“Arctic is one of the most important and powerful exporters, a company that has had an essential contribution to the national economy for almost 50 years,” says Murat Büyükerk, Arctic CEO since January 2018.
Arctic exported 83% of its production to 85 countries, mostly in Europe last year, he added.
The company is the largest home appliances manufacturer in Romania, making more than 2.2 billion lei (some EUR500 million) worth of refrigerators and freezers a year. A second plant, set to make washing machines, is almost completed in Ulmi in the same county.
Arctic saw an increase in exports and sales on the local market in 2018, its official said.
Arctic’s revenue includes both the production of the plant in Gaesti, Dambovita, and the local sales of products made by the group in its plants outside Romania. Arcelik makes refrigerators and freezers in Romania but sells other home appliances branded as Beko and Arctic on the local market, as well as Grundig-branded electronics.
(English version by Loredana Fratila-Cristescu)