Arctic S.A.

Arctic S.A.

Company type	Private
Industry	Household appliances Consumer electronics
Founded	1970
Headquarters	Găești, Dâmbovița, Romania
Key people	Hasan Ali Yardimci (CEO)
Revenue	$300 million EURO
Net income	15,600,000 Euro (2018)
Number of employees	3,000
Parent	Arçelik Group
Website	http://www.arctic.ro/

Arctic S.A. is the largest Romanian household appliances producer and one of the largest refrigerators producer in Europe and it is located in Găești, Dâmbovița County. The company was bought in 2002 by the largest household appliances manufacturer in Turkey, Arçelik. The company has a production capacity of 2.6 million refrigerators per year. Its products are also made in Russia and Turkey and some Beko fridges are built in this plant.

About

Arctic S.A. is a Romanian household appliances producer and the leader of the household appliances market in Romania, with a market share of 35% in 2014. Following the opening of a new production line in 2013, Arctic became the largest refrigerator producer in Continental Europe with a production capacity of 2.6 million units/year. Currently, over 85% of the manufactured products are directed towards export, reaching 60 countries around the globe. The company is part of Arçelik group since 2002 when its expansion began.

Arçelik Group and KOÇ Holding

http://en.wikipedia.org/wiki/Ar%C3%A7elik si http://en.wikipedia.org /wiki /Ko%C3%A7_Holding

Starting 2002, Arctic is part of Arçelik Group, one of the leading players in home appliances industry in Turkey and the second largest company in its sector in Europe. While maintaining its leadership in white goods, built-in goods, air conditioning and LCD TV markets in Turkey, Arçelik Group continues its rapid growth in the global arena. With 26,000 employees worldwide and sales and marketing offices in 27 countries, Arçelik provides products and services under 10 different brands (Arçelik, Beko, Grundig, Defy, Arctic, Blomberg, Elektrabregenz, Leisure, Flavel and Altus) in 130 countries. Company operates 14 production facilities based in Turkey, Romania, Russia, China and South Africa, and also laid the foundations of its Thailand Refrigerator Plant in January 2015. Arçelik is part of Koç Holding A.Ş., the top industrial conglomerate in Turkey. Following an average annual growth rate of 18% in consolidated profit in US$ terms between 2003 and 2013, Koç Holding ranks among the world’s top 350 companies. Founded in 1926, Koç Holding has become not only one of the largest and most successful groups of companies in Turkey but also in Europe, by staying one step ahead of change throughout its journey of 80 years and having leading positions in various sectors, such as energy, automotive, consumer durables and finance, which offer strong long-term growth potential. The company with its headquarters in Nakkaştepe, Istanbul is controlled by the Koç family, one of Turkey's wealthiest families.

History and milestones

The story of Arctic starts in 1968 when the construction of the Gaesti plant began. In 1970 the first refrigerators are produced under the license of Thomson Houston from France. In the 80’s, over 85% of the factory’s production goes to export and the 90’s mark the beginning of a new page in the company’s history as it becomes the first East European manufacturer to remove the Freon and also the company is privatized and listed at the Bucharest Stock Exchange. The year 2002 represents a key moment in the evolution of Arctic. The company’s majority share package is acquired by Arçelik, the largest industrial holding in the private sector in Turkey, with a 50 years tradition in home appliances industry. In the following years Arctic registers a dynamic evolution, investments are made in technology and consumers’ perception of the brand improves significantly. In its 45 years of existence, Arctic reinforces its leading position on the domestic home appliances market, increasing its market share every year.

→Milestones 1968 – The construction of the Gaesti plant has began 1970 – The first refrigerators are produced at Gaesti plant, under the license of Thomson Houston from France 1972 – The first refrigerators are exported to France 1980 – Over 85% out of the plant’s production goes to export 1994 – Arctic join the Montreal Protocol and becomes the first East European manufacturer to remove the Freon 1997 – The company is privatized and listed at the Bucharest Stock Exchange 2002 – Arctic is acquired by Arçelik, the largest industrial holding in the private sector in Turkey 2003 – The second production line is launched; Arctic’s product portfolio diversifies, the company now offers a full range of home appliances: refrigerators, washing machines, cookers, vacuum cleaners 2004 - Arctic enters the electronic market by launching the TV range 2006 - Arctic had inaugurated a production line for horizontal freezers 2007 - Arctic became the first Romanian plant to receive a TPM Excellence Award 2012 - Arctic is awarded with Platinum Certificate for the Energy Efficiency in Production 2013 - Arctic inaugurated a new production line at Gaesti plant, making it the largest refrigerator production facility in Continental Europe 2014 - Arctic ranked 5th among the 100 most powerful Romanian brands and 1st in the durable goods category 2015 - Arctic celebrates 45 years of existance and 25 million refrigerators produced in the Arctic factory in Gaesti