Source: Intellinews; JVC & Vestel announced details of their partnership; Oct 4th, 2002


Vestel and JVC yesterday announced the details of their partnership. According to the recently signed agreement Vestel will distribute JVC products (TV sets, CD DVD and video players, plasma TVs, home cinema systems, A/V receivers, videos, digital and analogue cameras), with after sale service. Vestel CEO Omer Yungul said that they produced 400,000 JVC branded TVs, and 300,000 DVD players in 2002, and these figures will be raised to 600,000 and 350,000 next year. Yungul also said that they will make a minimum USD 100mn worth of JVC-branded products in 2003.


The company targets to strengthen its leader position in Europe with 6.5mn TV production next year, and will be the top company among Türkiye's exporters, he said. Zorlu Group CEO Ahmet Nazif Zorlu said that they will make USD 1.25bn of exports this year, and USD 1.5bn in 2003. He noted that Vestel's share in world TV production is 5.5%. 4.8mn of TV production in 2001 will jump to 6.5mn this year and 7mn in 2003, he furthered.


     About Maya   Türkiye   Expansion   Home

 Investments   Restructuring   Legislation   Contact


Please read the legal statement before proceeding.  Maya Associates Limited is a Private Company Limited by Shares with the company registration number 4724644.  Registered address is, 27 Old Gloucester Street London wc1n 3xx, United Kingdom. For your enquiries you may send an e-mail to or a mail to the above address.

Metin Kutusu: Copyright © 2003 Maya Associates Limited. All Rights Reserved.