After having inaugurated the over EUR100 million plant in Ulmi last year, the group is now boosting the production capacity of Arctic Gaesti by 10%. The plant is already the second largest refrigerator manufacturing facility in Europe and the largest in the EU.
“We have already started a new investment project to increase capacity by 10%, says Ragip Balcioglu, CCO of Arcelik Group, Arctic owner.
The investment is required urgently because markets are growing fast despite the pandemic. The home appliances industry is a lucky industry, because demand for the group’s brands (Arctic, Beko and Grundig i.e.) is on the rise. Despite Arctic being the second largest refrigerator plant in Europe and the largest in the EU, its production capacity was no longer sufficient, he added.
The plant in Gaesti has a production capacity of 2.9 million units a year.
The facility in Ulmi makes 1.1 million washing machines a year but production is on the rise and will reach peak capacity of 2 million units.
Arctic exports more than 85% of its production. The Arcelik group handles the entire Romanian business via a single company, which posted more than EUR500 milion revenue last year.
(English version by Loredana Fratila-Cristescu)