Vestel Elektronik Sanayi Ve Ticaret AS - Company Profile
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Business Description
Vestel Elektronik Sanayi Ve Ticaret AS (Vestel Electronik), a subsidiary of Zorlu Holding AS. The company manufactures consumer electronics products and lithium batteries. The company’s product portfolio includes televisions, washing machines, refrigerators, cookers, ovens, smartphones, digital products, LED lighting products, and small home appliances.
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R&D Overview
Vestel Electronik’s R&D arm focuses on leveraging its technical infrastructure to transform knowledge into technology and technology into products. The company employs 1,583 people in its R&D team. These resources work with state-of-the-art devices, collaborate with universities, and engage in national and international projects to stay at the forefront of technological advancements. It keeps its R&D strategies current by monitoring global technology platforms, ensuring it remains a leading producer of LCD TVs in Europe. Vestel Electronik’s innovative approach has enabled the development of proprietary LCD module technology, positioning it as one of the few European manufacturers capable of producing these modules. The company, by integrating industrial design into R&D processes effectively. Its R&D efforts prioritize developing energy-efficient technologies, customizing products for diverse markets, and enhancing product ergonomics and design. It aims to produce quality, innovative products that meet consumer needs and preferences. In FY2024, the company incurred expenses of TRY2,561 million on R&D activities, which as a percentage of revenue, stood at 1.8%.
Business Segments
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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