Arcelik establishes global research and development center at NUST.

The parent company of Dawlance, Arcelik has established its second RandD center in Pakistan at the National University of Science and Technology (NUST). Arcelik is the 2nd largest manufacturer in Europe, operates in 53 countries with 83 subsidiaries has 30 RandD centers around the World.

Arcelik produces leading sustainable and innovative home appliances products at its, cutting-edge technologies in nine countries. For fostering innovations in Pakistan, Arcelik established an RandD center in Karachi in 2017 just after the acquisition of Dawlance and now is making a new investment to establish an Arcelik Global Research and Development (RandD) Center, at the National University of Sciences and Technology (NUST), in Islamabad to accelerate its effort to grow in Pakistani market. The new RandD center was inaugurated with a ceremony attended by the Pro-Rector of NUST RIC - Air vice Marshal (Retired) Dr. Rizwan Riaz, the President of Koc Holding Consumer Durables Group Dr Fatih Kemal EbiclioAlu, Arcelik Chief Commercial Officer of Turkey and South Asia Can Dincer, Arcelik Chief Production and Technology Officer Nihat BayA+-z, CEO of Dawlance Umer Ahsan Khan and Pakistani officials.

Arcelik's Executive Director of RandD - Mr. Emre OAuz and the Chief Executive Officer of Dawlance (Pakistan) - Mr. Umer Ahsan Khan signed this historic agreement, at the NUST University in Islamabad, along with Pro-Rector RIC - Air vice Marshal (Retired) Dr. Rizwan Riaz. This initiative will deploy highly qualified engineers to train the youth in modern skill sets for creating a globally competitive workforce in Pakistan In the inauguration, Dr. Fatih EbiclioAlu, President of Consumer Durables at the parent company of Arcelik - Koc Holding, stated that "Consistently creating value for our stakeholders, expanding and diversifying our global reach, and putting our customers first are the pillars of Koc Holding's vision. We see Pakistan as a key developing market for local manufacturing, RandD and future export hubs. Pakistan is a very high-potential country in information technologies and is well on track to become a leader in STEM. We believe that the RandD center in NUST will serve to the strategic national

objective of the country. Focusing on software development, this RandD center, marking first among our 30 RandD centers of Arcelik, will support the needs of all Arcelik subsidiaries worldwide.

Arcelik plays a leading role in global home appliance industry thanks...