Walton inks deal with European company to supply compressor components

Country electronics giant Walton has inked a long-term business agreement with German-based global renowned household compressor manufacturer Secop-Gmbh’ to export locally produced compressor components.

The agreement was signed between Walton and Secop at a programme, organised on an online platform at Walton Corporate Office in the capital on Thursday (May 27, 2021).

Walton’s International Business Unit (IBU) President Edward Kim and Secop’s Procurement Director Gerald Kober inked the business agreement on behalf of their respective organisations.

Virtually, Walton Hi-Tech Industries Limited Director Nishat Tasnim Shuchi, Bangladesh’s Ambassador in Austria Muhammad Abdul Muhith, Walton Compressor Chief Executive Officer Rabiul Alam and Walton’s Deputy Executive Director Rezaul Islam Minar.

Following proper health safety rules as well as maintaining social distance, Walton’s Executive Director SM Zahid Hasan, Compressor’s Chief Operating Officer Nasir Uddin Mondal, Deputy Executive Director Abdur Rouf, Senior Deputy Director Arifin Nadvi, among others, also attended the programme.

Welcoming the business agreement between Walton and Secop, Walton Hi-Tech’s Director Nishat Tasnim Shuchi hoped that it would be a very fruitful and long-term business journey for both of us.

Secop’s Procurement Director Gerald Kober said, “Today, we set out a business collaboration with Walton. Initially, we are taking compressor’s metal casting parts from Walton. We will find out the scope of taking other sorts of compressor components from Walton. We are confident in a long-term potential business collaboration with Walton in the future.

Bangladesh’s Ambassador in Austria Muhammad Abdul Muhith said, Now, domestic industries are manufacturing fridge, television, air conditioner, compressors like hi-tech electronics goods and components. Today as a Bangladeshi, I am very proud knowing it that the Bangladeshi renowned brand Walton is exporting locally made hi-tech in the world’s developed countries like Austria.

Guests attend a programme titled “Business Agreement Sign between Walton and Secop” held on an online platform at Walton Corporate Office in the capital.

Walton IBU’s President Edward Kim said, this partnership signing has a very special meaning for Walton to prove our confidence as a one of fast-rising and reliable company in EU.

Walton set a clear vision titled ‘Go Global 2030’ this year with all the Walton family and this year 2021 will be the first year for our aggressive journey into the world.

To make it true, we greatly emphasized on the rapid expansion of our global business and entering into 21 countries in EU this tear and furthermore, we plan to set up Walton sales office in UAE, German, India, USA and Nepal.

Walton Compressor’s CEO Rabiul Alam said, “Walton has been manufacturing and marketing the world's most 'silent and durable' compressor and the necessary components. The countries only compressor manufacturing industry was equipped with metal casting foundry, research and development and world-class quality control laboratories with state-of-the-art testing equipment and machineries. After meeting own internal demand, Walton is exporting compressor and its components to different countries of the world like Turkey, Italy, Austria, Slovakia, Iraq etc.”

Mentionable, Bangladesh is the 8th compressor producing country in Asia and 15th in the world. The country’s only compressor manufacturing industry was set up on 16 lakh square feet areas of land at Walton Hi-Tech Industries Limited in Chandra, Gazipur.