. and its eponymous brand.[17][18]

To increase brand recognition, Beko became the sponsor of Watford F.C. during the 2007-2008 and the 2008–2009 seasons. Beko has also been among the sponsors of FC Barcelona since 2014. [19]

In 2011, Arçelik acquired South Africa’s largest appliance maker Defy from Franke for $327M.[20]

In 2022, Whirlpool Corporation has made a strategic review on its EMEA operations due to lower EBIT margins. This resulted in a series of transactions between Arçelik and Whirlpool.[21]

  1. Arçelik acquired Whirlpool’s operations in the Middle East and Africa for €20M.
  2. Arçelik acquired Whirlpool’s Turkish manufacturing plants for €78.3M. These plants have an annual production capacity of 1.3 million freezers and 1.4 million washing machines.[22]
  3. Arçelik acquired Whirlpool’s operations in Russia and several other Commonwealth of Independent States (CIS) countries on the wake of Russian invasion of Ukraine. Arçelik is expected to make a series of deferred payments over a 10-year period capped at €220M, based on the net asset value of the business.[23]
  4. Arçelik and Whirlpool decided to merge their European operations under one entity, which will be held 75% by Arçelik and 25% by Whirlpool. This new entity will have 11 plants across Italy, UK, Poland, Romania and Slovakia.

APAC Region

In 2015, Arçelik’s first plant in the region started production in Thailand. The plant has a production capacity of 300,000 units per year and is configured to the needs of the Southeast Asian market.[24]

In 2017, Arçelik acquired Pakistan’s Dawlance for $243M.[25]

In 2017, Arçelik and Tata Group has announced a new partnership. Arçelik and Voltas will form a joint-venture in India named Voltbek Home Appliances Ltd. This entity will provide manufacturing, sales, and after-sales services for VoltasBeko branded home appliances (refrigerators, washing machines microwaves, etc.) in India. The partners set an ambitious target to reach $1B revenue and exceed 10% market share in the Indian market over ten years.[26]

In 2019, Arçelik acquired a 57% stake in Singer Bangladesh for $75M.[27]

In 2021, Arçelik and Hitachi Global Life Solutions has announced a new partnership. Hitachi GLS will transfer 11 subsidiaries outside Japan (two manufacturing and nine sales companies) into Arçelik Hitachi Home Appliances B.V. and sell a 60% stake in this entity to Arçelik for $343M. This entity will provide manufacturing, sales, and after-sales services for Hitachi branded home appliances (refrigerators, washing machines and vacuum cleaners, etc.) outside Japan.[28][29]

Brands

*Licenses limited to certain jurisdictions

Technology and innovations

Arçelik has 17 R&D centers globally. Some of its innovative products include the first automated Turkish coffee maker Telve, the first washing machine in the industry made from recycled materials and tumble dryer with pet hair removal.[30][31]

As of 2022, Arçelik is #67 on WIPO’s ranking for "Companies That Filed the Most International Patent Applications" and is the only entrant to the list from Türkiye.[32]

Sustainability

Source:[33]

Arçelik A.Ş. was chosen among the first 15 companies to be accepted into the Borsa Istanbul Sustainability Index in 2014.[34] It has been accepted to the FTSE4Good Emerging Market Index in 2016.

  • CDP: Arçelik has been recognized for leadership in corporate transparency and performance on Water Security with an A score and on Climate Change with an A− score by the global environmental non-profit CDP.
  • Dow Jones Sustainability Index: Arçelik has achieved 87/100 in the S&P Global Corporate Sustainability Assessment (CSA) as of 21 October 2022.  For the fourth consecutive year, Arçelik achieved the highest score out of 46 companies assessed in the DHP Household Durables Industry based on the results of 16 December 2022.
  • EcoVadis: Arçelik has obtained a score of 70/100 and has been awarded a Gold EcoVadis Medal in 2022 for this achievement. This places Arçelik in the top 2% of companies rated by EcoVadis in the manufacture of domestic appliances industry.
  • Old brand logo
    Old brand logo
  • Telve Turkish coffee machine
    Telve Turkish coffee machine
  • Arçelik Washing Machine
    Arçelik Washing Machine
  • Arçelik Vacuum Cleaner
    Arçelik Vacuum Cleaner
  • Arçelik is Turkish television maker, found in Royal Flora Expo 2006
    Arçelik is Turkish television maker, found in Royal Flora Expo 2006

See also

References

  1. ^ "Annual Report 2021" (PDF). Arçelik A.Ş. Retrieved 4 June 2021.
  2. ^ a b c d e "Annual Report 2023" (PDF). Arçelik A.Ş.
  3. ^ Cite error: The named reference quarterly_2024 was invoked but never defined (see the help page).
  4. ^ "Factsheet" (PDF). Arçelik AŞ. Archived from the original (PDF) on 20 December 2016. Retrieved 11 April 2023.
  5. ^ "Arçelik A.Ş.: Brands". Archived from the original on 23 October 2020. Retrieved 11 April 2023.
  6. ^ "Arçelik A.Ş.: Corporate Overview". Archived from the original on 6 August 2020. Retrieved 11 April 2023.
  7. ^ "Koç Holding | Koç Holding Sustains Its Successful Performance Through the First Half of 2023". www.koc.com.tr. Retrieved 30 January 2024.
  8. ^ "Arçelik". www.arcelikglobal.com. Retrieved 10 May 2024.
  9. ^ "İş Bankası, Koç Holding hamlesiyle tüm şirketlerin birleşeceğini duyurdu". ABC Haber (in Turkish). 5 April 2024. Retrieved 7 April 2024.
  10. ^ Mynet. "Arçelik, küresel operasyonlarını Beko adı altında sürdürecek". Mynet Finans (in Turkish). Retrieved 7 April 2024.
  11. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  12. ^ "Arçelik | LG -". Arçelik | LG (in Turkish). Retrieved 14 August 2023.
  13. ^ "Koç şirketleri global rekabete karşı birleşti". Milliyet (in Turkish). 3 November 1999. Retrieved 14 August 2023.
  14. ^ "Arçelik iki yeni şirket satın aldı". arsiv.ntv.com.tr. Retrieved 14 August 2023.
  15. ^ "Alman Blomberg artık Arçelikin... - Son Haberler - Milliyet". www.milliyet.com.tr. Retrieved 14 August 2023.
  16. ^ "Arçelik, İngiliz markası Leisure'ı satın aldı - Son Haberler - Milliyet". www.milliyet.com.tr. Retrieved 14 August 2023.
  17. ^ "Beko, Grundig'in tamamını satın aldı - Son Dakika Haberler". www.hurriyet.com.tr. Retrieved 14 August 2023.
  18. ^ "CNN.com - Turkey switches on to TV market - Jan 17, 2005". edition.cnn.com. Retrieved 11 April 2023.
  19. ^ "Beko became the global main sponsor of FC Barcelona". dunya.com. 31 May 2024. Retrieved 15 February 2018.
  20. ^ "Arcelik to Pay $327 Million in Total for South African Defy". Bloomberg.com. 21 July 2011. Retrieved 14 August 2023.
  21. ^ "Whirlpool to divest most of EMEA ops, form new entity with Turkey's Arcelik". Reuters. 17 January 2023. Retrieved 14 August 2023.
  22. ^ "Arçelik, ABD'li Whirlpool'un Türkiye'deki üretim merkezini satın aldı". www.ntv.com.tr (in Turkish). Retrieved 14 August 2023.
  23. ^ "Whirlpool to exit Russia, take $300 mln-$400 mln hit in second quarter". Reuters. 28 June 2022. Retrieved 14 August 2023.
  24. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  25. ^ "Arçelik, Dawlance'ı 243 milyon dolara satın aldı". www.dunya.com. Retrieved 14 August 2023.
  26. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  27. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  28. ^ "New Joint Venture Arçelik Hitachi Home Appliances - Hitachi in Europe | Inspire the Next". Hitachi in Europe | Inspire the Next -. 1 July 2021. Retrieved 14 August 2023.
  29. ^ "KAP". www.kap.org.tr. Retrieved 14 August 2023.
  30. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  31. ^ "Beko launches new appliance range made from recycled waste". IFA Newsroom. 8 December 2021. Retrieved 14 August 2023.
  32. ^ "Arçelik'ten global ölçekte başarı". www.dunya.com. Retrieved 14 August 2023.
  33. ^ "Arçelik". www.arcelikglobal.com (in Turkish). Retrieved 14 August 2023.
  34. ^ "UN Global Compact | Borsa İstanbul, BIST 30'dan 15 Şirketin Yer Aldığı BIST Sürdürülebilirlik Endeksi'ni hesaplamaya başladı" (in Turkish). Retrieved 14 August 2023.
Wikimedia Commons has media related to Arçelik.

Read other articles:

The View (band)

Scottish indie rock band This biography of a living person needs additional citations for verification. Please help by adding reliable sources. Contentious material about living persons that is unsourced or poorly sourced must be removed immediately from the article and its talk page, especially if potentially libelous.Find sources: The View band – news · newspapers · books · scholar · JSTOR (April 2018) (Learn how and when to remove this template...

 

Tugu, Semarang

Untuk tempat lain yang bernama sama, lihat Tugu (disambiguasi). TuguKecamatanPeta lokasi Kecamatan TuguNegara IndonesiaProvinsiJawa TengahKotaSemarangPemerintahan • CamatB. KunhantiyoPopulasi • Total- jiwaKode Kemendagri33.74.16 Kode BPS3374150 Luas31,78 km²Desa/kelurahan7 Tugu (Jawa: ꦠꦸꦒꦸ​) adalah sebuah kecamatan di Kota Semarang, Provinsi Jawa Tengah, Indonesia. Sampai tanggal 1 Juli 1976, Kec. Tugu masih bagian dari Kabupaten Kendal. Pranala lua...

 

Niklas Süle

Untuk pelawak Indonesia, lihat Sule. Niklas Süle Süle with Germany in 2018Informasi pribadiNama lengkap Niklas Süle[1]Tanggal lahir 3 September 1995 (umur 28)[2]Tempat lahir Frankfurt, GermanyTinggi 195 m (639 ft 9 in)[3]Posisi bermain Centre-backInformasi klubKlub saat ini Borussia DortmundNomor 25Karier junior2004–2006 Rot-Weiß Walldorf2006–2009 Eintracht Frankfurt2009–2010 SV Darmstadt 982010–2013 1899 HoffenheimKarier senior*Tahun Ti...

Lukas 12

Lukas 12Sebagian Injil Lukas (11:50–12:12 dan 13:6-24) pada P. Chester Beatty I (Gregory-Aland no. P45) atau Papirus 45, yang ditulis sekitar tahun 250 M.KitabInjil LukasKategoriInjilBagian Alkitab KristenPerjanjian BaruUrutan dalamKitab Kristen3← pasal 11 pasal 13 → Lukas 12 (disingkat Luk 12) adalah pasal kedua belas Injil Lukas pada Perjanjian Baru dalam Alkitab Kristen. Disusun oleh Lukas, seorang Kristen yang merupakan teman seperjalanan Rasul Paulus.[1][2] ...

 

Peter Fechter

Peter FechterLahir(1944-01-14)14 Januari 1944Berlin, Nazi JermanMeninggal17 Agustus 1962(1962-08-17) (umur 18)Tembok Berlin dekat perbatasan Friedrich/Zimmerstrasse Checkpoint Charlie, Berlin Timur, Jerman Timur(sekarang Berlin, Jerman)Sebab meninggalDitembak oleh penjaga tanpa peringatan saat berusaha meninggalkan Berlin TimurPenemuan jasadZimmerstrasse, Tembok Berlin52°30′28″N 13°23′37″E / 52.5078°N 13.3935°E / 52.5078; 13.3935 (Site of...

 

Digimon Adventure: Last Evolution Kizuna

2020 Japanese filmDigimon Adventure: Last Evolution – KizunaJapanese Theatrical release posterデジモンアドベンチャー Last Evolution 絆Directed byTomohisa TaguchiWritten byAkatsuki YamatoyaBased onDigimonby Akiyoshi HongoProduced byYōsuke KinoshitaCinematographyTetsuya KawataEdited byKentaro TsuboneMusic byHarumi Fuuki[1]Productioncompanies Yumeta Company (Animation) Toei Animation (Production) Distributed byToei Company, Ltd.Release date February 21, 2020...

Leonberg

Leonberg Rumah tradisional di lapangan pasar Lambang kebesaranLetak Leonberg NegaraJermanNegara bagianBaden-WürttembergWilayahStuttgartKreisBöblingenPemerintahan • MayorBernhard SchulerLuas • Total48,73 km2 (1,881 sq mi)Ketinggian386 m (1,266 ft)Populasi (2021-12-31)[1] • Total48.931 • Kepadatan10/km2 (26/sq mi)Zona waktuWET/WMPET (UTC+1/+2)Kode pos71229Kode area telepon07152Pelat kendaraanBBSitus web...

 

Foster Blodgett

American politician 1869 engraved portrait of Blodgett Foster Blodgett Jr. (c. 1827–1877) was an American politician elected mayor of Augusta, Georgia, from 1859 to 1860, and returned to the mayoralty via military appointment between 1867 and 1868. Blodgett was elected to the United States Senate by the Georgia General Assembly in 1871, but not seated. Blodgett was born in Augusta, Georgia.[1] He was mayor of Augusta from 1859 to 1860.[2] His administration was noted for the...

 

Bedaya

Latihan menari di Keraton Yogyakarta. Bedaya (bahasa Jawa latin: bedhaya) adalah bentuk tarian klasik Jawa yang dikembangkan di kalangan istana atau keraton-keraton pewaris takhta Mataram. Bedaya ditarikan secara gemulai dan meditatif, dengan iringan gamelan minimal di sebagian besar repertoarnya. Penarinya kebanyakan wanita, namun terdapat pula bedhaya kakung yang ditarikan oleh lelaki. Tarian bedaya sering kali merupakan hasil inspirasi raja mengenai suatu peristiwa tertentu yang disajikan ...

Египтопитек

† Египтопитек Реконструкция внешнего вида египтопитека Научная классификация Домен:ЭукариотыЦарство:ЖивотныеПодцарство:ЭуметазоиБез ранга:Двусторонне-симметричныеБез ранга:ВторичноротыеТип:ХордовыеПодтип:ПозвоночныеИнфратип:ЧелюстноротыеНадкласс:Четвероно...

 

2020年夏季奥林匹克运动会马来西亚代表团

2020年夏季奥林匹克运动会马来西亚代表團马来西亚国旗IOC編碼MASNOC马来西亚奥林匹克理事会網站olympic.org.my（英文）2020年夏季奥林匹克运动会（東京）2021年7月23日至8月8日（受2019冠状病毒病疫情影响推迟，但仍保留原定名称）運動員30參賽項目10个大项旗手开幕式：李梓嘉和吳柳螢（羽毛球）[1][2]閉幕式：潘德莉拉（跳水）[3]獎牌榜排名第74 金牌 銀牌 銅�...

 

Valle del Bitto

Questa voce sugli argomenti valli d'Italia e Provincia di Sondrio è solo un abbozzo. Contribuisci a migliorarla secondo le convenzioni di Wikipedia. Valle del BittoLa città di Morbegno e, alle sue spalle, la valle del BittoStati Italia Regioni Lombardia Province Sondrio Località principaliAlbaredo per San Marco, Arzo, Bema, Camperbolo, Gerola Alta, Mellarolo, Pedesina, Rasura, Sacco Comunità montanaComunità Montana della Valtellina di Morbegno FiumeBitto Abitanti1.35...

Strauss v. Horton

2009 California Supreme Court case Strauss v. HortonSupreme Court of CaliforniaArgued March 5, 2009Decided May 26, 2009Full case nameKaren L. Strauss et al., Petitioners, v. Mark B. Horton et al.Citation(s)46 Cal.4th 36493 Cal.Rptr.3d 591207 P.3d 48HoldingThe Amendment to the State Constitution referred to as Proposition 8 is valid and enforceable from the moment it was passed. It cannot be applied to retroactively annul marriages that were transacted while the practice was legal in the State...

 

Babol

City in Mazandaran province, Iran For the administrative division of Mazandaran province, see Babol County. For the village in Khuzestan province, see Babol. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Babol – news · newspapers · books · scholar · JSTOR (March 2024) (Learn how and when to remove this mes...

 

Dimensione parallela

Disambiguazione – Dimensioni parallele rimanda qui. Se stai cercando il film del 1987, vedi Dimensioni parallele (film). Questa voce o sezione sull'argomento fisica è ritenuta da controllare. Motivo: Ricerca originale senza costrutto Partecipa alla discussione e/o correggi la voce. Segui i suggerimenti del progetto di riferimento. Questa pagina sull'argomento fisica sembra trattare argomenti unificabili alla pagina Multiverso. Puoi contribuire unendo i contenuti in una p...

Emma Fuhrman

Artikel ini bukan mengenai Isabelle Fuhrman. Emma FuhrmanLahirEmma Cate Fuhrmann15 September 2001 (umur 22)Dallas, TexasPekerjaanAktrisTahun aktif2003–sekarangSitus webwww.emmafuhrmann.com Emma Cate Fuhrmann (lahir 15 September 2001) adalah seorang aktris Amerika yang telah memulai akting sejak ia berusia 5 tahun. Dia pertama kali memulai perannya dalam The Magic of Belle Isle (2012) sebagai Finnegan O'Neil. Ini adalah peran utama pertamanya dalam film bersama bermain Morgan Free...

 

1996–97 Mexican Primera División season

55th professional season of the top-flight football league in Mexico Football league seasonPrimera División de MéxicoSeason1996–97Champions Inverno 1996: Santos Laguna (1st title) Verano 1997: Guadalajara (10th title) RelegatedPachucaChampions' CupSantos LagunaGuadalajaraCruz AzulCONCACAF Cup Winners CupNecaxaCruz Azul[1]Matches played306Goals scored993 (3.25 per match)Top goalscorer Invierno: Carlos Muñoz (15 goals) Verano: Gabriel CaballeroLorenzo Sáez (13 goals) ← 1995...

 

8BC

1980s Manhattan nightclub 8BC8BC Gallery, exterior view, 1984, from the Archives of American ArtLocationManhattan, New York, U.S.Coordinates40°43′39″N 73°59′09″W / 40.72750°N 73.98583°W / 40.72750; -73.98583OwnerCornelius ConboyDennis GattraTypeNightclub, Art galleryGenre(s)PunkContemporary artOpenedOctober 31, 1983ClosedOctober 22, 1985 8BC was a nightclub, performance space, and art gallery located at 337 East 8th Street in the East Village neighborhood o...

1957 Madhya Pradesh Legislative Assembly election

1957 Madhya Pradesh Legislative Assembly election ← 1952 (MB)← 1952 (MP)← 1952 (Bhopal)← 1952 (VP) 25 February 1957 1962 → All 288 seats in the Madhya Pradesh Legislative Assembly145 seats needed for a majorityRegistered13,871,727Turnout37.17%   First party Second party   Party INC PSP Last election Did not contest Seats won 232 12 Seat change 38 N/A Popular vote 36,91,999 9,76,021 Percentage 49.83% 13.17% Swing 0.76% N/A Chief Minist...

 

Valentine Cameron Prinsep

British painter Valentine Cameron PrinsepValentine Cameron Prinsep (1867)by Julia Margaret CameronBorn(1838-02-14)14 February 1838Calcutta, IndiaDied4 November 1904(1904-11-04) (aged 66)LondonKnown foroil paintingMovementPre-RaphaeliteSpouse Florence Leyland ​(m. 1884)​Children3Parent(s)Henry PrinsepSarah Monckton PattleRelativesJulia Margaret Cameron (aunt) Virginia Woolf (aunt's grandchild) Valentine Cameron Prinsep RA (14 February 1838 – 4 November ...