Friday, 18 October 2019, 02:42AM


Walton starts business in Iraq through exporting compressors


Barta24 Desk | 1 October 2019, 06:10PM

Walton starts business in Iraq  through exporting compressors
Mohanad Al Drraji, Charges d'Affaires of the embassy of the republic of Iraq to Bangladesh, inaugurates the Walton compressor export to Iraq in a function at Walton Hi-Tech Industries Ltd.

Walton, one of the largest South Asian electronics manufacturing companies based in Bangladesh, has started its business in the Republic of Iraq through exporting hermetic reciprocating refrigerator compressors. Walton authorities hoped to expand their business in the middle-east country with various other products.

As Walton has own compressor manufacturing facilities, compressor parts and components are already being exported to many renowned manufacturers around the globe including Germany, Slovakia and Austria. Walton is also in advancement to establishing compressor brand business in Russia, Europe, Middle East and Africa.

Mohanad Al Drraji, Charges d'Affaires of the embassy of the republic of Iraq to Bangladesh, inaugurated the compressor export in a function at Walton Hi-Tech Industries Ltd. (WHIL) in Chandra of Gazipur on Tuesday (October 1, 2019) as chief guest. The function was also attended, among others, by S.M. Ashraful Alam, Managing Director of WHIL and Director S.M. Rezaul Alam.

Walton’s Chief Technical Officer E M Young, International Business Unit (IBU) President Edward Kim, Chief Executive Officer of Walton Refrigerator (CEO) Gulam Murshed, Executive Directors Humayun Kabir, Uday Hakim and Yousuf Ali, COO of Compressor Meer Muzahedin Islam, Deputy Executive Director Firoj Alam, Shahjada Salim, Media Adviser Enayet Ferdous, Senior Additional Director Abdur Rouf and Mohashin Ali Molla were among others present on the occasion.

Mohanad Al Drraji said: I am happy to see the gigantic factory of Walton. Every Bangladeshi should be proud of Walton. They started exporting goods from Bangladesh to Iraq through compressors which opens a new horizon in the bilateral trade relation between Bangladesh and Iraq.

Iraq has a huge potential market for products made in Bangladesh. I believe Walton products will be well accepted in Iraq. I welcome Walton to Iraq, the Iraqi diplomat added.

Terming the compressor export as the beginning of a new business era from Bangladesh to Iraq, S.M. Ashraful Alam, said, we have become a trusted local brand in the consumer Electrical and Electronics (E&E) industry in Bangladesh through our strong manufacturing base, quality product, competitive price, extensive market coverage and prompt after sales services. As a result, within a very short period of time, we have captured substantial market share and have positioned ourselves as one of the key market players in the E&E industry in Bangladesh as well as South Asia, Middle East, African & European countries.
Bangladesh is going towards a new milestone of exporting electronic products and within very short time Walton will make Bangladesh one of the largest consumer electronics exporters. We have strong determination and detailed master plan to be recognized as the most reliable business partner of many global brands, he added.

Informing that Walton products are being exported to more than 35 countries, Mr. Edward Kim said: In order to drive and expand our global business operation in the electronics segment, we are moving towards North and South America, Middle East, Africa, Russia and European countries very committedly and we profoundly marking our footprint in Iraq for the first time to journey with one of our most featured products. This is just the beginning and we are getting many new orders of our electronics goods constantly. In all our items, we maintain CE, CB, RoHS, REACH, EMC, EU, USA along with other global quality standards.
Recently, Walton signed contracts with South-Korean brand Hyundai and a renowned brand in India for supplying them huge quantity of consumer electronics. The 'Made in Bangladesh' Walton products are also going to be available in North American market through world's top e-commerce platform Amazon.

Prior to inaugurating compressor export to Iraq, Mohanad Al Drraji and his entourages visited the product display center and various production units including refrigerator, compressor, dye mold, glass-door, air conditioner, LED TV, laptop etc.

Press Release