Arçelik has announced a major leadership change, confirming that long‑serving CEO Hakan Bulgurlu will step down after more than a decade leading Beko and 32 years within the Koç Group.
Bulgurlu will be succeeded by Can Dinçer, who currently serves as General Manager of Arçelik Türkiye and Chief Commercial Officer for South Asia and Turkey. The transition is scheduled to take effect following the company’s next Annual General Meeting.
To ensure continuity, Bulgurlu will remain on the Board of Directors of Beko BV until June 2026, supporting a smooth handover. He will also continue in his role as President of APPLiA Europe, the association representing the European home appliance industry, until the end of his term.
This marks one of the most significant leadership shifts in the sector this year, positioning Dinçer to guide Arçelik through its next phase of global growth and innovation.
Tag Archives: Arçelik
Arçelik Unveils ThermoGurme: A New Era of Smart Cooking Technology
For 70 years, Arçelik has placed technology at the heart of everyday life, consistently prioritizing innovation to shape the future of home appliances. This legacy continues with the introduction of ThermoGurme, the brand’s groundbreaking smart food processor, showcased at “The Kitchen”—Arçelik’s immersive experience space located within the Bolu Cooking Appliances Plant.
A Vision of the Future, Built Into One Device
ThermoGurme represents more than a new product launch; it embodies Arçelik’s forward‑looking vision for kitchen technology. Designed as an intelligent cooking ecosystem, the device manages the entire culinary journey—from preparation to cooking—within a single, seamless platform.
Key features include:
– 30 automatic programs that bring professional‑level precision into the home
– High‑accuracy temperature control ranging from 37°C to 150°C
– Wi‑Fi connectivity that unlocks a rich digital recipe world
– Multi‑functional design capable of preparing four different dishes simultaneously
This combination of engineering excellence and user‑centric design transforms ThermoGurme into both a reliable kitchen companion and a tool that expands creative freedom for home cooks.
Technology That Simplifies, Inspires, and Elevates
ThermoGurme is built to simplify complex kitchen processes, making advanced cooking techniques accessible to everyone. Whether you’re experimenting with new recipes or streamlining everyday meals, the device blends smart solutions with intuitive functionality.
Arçelik continues to push boundaries by integrating inspiration, technology, and intelligent solutions into the modern kitchen—empowering users to cook with confidence and creativity
Arçelik Narrows Losses in Q3 2025, Eyes Global Gains
In the third quarter of 2025, Arçelik—majority owner of Beko Europe—reported a net loss of 2 billion Turkish lira (€41 million), falling short of analyst expectations, which had forecast a more modest 1.1 billion lira (€22 million) deficit. Despite the miss, the result marks a notable improvement over the same period in 2024, when losses ballooned to 5.6 billion lira (€114 million).
Revenue for the quarter declined 11% year-over-year, landing at 124 billion lira (€2.53 billion). The drop reflects a slowdown in domestic appliance demand, as many Turkish households had already front-loaded purchases in recent years to hedge against inflation.
Looking ahead, Arçelik aims to preserve EBITDA margins between 6% and 6.5% for the full year by trimming capital expenditures—from a projected €300 million down to €250 million.
On the global front, the company expects a 5–10% boost in foreign currency earnings by year-end, driven by performance across Beko Europe, Egypt, and Asia.
Arçelik Secures €150 Million EBRD Loan to Accelerate Green Manufacturing in Turkey
Turkish home appliance giant Arçelik has announced a new €150 million ($173.9 million) financing agreement with the European Bank for Reconstruction and Development (EBRD), aimed at advancing its environmentally sustainable manufacturing initiatives.
The funding will be split into two strategic components:
– €83 million will be allocated to Turkey’s first externally verified green loan in the manufacturing sector. This portion will support Arçelik’s comprehensive green investment program, including the transformation of production processes, modernization of facilities, and R&D efforts focused on developing eco-friendly appliances.
– €67 million will be used to upgrade key manufacturing sites—specifically, the refrigerator plant in Eskişehir and the cooking appliances facility in Bolu—enhancing energy efficiency and operational sustainability.
This latest investment builds on a previous €150 million EBRD loan that enabled Arçelik to produce quieter, more energy-efficient refrigerators and washing machines, which have seen strong demand in international markets.
According to the company, these new initiatives are designed to help meet its 2030 climate goals and align with the broader objectives of the Paris Agreement
Beko Radomsko Reaches 45 Million Appliances
A major achievement has just rolled off the production lines at Beko Radomsko facilities in Poland—the 45 millionth home appliance! This landmark moment reflects years of dedication, innovation, and teamwork.
Since opening its doors in 2008, Radomsko has evolved into one of Central Europe’s largest and most advanced manufacturing hubs. With six dishwasher lines and four washing machine lines, the site produces over 3 million appliances annually, serving households across the continent.
👷♀️👷♂️ At the heart of this success are the 1,500 talented colleagues who power Radomsko’s growth. As Michele Fabbrocile, MBA, MSc, Director of the Radomsko plants, proudly shares:
> 💬 “Our employees are the heart of this plant and the main reason why we have continued to grow for so many years.”
Radomsko operates under World Class Manufacturing standards, with continuous investment in cutting-edge technology, sustainable practices, and product excellence. It’s not just a cornerstone of our production network—it’s a benchmark for responsible industry.
Beko most sustainable
Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the second year running, earning a place in the Top 20 and securing the #1 position in its industry.
Arçelik shareholder appears willing to further review Beko Europe divestment plan
The Minister of Enterprise and Made in Italy Adolfo Urso and the Undersecretary of the Mimit Fausta Bergamotto have apparently received assurances from the top management of the Koç group , which includes Arçelik , a 75% shareholder of Beko Europe , that the former Whirlpool plant in Comunanza will not be closed. The minister himself announced this, having met members of the government and representatives of many industrial groups in Turkey.
According to Urso, yesterday’s meetings “further improved the prospects of the industrial plan”, which will be presented to the unions on Monday.
The update of Beko’s industrial plan reported overall in Italy – writes Il Sole 24 Ore – about 200 fewer redundancies than the initial plan (from 540 to 350) among the workers of the Cassinetta di Biandronno plant, in the province of Varese, but with the confirmation of the number expected in the Melano (68) and Carinaro (40) sites together with those, 678, of the employees. As for the Siena plant, for which the stop at the end of 2025 is confirmed, today at Mimit there will be a meeting with the president of the Tuscany Region and the mayor of the city to examine the acquisition of the plant by a public structure in order to overcome the problem of excessive rental costs in view of making the site available to a new investor.
Arcelik financial
Arçelik has released its financial data for Q4 2024. Sales increased by 19% year-on-year to 108.3 billion Turkish liras (€3 billion), but were down 3% from the previous quarter. EBITDA dropped by 9% to 4.8 billion Turkish liras (€0.13 billion), with a profit of 1.7 billion Turkish liras reported to shareholders.
For the entire year of 2024, Beko Europe’s parent company recorded sales of 428.5 billion Turkish liras (€11.61 billion) and an operating profit of 15.8 billion Turkish liras (€0.4 billion), a 30% decrease. EBITDA was 25% lower than in 2023, at 23 billion Turkish liras.
Arçelik to close factories
Arçelik, which has now decided to close its 3 factories in Italy after Poland, is increasing its production volumes in Turkey while investing in Egypt.In a recent statement regarding the €110 million investment plan in Italy, it was mentioned that “As outlined in our company’s special situation statement dated November 7, 2024, negotiations are ongoing with the Italian Ministry of Companies and Made in Italy (Ministero delle Imprese e del Made in Italy) and other relevant authorities, national and regional unions, and employee representatives to evaluate the long-term sustainable transformation plan for our Italian operations.”
The statement further elaborated:
“Our goal to establish Italy as a strategic hub for industrial design and the cooking appliances category remains steadfast. We plan to invest €110 million in our Italian operations in the coming periods. Carinaro is expected to continue as the center for spare parts and renovation. To enhance profitability and efficiency, we aim to rescale some production operations related to the laundry and cooling categories in Cassinetta, Siena, and Comunanza. Additionally, we will initiate industrial transformation processes in certain areas and evaluate all strategic options, including potential disposals. Regardless, production in these factories will continue until the end of 2025.
The Ministry and union representatives have expressed their views on safeguarding local employment and have requested a re-evaluation of the submitted proposals. Negotiations will continue with unions and employee representatives for the approximately 2,000 employees expected to be impacted by this process across all our operations in Italy.”
Beko Europe confirmed the cuts in Italy
Turkey’s Arcelik, the parent company of Beko, plans to cut nearly 2,000 jobs in Italy, reducing its workforce in the country by almost half, according to trade unions. During a meeting hosted by Italy’s industry ministry, the company announced 1,935 redundancies out of a total of 4,440 employees.
Beko Europe confirmed the job cuts, citing financial underperformance in its Italian operations due to increased competition from Asian companies and weakened demand. The company stated that factory utilisation rates were below 40%, making them unsustainable. To address this, Beko plans to invest 110 million euros ($116 million) to restructure its operations in Italy and establish a sustainable long-term presence.
However, Italy’s industry ministry deemed the plan unacceptable and stated that the government would use all available means to try to protect jobs.
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