Arçelik
Turkish multinational home appliance manufacturer headquartered in Istanbul, producing appliances through brands including Beko and Arçelik.
Company Type
public
Founded
1957
Headquarters
Istanbul, Turkey
Stock
Istanbul Stock Exchange: ARCELIK
About Arçelik
Arçelik has demonstrated strong performance in 2024-2025, with the company announcing its Q4 2025 financial results and achieving significant sustainability milestones. The company was named one of TIME Magazine's World's Most Sustainable Companies for the second consecutive year, earning recognition for its environmental leadership and social responsibility initiatives.
The company achieved the highest ESG score in the DHP Household Durables Industry, reflecting its commitment to sustainability across operations, products, and supply chain. Arçelik's 2030 greenhouse gas emissions reduction targets have been approved by the Science Based Targets Initiative as in line with the Paris Agreement's goal of limiting temperature increase to "well below 2°C."
In February 2026, Arçelik announced a significant leadership transition, with Hakan Bulgurlu stepping down as CEO after 11 years of service. Bulgurlu will be succeeded by Can Dinçer, currently General Manager of Arçelik Türkiye and Chief Commercial Officer for South Asia and Türkiye. Dinçer brings 33 years of experience within the Koç Group and has played pivotal roles in strengthening market position in Türkiye and delivering consistent commercial performance growth.
History of Arçelik
Arçelik was founded in 1955 by Vehbi Koç as part of the Koç Group's expansion into industrial manufacturing. The company began operations in 1957, initially producing refrigerators and washing machines to meet Turkey's growing demand for modern home appliances. The company's early focus was on providing quality, affordable appliances for Turkish households during the country's economic development period.
Throughout the 1960s and 1970s, Arçelik expanded its product range and manufacturing capabilities, establishing itself as Turkey's leading appliance manufacturer. The company introduced innovative products tailored to Turkish consumer preferences while maintaining international quality standards.
The 1980s and 1990s saw Arçelik begin its international expansion, first exporting to neighboring countries and then establishing manufacturing facilities in international markets. The company's global expansion accelerated in the 2000s with acquisitions and partnerships that strengthened its position in European and Asian markets.
In recent years, Arçelik has undergone significant transformation under CEO Hakan Bulgurlu's 11-year leadership, focusing on sustainability transformation, digital innovation, and international expansion. The company has rebranded its global operations under the Beko corporate brand while maintaining local brand recognition in key markets.
Brands Owned by Arçelik
Arçelik owns 1 brand in our database.
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Stock Information
Arçelik Ownership: Pros & Cons
Advantages
- +Strong market position as Turkey's largest appliance manufacturer with global presence
- +Diversified brand portfolio serving multiple market segments and price points
- +Global manufacturing network with 15 production plants across multiple continents
- +Sustainability leadership with TIME Magazine recognition and highest ESG score in industry
- +Innovation capabilities with significant R&D investment and technological advancement
- +Integration with Koç Group providing resources, expertise, and global network
- +Strong financial performance and access to capital markets through public listing
Considerations
- -Intense competition from global appliance manufacturers with larger scale and resources
- -Economic and political challenges in Turkish and international markets affecting business operations
- -Supply chain complexity across multiple manufacturing locations and geopolitical regions
- -Regulatory compliance requirements across different countries for electrical appliances
- -Currency fluctuations impacting international operations and financial reporting
- -Need to balance global standardization with local market adaptation
- -Environmental regulations requiring continuous investment in sustainability and efficiency improvements
Frequently Asked Questions About Arçelik
Is Arçelik publicly traded?
Yes, Arçelik is publicly traded on the Istanbul Stock Exchange under ticker symbol ARCELIK. Investors can purchase shares in the company through Turkish financial markets.
What brands does Arçelik own?
Arçelik owns multiple brands including Beko (global brand), Arçelik (premium brand), Grundig (German heritage brand), Dawlance (premium brand), Altus (value brand), and Blomberg (specialized brand), serving different market segments.
Where is Arçelik headquartered?
Arçelik is headquartered in Istanbul, Turkey, where the company's corporate offices, research and development centers, and primary operations are located.
When was Arçelik founded?
Arçelik was founded in 1955 by Vehbi Koç as part of the Koç Group, with operations beginning in 1957. The company has grown to become one of Turkey's largest home appliance manufacturers.
What is Arçelik's relationship to the Koç Group?
Arçelik is part of the Koç Group, one of Turkey's largest business conglomerates. While publicly traded, Arçelik maintains strategic alignment with the Koç Group's business philosophy and benefits from the conglomerate's resources and expertise.
What sustainability recognition has Arçelik received?
Arçelik was named one of TIME Magazine's World's Most Sustainable Companies in 2025 for the second consecutive year, earning a place in the Top 20 and securing the #1 position in the household durables industry. The company also achieved the highest ESG score in the DHP Household Durables Industry.
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