Brussels, 12/12/2012 (Agence Europe) - The European Investment Bank (EIB) is providing a loan of €100 million to Arçelik A.S. for its research and development programme to improve product performance and broaden its product range.
This long-term EIB loan to Arçelik will finance its R&D activities in the fields of energy efficiency, advanced material technologies, innovative technologies, product design, smart home connectivity and clean manufacturing over the period 2012-2015. Arçelik is the third largest home appliance manufacturer in Europe and is strongly committed to the in-house development of its technology. Arçelik's R&D organisation employs more than 850 researchers and engineers and cooperates closely with several Turkish and international universities. (OL/transl.fl)