“Arctic’s evolution in 2010, given the current economic context, is a real success. While the local market shrank, the 17% boost in production capacity at Gaesti and the staff increase show that Arctic is a healthy company,” general manager Monica Iavorschi said in a news release.
Thus, in 2010, the company increased its production capacity to 1.4 million units per year and widened its staff to 2,438 employees, from 2,110 in 2009.
Arctic, owned by Turkish household appliances manufacturer Arcelik, exports 80% of its output, mainly to Turkey, France, Spain, Germany, the United Kingdom and Poland.
Last year, the company invested EUR6.5 million in its Gaesti plant, mostly in upgrades and output increase.
The company holds a market share of 35.5% on the local household appliances segment, according to its data.