Bilal9
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Seems like non-garments sectors aren't doing so badly. We need to reduce dependence on garments and we should do this as urgently as Modi's 'Make in India' campaign.
Here's a report about Bangladesh' major durable goods and electronics mfr. Walton. If this one single company is making 1.5 million fridges a year with their own compressors (mostly domestic consumption in Bangladesh), and Indians are producing a total of 8 Million a year (with a lot of imported components) for their own market then my hats are off to Walton and their customers. Provided the numbers are correct of course....(sources appear below).
Just to state, my intention is not to initiate a pissing contest with Indians, but credit is due where it is due. Bangladeshi mfrs. have done well considering where we were only a few years ago.
IMHO, Walton should step up their DUBAI export drive for penetrating African and Middle East markets for refrigerators and Aircons.
Link to the Ernst and Young 2015 report for durable goods mfrs. (TV, refrigerators and Aircons) in India,
http://www.ey.com/Publication/vwLUA...-indian-electronics-and-consumer-durables.pdf
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Walton targets to sale 1.5m fridges in 2016
Published:23 Jul 2016 06:00:43 PM Saturday || Updated:24 Jul 2016 12:33:08 PM Sunday
Walton increases fridge production
Economic Correspondent: The country’s electronics giant ‘Walton’ has set a target of selling 1.5 million fridges in the current year, an effort to make a milestone in the country’s fridge market.
To meet the target, the local company has already undertaken massive preparations, including increasing fridge production through installing state-of-the art equipments, releasing new models no-frost fridges with inverter technology, adding well-timed working plans in the marketing strategies, opening new sales point in the potential blank points.
According to Walton officials, it sold out about 9.65 lakh fridges in last year and surpassed the target of selling out 9.60 lakh pieces fridge. Witnessing the previous year’s growth and demand hike for Walton brand fridges, the authority has set a target of selling 1.5 million fridges, a 50 percent growth over the last year’s sales. Already, the local brand has sold out about seven lakh pieces fridge during the first half of the current year.
Dwelling on the growth target, Walton Group’s Operative Director Uday Hakim said, this year about two million pieces of fridges would be sold out following the ongoing sweltering summer heat. Of which, Walton targets to sell out 1.5 million fridges as it introduced new models of one-door small size fridges and intelligent inverter technology’s fridges this year, he said adding, thus the demands for Walton brand fridges have been soared across the country.
The officials said, Walton released some models of intelligent inverter non-frost refrigerators of different capacities, including 323 liter, 348lt, 386lt, 396lt, 430lt, 512lt, 526lt and 585 lt. Among these, 3-door non-frost refrigerator (526lt) is receiving sound response from the customers. More models of non-frost refrigerators would be introduced in the local market very soon. The refrigerators with such technology are being manufactured at Walton factories in accordance with the standards of European and American markets. And, ‘intelligent inverter’ non-frost refrigerators consume 30 to 40 percent lower electricity than the induction technology based refrigerators.
They also informed that Walton is going to introduce one-door small size refrigerators of different capacities, including 110 and 125 liter, in the current month. These refrigerators would be very much suitable for bachelor, office, hotel and restaurants.
Walton Group’s Executive Director and Head of Marketing Amdadul Hoque Sarker said, Walton always brings surprise for its valued customer in the local fridge market. This year, We are giving surprise to the customers through releasing ‘intelligent inverter’ refrigerators and new models of eye-catching world-class fridges.
Pointing at the achievement of current year sales target, Sarker said, “Witnessing the fridges’ sales during the first four months of the current year, we are very much optimistic about the fulfillment of our current year’s target for fridges. The sales would be increased substantially in the coming months, he added.
Walton is now manufacturing 77 models of fridges with the combination of advanced technologies, modern equipment and skilled engineers at its own factory at Chandra in Gazipur.
Walton brand fridges has turned into the customers’ first choices due to some distinctive features, like application of world’s latest technology, reasonable rates, world-class quality, eye-catching designs and colours, six months replacement guaranty, eight years guaranty for compressors, swift after sales services through ISO certified Service Management System, and nationwide sales and service points.
Walton’s Engineer Al Imran said they are marketing each and every fridges after getting the quality testing certificate from NUSDAT-UTS testing lab, the country’s first ever and sole testing lab for electronics products and also accredited by ILAC member countries.
Here's a report about Bangladesh' major durable goods and electronics mfr. Walton. If this one single company is making 1.5 million fridges a year with their own compressors (mostly domestic consumption in Bangladesh), and Indians are producing a total of 8 Million a year (with a lot of imported components) for their own market then my hats are off to Walton and their customers. Provided the numbers are correct of course....(sources appear below).
Just to state, my intention is not to initiate a pissing contest with Indians, but credit is due where it is due. Bangladeshi mfrs. have done well considering where we were only a few years ago.
IMHO, Walton should step up their DUBAI export drive for penetrating African and Middle East markets for refrigerators and Aircons.
Link to the Ernst and Young 2015 report for durable goods mfrs. (TV, refrigerators and Aircons) in India,
http://www.ey.com/Publication/vwLUA...-indian-electronics-and-consumer-durables.pdf
-----------------------------------------------------------------------------------------------------------------------------
Walton targets to sale 1.5m fridges in 2016
Published:23 Jul 2016 06:00:43 PM Saturday || Updated:24 Jul 2016 12:33:08 PM Sunday
Walton increases fridge production
Economic Correspondent: The country’s electronics giant ‘Walton’ has set a target of selling 1.5 million fridges in the current year, an effort to make a milestone in the country’s fridge market.
To meet the target, the local company has already undertaken massive preparations, including increasing fridge production through installing state-of-the art equipments, releasing new models no-frost fridges with inverter technology, adding well-timed working plans in the marketing strategies, opening new sales point in the potential blank points.
According to Walton officials, it sold out about 9.65 lakh fridges in last year and surpassed the target of selling out 9.60 lakh pieces fridge. Witnessing the previous year’s growth and demand hike for Walton brand fridges, the authority has set a target of selling 1.5 million fridges, a 50 percent growth over the last year’s sales. Already, the local brand has sold out about seven lakh pieces fridge during the first half of the current year.
Dwelling on the growth target, Walton Group’s Operative Director Uday Hakim said, this year about two million pieces of fridges would be sold out following the ongoing sweltering summer heat. Of which, Walton targets to sell out 1.5 million fridges as it introduced new models of one-door small size fridges and intelligent inverter technology’s fridges this year, he said adding, thus the demands for Walton brand fridges have been soared across the country.
The officials said, Walton released some models of intelligent inverter non-frost refrigerators of different capacities, including 323 liter, 348lt, 386lt, 396lt, 430lt, 512lt, 526lt and 585 lt. Among these, 3-door non-frost refrigerator (526lt) is receiving sound response from the customers. More models of non-frost refrigerators would be introduced in the local market very soon. The refrigerators with such technology are being manufactured at Walton factories in accordance with the standards of European and American markets. And, ‘intelligent inverter’ non-frost refrigerators consume 30 to 40 percent lower electricity than the induction technology based refrigerators.
They also informed that Walton is going to introduce one-door small size refrigerators of different capacities, including 110 and 125 liter, in the current month. These refrigerators would be very much suitable for bachelor, office, hotel and restaurants.
Walton Group’s Executive Director and Head of Marketing Amdadul Hoque Sarker said, Walton always brings surprise for its valued customer in the local fridge market. This year, We are giving surprise to the customers through releasing ‘intelligent inverter’ refrigerators and new models of eye-catching world-class fridges.
Pointing at the achievement of current year sales target, Sarker said, “Witnessing the fridges’ sales during the first four months of the current year, we are very much optimistic about the fulfillment of our current year’s target for fridges. The sales would be increased substantially in the coming months, he added.
Walton is now manufacturing 77 models of fridges with the combination of advanced technologies, modern equipment and skilled engineers at its own factory at Chandra in Gazipur.
Walton brand fridges has turned into the customers’ first choices due to some distinctive features, like application of world’s latest technology, reasonable rates, world-class quality, eye-catching designs and colours, six months replacement guaranty, eight years guaranty for compressors, swift after sales services through ISO certified Service Management System, and nationwide sales and service points.
Walton’s Engineer Al Imran said they are marketing each and every fridges after getting the quality testing certificate from NUSDAT-UTS testing lab, the country’s first ever and sole testing lab for electronics products and also accredited by ILAC member countries.
