Pursuant to our material event disclosure dated 29.11.2016, Vestel Beyaz Eşya has commenced investments for building a new production facility on the land acquired in the Manisa Organized Industrial Zone (“MOSB”), which will produce washing machines and dryers with a production capacity of 750,000 units/year for each product. The investment is planned to be completed by June, 2018 and will be realized with a capex of c.€70 mn, including the land acquisition cost disclosed in the material event disclosure dated 29.11.2016. The Company is currently in talks with several banks and financial institutions in order to raise financing for the investment.
As per the Council of Ministers’ decision numbered 2012/3305, Vestel Beyaz Eşya will receive investment incentives such as customs duty exemption, VAT exemption, corporate tax break and employer’s social security contribution support for the afore-mentioned investment.
Pursuant to our material event disclosure dated 29.11.2016, Vestel Beyaz Eşya has commenced investments for building a new production facility on the land acquired in the Manisa Organized Industrial Zone (“MOSB”), which will produce washing machines and dryers with a production capacity of 750,000 units/year for each product. The investment is planned to be completed by June, 2018 and will be realized with a capex of c.€70 mn, including the land acquisition cost disclosed in the material event disclosure dated 29.11.2016. The Company is currently in talks with several banks and financial institutions in order to raise financing for the investment.
As per the Council of Ministers’ decision numbered 2012/3305, Vestel Beyaz Eşya will receive investment incentives such as customs duty exemption, VAT exemption, corporate tax break and employer’s social security contribution support for the afore-mentioned investment.
Vestel Beyaz Eşya has signed a contract with Manisa Organized Industrial Zone (“MOSB”) today to acquire an 81,191.43 sqm land in MOSB at a price of TL 400/sqm. The Company plans to build a washing machine and a dryer plant on the acquired land.
Vestel Beyaz Eşya has signed a contract with Manisa Organized Industrial Zone (“MOSB”) today to acquire an 81,191.43 sqm land in MOSB at a price of TL 400/sqm. The Company plans to build a washing machine and a dryer plant on the acquired land.
Our Company was assessed for the first time on a voluntary basis and entitled to be included in the BIST Sustainability Index, which comprises publicly traded companies with a high rating on corporate sustainability performance, for the November 2016-October 2017 period. The Index calculation will start as of November 1, 2016.
Our Company was assessed for the first time on a voluntary basis and entitled to be included in the BIST Sustainability Index, which comprises publicly traded companies with a high rating on corporate sustainability performance, for the November 2016-October 2017 period. The Index calculation will start as of November 1, 2016.
Vestel Beyaz Eşya announced sales revenues of TL 2,126 mn (Euro 650 mn) and net profit of TL 284.2 mn (Euro 86.9 mn) in 9M16.
Click here for 9M16 CMB financials.
Vestel Beyaz Eşya announced sales revenues of TL 2,126 mn (Euro 650 mn) and net profit of TL 284.2 mn (Euro 86.9 mn) in 9M16.
Click here for 9M16 CMB financials.
Vestel Beyaz Eşya announced sales revenues of TL 1,430 mn (Euro 439 mn) and net profit of TL 194.7 mn (Euro 59.8 mn) in 1H16.
Click here for 1H16 CMB financials.
Vestel Beyaz Eşya announced sales revenues of TL 1,430 mn (Euro 439 mn) and net profit of TL 194.7 mn (Euro 59.8 mn) in 1H16.
Click here for 1H16 CMB financials.