Hakan Bulgurlu

Turkish home appliance manufacturer Arçelik said on Nov. 9 it has secured a €150 million ($173.9 million) loan from the European Bank for Reconstruction and Development (EBRD) for green manufacturing.

The loan, which will support a three-year environmentally sustainable investment program, will come in two parts.

This evaluates the sustainability performance of the world's largest companies. It is also the fourth consecutive year that Arelik is the only Turkish Industrial company to be listed in the DJSI Emerging Markets Category. emphesize Burak Kiroglu, general manager of Beko Balkans.

Arçelik CEO Hakan Bulgurlu speaks at the opening ceremony of a plant in the Çerkezköy district of Turkey's Tekirdağ province.

Turkish appliance giant Arçelik aims to grow Asian sales to $1.5 billion within five years, CEO Hakan Bulgurlu told The Nikkei in a recent interview on May 30, noting how the global economy's center of gravity is moving eastward.

Turkish home appliances maker Arçelik is working on acquisitions to speed up its international expansion, particularly in Asia, its chief executive said on March 20.

Grundig is one of the most rooted brands of Germany. It was founded in 1945 and their wooden box radios and televisions were the stars of households at that time.

Grundig was bought by the flagship company of Koç Holding, Arçelik, in 2007 and underwent major changes. No surprise they are promoting their brand now as "We are 70 years old and we just started." 

Turkish home appliances producer Arçelik has announced it will open a research and development (R&D) center in Cambridge, United Kingdom, where the company has been market leader with its Beko brand, in a written statement on June 25.