KONKA Group completed the acquisition of washing machine manufacturing business from Arcelik for $17m.

KONKA Group, a manufacturer and distributor of color televisions, digital mobile phones and LCD, completed the acquisition of washing machine manufacturing business from Arcelik, a manufacturer and distributor of refrigerators, washing machines, and cooking appliances, for $17m. The strong alliance with Arcelik, as one of the major measures of KONKA's Ten-billion-sales-volume Strategy for White Goods, marked the beginning of a new phase for KONKA drum washing machine: a shift from OEM to independent R&D, design, production and manufacturing. In the future, led by KONKA Group's strategic transformation, KONKA white goods will continue to update its products targeting consumer pain points, such as intelligence and healthcare, and enhance its core competitiveness.