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Dawlance

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Dawlance
Private
IndustryElectronics and Home Appliances
Founded1980
FounderBashir Dawood
HeadquartersKarachi, Pakistan
Area served
Pakistan
Key people
Hakan Burgurlu, Saleh, Ozgur
ProductsRefrigerators, Air conditioners, Microwave Ovens, Water Dispensers, Washing Machines, Deep Freezers
Revenue$220.6 million
Number of employees
4000
ParentArçelik
WebsiteDawlance

Dawlance is a Pakistani manufacture of major home appliance's based in Karachi. Founded in 1980, it was acquired by Istanbul based Arçelik in 2016.[1][2]

Dawlance has three factories, two sites in Karachi and one in Hyderabad, with a total of 4,000 employees.[3] It manufacture's washing machines, freezers, split air conditioner and microwave oven's.

In 2015, Dawlance had revenues of $220.6 million selling product's in Pakistan and Middle East. Similarly, its EBITDA earnings amounted to $45 million. It has 37 branches in addition to 750-plus franchises across the country [4]

It was acquired by Arçelik in November 2016 for $258m, and since then function's a wholly owned brand for Arçelik.[5]

References[edit]

  1. ^ "Dawlance Official Website". Dawlance. Dawlance. Retrieved 11 July 2016.
  2. ^ Ali, Ahmed. "TURKISH BASED ARCELIK ACQUIRE DAWLANCE GROUP FOR $258MN". Business Recorder. Retrieved 11 July 2016.
  3. ^ Khan, Aamir Shafaat. "Steady business growth in home appliances". Dawn. Retrieved 11 July 2016.
  4. ^ "Turkish company to acquire Dawlance for $258 million - The Express Tribune". The Express Tribune. 2016-07-01. Retrieved 2016-10-31.
  5. ^ "Arçelik to finalise Dawlance acquisition by November 7 - The Express Tribune". The Express Tribune. 2016-10-31. Retrieved 2016-10-31.

External links[edit]