Dawlance: Difference between revisions
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{{Infobox company |
{{Infobox company |
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| name = Dawlance |
| name = Dawlance |
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Revision as of 12:39, 21 July 2018
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| Company type | Private |
|---|---|
| Industry | Electronics and Home Appliances |
| Founded | 1980 |
| Founder | Bashir Dawood |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Hakan Burgurlu, Saleh, Ozgur |
| Products | Refrigerators, Air conditioners, Microwave Ovens, Water Dispensers, Washing Machines, Deep Freezers |
| Revenue | $220.6 million |
Number of employees | 4000 |
| Parent | Arçelik |
| Website | Dawlance |
Dawlance is a Pakistani manufacture of major home appliance's based in Karachi. Founded in 1980, it was acquired by Istanbul based Arçelik in 2016.[1][2]
Dawlance has three factories, two sites in Karachi and one in Hyderabad, with a total of 4,000 employees.[3] It manufacture's washing machines, freezers, split air conditioner and microwave oven's.
In 2015, Dawlance had revenues of $220.6 million selling product's in Pakistan and Middle East. Similarly, its EBITDA earnings amounted to $45 million. It has 37 branches in addition to 750-plus franchises across the country [4]
It was acquired by Arçelik in November 2016 for $258m, and since then function's a wholly owned brand for Arçelik.[5]
References
- ^ "Dawlance Official Website". Dawlance. Dawlance. Retrieved 11 July 2016.
- ^ Ali, Ahmed. "TURKISH BASED ARCELIK ACQUIRE DAWLANCE GROUP FOR $258MN". Business Recorder. Retrieved 11 July 2016.
- ^ Khan, Aamir Shafaat. "Steady business growth in home appliances". Dawn. Retrieved 11 July 2016.
- ^ "Turkish company to acquire Dawlance for $258 million - The Express Tribune". The Express Tribune. 2016-07-01. Retrieved 2016-10-31.
- ^ "Arçelik to finalise Dawlance acquisition by November 7 - The Express Tribune". The Express Tribune. 2016-10-31. Retrieved 2016-10-31.
External links
Categories:
- Manufacturing companies based in Karachi
- Companies established in 1980
- 1980 establishments in Pakistan
- Consumer electronics brands
- Electronics companies of Pakistan
- Electrical engineering companies of Pakistan
- Home appliance manufacturers of Pakistan
- Pakistani brands
- Pakistani subsidiaries of foreign companies
- Mergers and acquisitions of Pakistani companies