STOCK TITAN

ARCELIK A S (ACKAY) Stock News, Aug 2020-Jul 2021

ACKAY OTC
Rhea-AI Summary

Arçelik A.Ş. and Hitachi Global Life Solutions, Inc. have announced a new joint venture, Arçelik Hitachi Home Appliances B.V., operationally based in Bangkok, Thailand. This venture, effective from July 1, 2021, involves transferring 11 subsidiaries from Hitachi GLS to focus on manufacturing and selling Hitachi-branded home appliances outside Japan. The joint venture aims to leverage technological strength and supply chains to enhance competitiveness in the global market, especially in APAC, while committing to sustainability and innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

On September 21, 2020, Arçelik announced its achievement of carbon neutrality in global production operations, aligning with the 2030 United Nations Sustainable Development Goals. The company generated 305,407 tons of CO2e emission reductions through its Carbon Financing Project in Turkey. With a target of a $50 million investment in renewable energy, Arçelik plans to enhance its sustainability initiatives. By 2030, they aim to establish 15 MW of renewable energy systems and achieve a 45% reduction in energy consumption per product during production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

The University of Cambridge's Open Ventilator System Initiative team, partnered with Arçelik and its subsidiaries Beko and Defy, received The President's Special Award for Pandemic Service for creating affordable ventilators during the COVID-19 pandemic. The initiative led to the production of the Impilo ventilator, the first intensive care ventilator manufactured in Africa, aiming to support developing countries. Arçelik has produced 5,000 ventilators on a not-for-profit basis, with shipments to 18 countries, enhancing its commitment to global health initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of ARCELIK A S (ACKAY)?

ARCELIK A S (ACKAY) last closed at $7.95.

What is the market cap of ARCELIK A S (ACKAY)?

The market cap of ARCELIK A S (ACKAY) is approximately $1.1B.