Aabsal

Aabsal PLC
Type Public
TSE: ASAL1
Industry Major appliances, Small appliances
Founded 1956
Headquarters Tehran, Iran
Area served Persian Gulf, Caspian Sea, Mediterranean Sea
Key people Goodarz Hakimnejad (Chairman & CEO)
Products Clothes washers and dryers, refrigerators, freezers, dishwashers, ranges, compactors, room air conditioners, microwaves ovens, counter top appliances
Website www.aabsal.com

Aabsal (Persian: آبسال, Ābsāl) is one of the major manufacturers of home appliances in Iran.[1] Aabsal was established in 1957 and is listed on the Tehran Stock Exchange.[2] The company manufactures air coolers, gas heaters, gas cookers and washing machines among other products.[3]

Contents

Operations

Aabsal Co. engages in the manufacture and sale of automatic front loading washing machines, dishwashers, water evaporative air coolers, and room Gas heaters in Iran. It also distributes gas cookers. The company serves customers through a network of sales representatives. Aabsal Co. was formerly known as Universal PLC. and changed its name in 1983.[4]

While established in Tehran, Aabsal currently has 348 locations across Iran.[5]

Domestic competitors

Entekhab Industrial Group is a privately owned company, located in the City of Isfahan. It is a leading manufacturer of home appliances such as cookers, washing machines, refrigerators and televisions. Entekhab has a well established brand, Snowa, in the Iranian market and several other newly created brands. As of December 2010, Entekhab owns Daewoo Electronics of Korea. [6] Arj is another main producer of home appliances in Iran.

References

  1. ^ http://www.presstv.com/detail.aspx?id=54395&sectionid=351020102
  2. ^ http://cm1.zawya.com/cm/profile.cfm/cid1002728/Aabsal
  3. ^ http://www.iran-daily.com/1387/3120/pdf/i4.pdf
  4. ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20393372
  5. ^ http://www.aabsal.org/2/services.php
  6. ^ http://www.turquoisepartners.com/iraninvestment/IIM-Nov10.pdf

External links