Vestel

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Vestel Elektronik Sanayi Ve Ticaret A.Ş.
Company typeAnonim Şirket
BİST: VESTL
IndustryConsumer Electronics, Home Appliances, Information Technology
Founded1984
HeadquartersManisa, Turkey
Key people
Turan Erdogan (CEO)
Ahmet Nazif Zorlu (Chairman)
ProductsTelevisions, Major Domestic Appliances, Digital Signage Displays, Smartphones
RevenueIncrease $3.296 billion (2018)[1]
Increase $77 million (2018)[2]
Number of employees
15,371
Websitewww.vestelinternational.com

Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics, major appliances and information technology. Vestel's headquarters and production plant are located in Manisa, while the company's parent conglomerate is the Istanbul based Zorlu Holding.

Vestel, together with its subsidiary brands has a significant share in the European market of consumer electronics and home appliances, in particular TV sets.[3] As of 2006, Vestel was the largest TV producer in Europe with more than 8 million units sold, accounting for a quarter of the European market.[3] Vestel also has a subsidiary brand Vestfrost, used for white goods, and Luxor, used for televisions, sold in the Nordic countries. In 2014, Vestel entered the smartphone market.

Most TVs produced by Vestel are sold under licensed brand names such as Toshiba, Hitachi, JVC and many own brand labels.

See also

References

  1. ^ https://www.xe.com/currencyconverter/convert/?Amount=9540000000&From=TRY&To=EUR
  2. ^ https://www.xe.com/currencyconverter/convert/?Amount=184700000&From=TRY&To=EUR
  3. ^ a b Businessweek: "The Unknown TV Giant" Archived January 30, 2012, at the Wayback Machine

External links

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