Vestel

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Vestel Elektronik Sanayi Ve Ticaret A.Ş.
Anonim Şirket
Traded asBİST: VESTL
ISINTRAVESTL91H6 Edit this on Wikidata
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 1.2 billion (2016)[1]
Increase 23 million (2016)[2]
OwnerZorlu Holding Edit this on Wikidata
Number of employees
15,371
Websitewww.vestel.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 sold in the Nordic countries. In 2014, Vestel entered the smartphone market.

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

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