BGC Partners: COVID-19 - Arcelik <ARCLK TI> perspective
Arcelik’s production in China: Arcelik has a washing machine plant in Changzhou, China; in the east of the country – from the Hubei region. Most businesses were to open on February 10, after the Chinese New Year holiday but most pledged to get back to work on February 17 – Arcelik’s plant included – after the COVID-19 outbreak. However, production is only partially resumed as of February 17, because many workers have not returned or are working remotely.Arcelik is engaged in the commercial and industrial activities in respect of the production, sales and marketing, customer services after sales, exportation and importation of consumer durable goods and consumer electronics. Co. has two segments: white goods reportable segment, which comprises washing machines, dryers, dish washers, refrigerators, ovens, cookers and the services provided for these products; and the consumer goods reportable segment, which comprises televisions primarily with flat screens, computers, cash registers, other electronic devices and the services provided to consumers for these products.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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