Arctic expects over 150m euro revenues

Exports will this year lead domestic producer Arctic Gaesti to turnover worth 150 million euros, three times higher than turnover logged three years ago. The list of countries the products manufactured at the plant in Gaesti will reach will also include Russia, one of the markets major international producers of home appliances have been interested in recently. “Potential is huge as regards the Russian market. For instance, for a single model, the 350 litre freezer/refrigerator combo, the market is of 800,000 units, a level exceeding the entire Romanian refrigerating product market,” Oguzhan Ozturk, Arctic general manager, told Ziarul Financiar. He says that the development of exports to countries such as Russia or other states, though done under the Beko brand (belonging to Arcelik group, the main shareholder of Arctic), will allow the domestic producer of refrigerators to raise its turnover at a pace superior to that of the Romanian economy growth. ZF