MarketCap TR

TR Turkey


Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, services, imports, and exports consumer durable goods and electronics in Turkey and internationally. It operates through White Goods, Consumer Electronics, and Other segments. It offers top and front door washing machines, horizontal and vertical deep freezers, split air conditioners, microwave ovens, water dispensers, cooking appliances, washing machines, dishwashers, coolers, gas and/or electric cookers, refrigerators, coffee machines, laundry and washer-dryers, hoods, and built-in cooking products. The company also provides televisions, computers, cash registers, and other electronic devices. It offers its products under the Arçelik, Beko, Grundig, Defy, Arctic, Dawlance, Elektrabregenz, Blomberg, VoltasBeko, Leisure, Altus, and Flavel brand names. The company was incorporated in 1955 and is headquartered in Istanbul, Turkey.


Arçelik was founded in 1955 by Lütfü Doruk in partnership with Vehbi Koç and entered the Turkish major appliance sector by producing its first washing machine in 1959 and its first refrigerator in 1960 at its manufacturing plant in Çay?rova, Istanbul. In 1968, Arçelik moved to its Çay?rova facilities near Istanbul. In the 1970s and 1980s, the company expanded its product range and opened its Eski?ehir refrigerator plant in 1975, ?zmir vacuum cleaner plant in 1979 and Ankara dishwasher plant in 1993.

1999 was a year of growth and reorganization. Arçelik founded Ardem to manufacture cooking appliances and brought under its roof Türk Elektrik Endüstrisi A.?. and At?l?m ve Geli?im Pazarlama A.?. as a single legal entity. In 2001, Arçelik took over the marketing and sales activities of Beko products that used to be marketed and sold by Beko Ticaret. The new organization model enabled the company to manage production and sales/marketing activities centrally and to increase productivity.

Most recently, the merger plan between Arçelik A.?. and Grundig Elektronik A.?. was declared on February 27, 2009.

Arcelik’s mission is to deliver reliable, high-quality products and services for customers and to create meaningful value for its stakeholders.

Arcelik’s vision is to become an exemplary brand and market leader in its sector by providing excellent service, leading the way in innovation, consistently investing in quality, and offering excellent value.

Key Team

Mr. Nihat Bayiz (Chief Production & Technology Officer)

Orkun Inanbil (Investor Relations Mang.)

Ms. Zeynep Ozbil (Exec. Director of Global Communications)

Mr. Akin Garzanli (Chief Marketing Officer)

Ms. Buket Çelebiöven (HR Director)

Ms. Toygan Pulat (Chief People Officer)

Dr. Fatih Kemal Ebiçlioglu (Information Security & Cybersecurity Mang. and Non-Exec. Non Independent Director)

Recognition and Awards
Arcelik’s commitment to innovation and sustainable business practices has been recognized with the “Growth Champion” award from the United Nations Global Compact and has been officially recognised as a “World Class Company” by the Turkish Union of Chambers and Stock Exchanges.

Leadership team

Mr. Hakan Hamdi Bulgurlu (CEO, GM & Exec. Director)

Mr. Özkan Çimen (Chief Financial Officer)

Murat Kahriman (Accounting Director)

Products/ Services
Advertising, Consumer Electronics, Consumer Goods, Manufacturing, Marketing
Number of Employees
20,000 - 50,000
Istanbul, Istanbul, Turkey
Net Income
100M - 500M
Above - 1B
Traded as
Social Media

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