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In the mid-1990s, Dawlance began manufacturing air conditioners, microwave ovens, washing machines and water dispensers in Pakistan. [5] In 2015, Dawlance had a revenue of $220.6 million selling product's in Pakistan and Middle East. Similarly, its EBITDA earnings amounted to $45 million.
As of 2024, locally manufactured and assembled televisions had a 90% market share, 70% to 75% air conditioners (AC) were manufactured locally and 80% domestic demands of refrigerators were met by local manufacturers. Home appliances sold in Bangladesh in 2021 was estimated to be worth $2.4 Billion and is expected to rise to $10 billion by 2030.
The efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER), which is defined by the Air Conditioning, Heating and Refrigeration Institute in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [61]
Pak Elektron Ltd (PEL) was founded in 1956 through a technical collaboration with AEG.In 1978, PEL was acquired by Saigol Group and was taken public a decade later. In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan.
Samsung is a major supplier for Apple – first providing memory for the early iPod devices in 2005, [34] and Apple is a key customer for Samsung – in 2012 its component sales were thought to be worth in the region of $8 billion revenue to Samsung [195] – to the point where Apple CEO Tim Cook originally opposed litigation against Samsung ...
Gree Electric's Chairwoman is Dong Mingzhu, or "Sister Dong" as she is known in China. [2] She was appointed CEO in 2009. [citation needed] She joined the company in 1990.[citation needed] Dong was also the Chairwoman of its largest shareholder at the time, Gree Group, until November 2016. [8]
In 2017, Arçelik acquired Pakistan’s Dawlance for $243M. [25] In 2017, Arçelik and Tata Group has announced a new partnership. Arçelik and Voltas will form a joint-venture in India named Voltbek Home Appliances Ltd. This entity will provide manufacturing, sales, and after-sales services for VoltasBeko branded home appliances (refrigerators ...
Ekhanei.com was launched, as Cellbazaar, in 2006.It was owned by Grameenphone, the largest mobile phone operator in Bangladesh. [5] In 2010, after reaching four million users, it was acquired by Telenor, a major global telecom company with particular strength in Asian markets, [6] [7] with operations in, according to the company website, 13 countries.