Turkish white goods manufacturer Arcelik enters Czech market

Turkish white goods manufacturer Arcelik enters Czech market, sees 10% market share in 2008.Leading Turkish household appliances manufacturer Arcelik opened its sales representation in the Czech Republic and wants to increase its share on the Czech white-goods market to 10% by the end of 2008 thr…

Arcelik to Recieve Loan from IFC

The International Finance Corporation (IFC), the investment division of World’s Bank, announced that it would provide a 160-million euro (approx. U.S. $205.9-million) loan to Turkish white goods producer Arcelik.

Arcelik profits up 70 percent

Leading consumer goods maker Arcelik reported a sharp rise in 2004 profit and beat its sales target as falling interest rates fuelled strong demand for its products, its results showed on Thursday. Analysts said the fast-growing Turkish market for large domestic appliances was expected to slow do…

Blomberg hopes to clean up

Consider a world without washing machines. A time when people cleaned their clothes by pounding them on rocks and then rinsing them in flowing water. Voyagers at sea would place their laundry in a strong cloth bag and toss it overboard, letting the ship drag it for hours. As the idea of forcing w…