According to the latest data from Ziarul Financiar, the factory produces washings machines and has some 500 employees.
Existing data show the factory was operating at half of its maximum capacity, being in its first year of operation. At maximum capacity, the plant should have reached a production of 2.2 million washing machines and more employees.
The factory in Gaesti, which employs some 4,000 people and produces fridges and freezers, is still operational although additional precautionary measures, such as equipment and thermal scanners, have been taken, in the context of the coronavirus outbreak, ZF sources also said.
Arctic, owned by Turkey’s Arcelik, started the production at its washing machine factory in Ulmi in the summer of 2019. The project is worth over EUR100 million, of which one third is state aid.
The new investment was to uphold the growth of Arctic business in Romania up to EUR1 billion, according to ZF estimations. This estimation considers the current value of Arctic’s 2018 turnover, of half a billion euro and the production in Gaesti of nearly 2.9 million fridges.