“Arctic’s business recorded an organic growth in 2016, driven by both the good sales results, and by the rise in the export volume compared with the previous year. Arctic consolidated its leading position on the local market, for both the Arctic and Beko brands, with a wide range of products and services tailored to the needs and lifestyle of Romanian consumers,” the company officials say.
Arctic Gaesti, the leading local home appliances manufacturer, increased revenue by 12.5% to EUR450 million last year. The company actually doubled the revenue in 2008-2016, following steady growth almost every year, regardless of the state of the economy.
Arctic’s revenue includes both production at the plant in Gaesti and the local sales of products made abroad in other plants of its owner, Turkey’s Arcelik.
Arcelik makes refrigerators and freezers in its plant in Gaesti and also sells other types of home appliances branded as Beko and Arctic, as well as Grundig electronics.
The plant in Gaesti sells its products in Romania and on about 80 other markets including France, UK, Germany, Italy, South Africa and Turkey.
“About 82% of our production is currently exported and the products made in the plant in Gaesti go to more than 80 countries.”
(English version by Loredana Fratila-Cristescu)