Arctic posted EUR 200mln turnover last year

Electronic appliances producer Arctic posted a turnover of EUR 200 million in 2010, which represents 6 percent more than in the previous year. More than 80 percent of this turnover came from the sale of products made in Gaesti.

Last year the plant expanded its production unit by 17 percent compared to the previous year up to a number of 1,400,000 units.

Exports represent 80 percent of the Arctic local production. The volume of exported units increased by 18 percent from 835,000 in 2009 to 986,000 units last year. The refrigerators manufactured in Gaesti are sold on markets such as Turkey, Spain, France, Germany, England and Poland.

Arctic invested EUR 6.5 million into the production unit in Gaesti, which were mainly directed towards making processes more efficient, new technologies and growing production capacity.

The company reached a market share of 35.5 percent in 2010.

Read more about

AROBS targets a consolidated turnover of approximately RON 500 million in 2024

read more

Arctic is part of the group Arçelik, the third European producer of electronic appliances.

The company now has a number of 2,438 employees.

Otilia Haraga