Walton to export refrigerators, ACs to India

[The Ronin]

Local electronics manufacturer Walton is all set to export refrigerators and air-conditioners to India.

According to a deal signed on Monday, Walton as an original equipment manufacturer will supply 1 lakh units of refrigerators and 20,000 residential air-conditioners to Hyundai Electronics.

Hyundai will import the products through its partner Goldenarch Consumer Electronics Pvt Ltd.

Edward Kim, president for international business unit of Walton Group, and Abhishek Malpani, director of Hyundai Electronics India, inked the deal at Walton Hi-Tech Industries in Gazipur.

SM Ashraful Alam, managing director of Walton Hi-Tech Industries, and SM Mahbubul Alam, a director, were present at the signing ceremony.


“Bangladesh is going to set a new milestone by exporting electronic products. Within a very short time Walton will make Bangladesh one of the largest consumer electronic goods exporters,” Alam said in a statement.

“We have strong determination and detailed master plan to be recognised as the most reliable business partner of many global brands.”

“I am confident about our product quality and technology leadership as we are continuously investing and ready to invest more for Walton to secure global leadership in terms of technologies, quality as well as design,” he added.

EM Yang, chief technical officer of Walton, said Walton’s products are being manufactured using the world’s most advanced technologies and machinery and quality is strictly maintained in every step of production.

“As a result, Walton is ready to deliver reliable products according to the consumers’ demand in the international market.”

Kim said: “We are very happy to have such a remarkable brand like Hyundai as our sustainable business partner. We will do our best to satisfy our business partners with our differentiated product design and quality.”

Hyundai officials visited various production units of Walton, including refrigerator, compressor, glass-door and ACs.

In July, Walton started exporting ACs to Yemen, a Middle Eastern country. The company has been exporting refrigerators to Yemen for the last couple of years, news agency UNB reported recently.

The company has set a target to earn $1 billion from exports of electronics and electrical appliances by 2028.

https://www.thedailystar.net/business/news/walton-export-refrigerators-acs-india-1788832

 

[TopCat]

@Nilgiri

So it will be Hyundai brand..

But Indians have hard time buying Parle-G these days... Could they afford Walton?

 

[INDIAISM]

@Nilgiri

So it will be Hyundai brand..

But Indians have hard time buying Parle-G these days... Could they afford Walton?

Vehicle ownership per 1000 people in India is 22 and Bangladesh is 4..so i won't be surprised if we will be having more people in Delhi and mumbai who can afford your walton then entire Bangladesh...

 

[bluesky]

Vehicle ownership per 1000 people in India is 22 and Bangladesh is 4..so i won't be surprised if we will be having more people in Delhi who can afford your walton then entire Bangladesh...

Your words are so sweetening to my ears. So, why only Delhi, why not other places? Soon, because of Walton goods spreading all over India, many Indian companies will close their doors. Very sad!!

@Nilgiri, where are you? Do not please keep yourself busy in the restaurant kitchen. Please come out to celebrate with us?

 

[INDIAISM]

Your words are so sweetening to my ears. So, why only Delhi, why not other places? Soon, because of Walton goods spreading all over India, many Indian companies will close their doors. Very sad!!

@Nilgiri, where are you? Do not please keep yourself busy in the restaurant kitchen. Please come out to celebrate with us?

Trade is a two way street i won't mind buying Made in Bangladesh goods if Bangladesh is ready to open its own market for us and till the trade of finished products are balanced...

 

[bluesky]

Trade is a two way street i won't mind buying Made in Bangladesh goods if Bangladesh is ready to open its own market for us and till the trade of finished products are balanced...

Bangladesh market is already open to Indian goods, all kinds of goods.

 

[Chhatrapati]

Walton. Even LG is finding it hard with the competition. And you're selling us this Haier copy.

 

[TopCat]

Walton. Even LG is finding it hard with the competition. And you're selling us this Haier copy.

This will be sold with Hyundai brand.

 

[Chhatrapati]

This will be sold with Hyundai brand.

Good luck to Hyundai then.

 

[monitor]

Its a huge step for Walton if they can get a small ie in the huge Indian consumer electronic market it will be a big boost . but i have little confusion whither Walton will sell side by side with Hyundai or sell as Hyundai brand .

Hyundai brand refrigerators, ACs for India to be ‘Made by Walton’

Edward Kim, president of International Business Unit (IBU) of Walton Group, and Abhishek Malpani, director and chief operating officer of Hyundai Electronics India, are signing a memorandum of understanding at the conference room of Walton Hi-Tech Industries Limited on Monday.
Got the Answer

Aug.21, 2019

BP Business Desk

Hyundai will collect refrigerators and air conditioners from Bangladesh manufactured by the electronic giant Walton for marketing those in India under its own brand.

Hyundai Electronics has signed a memorandum of understanding (MoU) with the leading electronics manufacturer for importing those for Indian market through its partner Goldenarch Consumer Electronics Pvt Ltd.

As per the contract, Walton will supply 100,000 refrigerators and 20,000 residential air conditioners for Hyundai brand as original equipment manufacturer (OEM) for Indian market.

The MoU was signed at Walton Hi-Tech Industries Ltd at Chandra in Gazipur on Monday. Edward Kim, president of International Business Unit (IBU) of Walton Group and Abhishek Malpani, director and COO of Hyundai Electronics India signed the agreement on behalf of their respective organizations, said a company press release.

SM Ashraful Alam, managing director and SM Mahbubul Alam, director of Walton Hi-Tech Industries Ltd along with other senior officials from Hyundai Electronics India were present on the occasion.

Speaking on the occasion, S M Ashraful Alam said, “Bangladesh is moving towards a new milestone of exports of electronic products and within very short time Walton will make Bangladesh one of the largest consumer electronic goods exporter. We have strong determination and detailed master plan to be recognized as the most reliable business partner of many global brands and I am confident about our product quality. As a technology leadership, we are continuously investing and ready to invest more to secure global leadership in terms of technologies, quality as well as design.”

Walton's Korean Chief Technical Officer E M Yang who has 36 years experience in electronics sector, said, "The international standard Walton products are suitable for any customer in any country across the world. Walton has its own R&D (Research and Development) department where talented engineers from home and abroad are constantly researching to produce world-class innovative design products. Walton products are being manufactured using the world's most advanced technologies and machineries and in every step of production quality control is strictly maintained. As a result, Walton is ready to deliver reliable products according to the consumers' demand in the international market.

Edward Kim said, “We are very happy to have such a remarkable brand like Hyundai as our sustainable business partner. We will do our best to satisfy our business partners with our differentiated product design and quality. And globally, Walton has already started working with more than 12 leading brands from Europe, America, India, Middle East and African countries. On top of that, we will continue to drive Walton brand business presence globally in more aggressive way with confidence.”

Abdur Rouf, senior additional director of Walton Group said: “The 'Made in Bangladesh' labeled Walton products are being exported to more than 30 countries around the world. Besides refrigerators and air conditioners, we have plans to go for exports of televisions, washing machines and other home appliances in Indian market through Hyundai step by step.”

Prior to signing the contact, Hyundai officials visited various production units of Walton Industries Ltd including refrigerator, compressor, glass-door, air conditioner. They were amazed to see the advancement of Bangladesh in manufacturing hi-tech products with the state-of-the art technology and world's latest machineries.

Business Desk
22 August, 2019 12:00 AM

Walton Group International Business Unit President Edward Kim and Hyundai Electronics India director and chief operating officer ,Abhishek Malpani exchange documents of MoU at the conference room of Walton Hi-Tech Industries in the capital on Monday.



Hyundai Electronics has signed contract with the leading Bangladeshi electronics product manufacturer, Walton, for importing Refrigerator and Air Conditioner through their partner Goldenarch Consumer Electronics Pvt. Ltd.

Based on the contract, Walton will supply 100k refrigerators and 20k residential air conditioners for Hyundai brand as original equipment manufacturer (OEM) for Indian market, said a press release.

The MoU was signed on Monday at Walton Hi-Tech Industries Ltd. in Chandra of Gazipur. Edward Kim, President of International Business Unit (IBU) of Walton Group and Mr. Abhishek Malpani, Director and COO of Hyundai Electronics India has signed the agreement on behalf of their respective organizations.


SM Ashraful Alam, Managing Director and SM Mahbubul Alam, Director of Walton Hi-Tech Industries Ltd. along with other senior officials from Hyundai Electronics India were present on the occasion.

Speaking on the occasion, S M Ashraful Alam said, “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 electronic goods exporter.”

Walton's Korean Chief Technical Officer E M Yang who has 36 years experience in electronics sector, said, "The international standard Walton products are suitable for any country and customer in the world. Walton has its own R&D department where talented engineers from home and abroad are constantly researching to produce world-class innovative design products.”

Prior to signing the contact, the Hyundai officials visited various production units of Walton Industries Ltd. including refrigerator, compressor, glass-door, air conditioner.

They were amazed to see the advancement of Bangladesh in manufacturing hi-tech products with the state-of-the art technology and world's latest machineries.

 

[Bengal71]

Abhishek Malpani

 

[fallstuff]

Local electronics manufacturer Walton is all set to export refrigerators and air-conditioners to India.

According to a deal signed on Monday, Walton as an original equipment manufacturer will supply 1 lakh units of refrigerators and 20,000 residential air-conditioners to Hyundai Electronics.

Hyundai will import the products through its partner Goldenarch Consumer Electronics Pvt Ltd.

Edward Kim, president for international business unit of Walton Group, and Abhishek Malpani, director of Hyundai Electronics India, inked the deal at Walton Hi-Tech Industries in Gazipur.

SM Ashraful Alam, managing director of Walton Hi-Tech Industries, and SM Mahbubul Alam, a director, were present at the signing ceremony.


“Bangladesh is going to set a new milestone by exporting electronic products. Within a very short time Walton will make Bangladesh one of the largest consumer electronic goods exporters,” Alam said in a statement.

“We have strong determination and detailed master plan to be recognised as the most reliable business partner of many global brands.”

“I am confident about our product quality and technology leadership as we are continuously investing and ready to invest more for Walton to secure global leadership in terms of technologies, quality as well as design,” he added.

EM Yang, chief technical officer of Walton, said Walton’s products are being manufactured using the world’s most advanced technologies and machinery and quality is strictly maintained in every step of production.

“As a result, Walton is ready to deliver reliable products according to the consumers’ demand in the international market.”

Kim said: “We are very happy to have such a remarkable brand like Hyundai as our sustainable business partner. We will do our best to satisfy our business partners with our differentiated product design and quality.”

Hyundai officials visited various production units of Walton, including refrigerator, compressor, glass-door and ACs.

In July, Walton started exporting ACs to Yemen, a Middle Eastern country. The company has been exporting refrigerators to Yemen for the last couple of years, news agency UNB reported recently.

The company has set a target to earn $1 billion from exports of electronics and electrical appliances by 2028.

https://www.thedailystar.net/business/news/walton-export-refrigerators-acs-india-1788832

Good luck to that as these exporters will need it. India customs will probably take apart all the appliances part by part to inspect it, and when they fail to put it together they will claim these are substandard products !!

 

[mb444]

Its a huge step for Walton if they can get a small ie in the huge Indian consumer electronic market it will be a big boost . but i have little confusion whither Walton will sell side by side with Hyundai or sell as Hyundai brand .

Hyundai brand refrigerators, ACs for India to be ‘Made by Walton’

Edward Kim, president of International Business Unit (IBU) of Walton Group, and Abhishek Malpani, director and chief operating officer of Hyundai Electronics India, are signing a memorandum of understanding at the conference room of Walton Hi-Tech Industries Limited on Monday.
Got the Answer

Aug.21, 2019

BP Business Desk

Hyundai will collect refrigerators and air conditioners from Bangladesh manufactured by the electronic giant Walton for marketing those in India under its own brand.

Hyundai Electronics has signed a memorandum of understanding (MoU) with the leading electronics manufacturer for importing those for Indian market through its partner Goldenarch Consumer Electronics Pvt Ltd.

As per the contract, Walton will supply 100,000 refrigerators and 20,000 residential air conditioners for Hyundai brand as original equipment manufacturer (OEM) for Indian market.

The MoU was signed at Walton Hi-Tech Industries Ltd at Chandra in Gazipur on Monday. Edward Kim, president of International Business Unit (IBU) of Walton Group and Abhishek Malpani, director and COO of Hyundai Electronics India signed the agreement on behalf of their respective organizations, said a company press release.

SM Ashraful Alam, managing director and SM Mahbubul Alam, director of Walton Hi-Tech Industries Ltd along with other senior officials from Hyundai Electronics India were present on the occasion.

Speaking on the occasion, S M Ashraful Alam said, “Bangladesh is moving towards a new milestone of exports of electronic products and within very short time Walton will make Bangladesh one of the largest consumer electronic goods exporter. We have strong determination and detailed master plan to be recognized as the most reliable business partner of many global brands and I am confident about our product quality. As a technology leadership, we are continuously investing and ready to invest more to secure global leadership in terms of technologies, quality as well as design.”

Walton's Korean Chief Technical Officer E M Yang who has 36 years experience in electronics sector, said, "The international standard Walton products are suitable for any customer in any country across the world. Walton has its own R&D (Research and Development) department where talented engineers from home and abroad are constantly researching to produce world-class innovative design products. Walton products are being manufactured using the world's most advanced technologies and machineries and in every step of production quality control is strictly maintained. As a result, Walton is ready to deliver reliable products according to the consumers' demand in the international market.

Edward Kim said, “We are very happy to have such a remarkable brand like Hyundai as our sustainable business partner. We will do our best to satisfy our business partners with our differentiated product design and quality. And globally, Walton has already started working with more than 12 leading brands from Europe, America, India, Middle East and African countries. On top of that, we will continue to drive Walton brand business presence globally in more aggressive way with confidence.”

Abdur Rouf, senior additional director of Walton Group said: “The 'Made in Bangladesh' labeled Walton products are being exported to more than 30 countries around the world. Besides refrigerators and air conditioners, we have plans to go for exports of televisions, washing machines and other home appliances in Indian market through Hyundai step by step.”

Prior to signing the contact, Hyundai officials visited various production units of Walton Industries Ltd including refrigerator, compressor, glass-door, air conditioner. They were amazed to see the advancement of Bangladesh in manufacturing hi-tech products with the state-of-the art technology and world's latest machineries.

Business Desk
22 August, 2019 12:00 AM

Walton Group International Business Unit President Edward Kim and Hyundai Electronics India director and chief operating officer ,Abhishek Malpani exchange documents of MoU at the conference room of Walton Hi-Tech Industries in the capital on Monday.



Hyundai Electronics has signed contract with the leading Bangladeshi electronics product manufacturer, Walton, for importing Refrigerator and Air Conditioner through their partner Goldenarch Consumer Electronics Pvt. Ltd.

Based on the contract, Walton will supply 100k refrigerators and 20k residential air conditioners for Hyundai brand as original equipment manufacturer (OEM) for Indian market, said a press release.

The MoU was signed on Monday at Walton Hi-Tech Industries Ltd. in Chandra of Gazipur. Edward Kim, President of International Business Unit (IBU) of Walton Group and Mr. Abhishek Malpani, Director and COO of Hyundai Electronics India has signed the agreement on behalf of their respective organizations.


SM Ashraful Alam, Managing Director and SM Mahbubul Alam, Director of Walton Hi-Tech Industries Ltd. along with other senior officials from Hyundai Electronics India were present on the occasion.

Speaking on the occasion, S M Ashraful Alam said, “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 electronic goods exporter.”

Walton's Korean Chief Technical Officer E M Yang who has 36 years experience in electronics sector, said, "The international standard Walton products are suitable for any country and customer in the world. Walton has its own R&D department where talented engineers from home and abroad are constantly researching to produce world-class innovative design products.”

Prior to signing the contact, the Hyundai officials visited various production units of Walton Industries Ltd. including refrigerator, compressor, glass-door, air conditioner.

They were amazed to see the advancement of Bangladesh in manufacturing hi-tech products with the state-of-the art technology and world's latest machineries.

Walton will manufacture the product but it will be badged as hyundai...

Win win for both.... walton gets to grow....hyundai is free to concentrate on sales and marketing....

Think of it as hyundai is a wholesale buyer for whom walton will custom make the goods for further resale.

Walton will hopefully reap the major share of the benefit for adding the most value in the production to sale process.

 

[The Ronin]

Amazon strikes deal with Walton to export its products to US

The agreement was signed at Walton's corporate office in Dhaka

Bangladeshi electronics manufacturer Walton has signed a deal with global e-commerce giant Amazon to export the former's products to the United States.

Under this agreement, various products of Walton brand will be sold globally using the Amazon platform. This deal will allow Amazon to take all kinds of Walton products, but initially, Walton brand laptops, computers, mobile phones and home appliances products will be sold in the American market.

The agreement was signed at Walton's corporate office in Dhaka on Thursday, where State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak was present as chief guest.

Shashank Pandey, country manager of Amazon BD and Engineer Liakat Ali, executive director of Walton Group and CEO of Computer Products Division signed the agreement on behalf of their respective organizations.

Vice-Chairman of Walton Hi-Tech Industries Limited SM Shamsul Alam, Managing Director SM Ashraful Alam, Walton Corporation Chairman SM Mahbubul Alam, Walton DG-Tech Industries Limited Chairman SM Rezaul Alam, along with the top officials of Amazon and Walton were also present on the occasion.

Speaking on the occasion, Zunaid Ahmed Palak said, ‘Products made in Bangladesh are going to the American market. This is not only a historic day for Walton, but also a historic day for Bangladesh as well. It’s historic day for digital Bangladesh. Walton products are being exported to the country that leading the world's digital economy. This is a big achievement for us.’

Shashank Pandey said, ‘Today is an important day for Amazon, Walton and Bangladesh. There is a global demand for products made in Bangladesh. Through this deal, Walton products will be available on Amazon's global platform.’

Edward Kim said that Walton's target is to build a strong position in the global market through the export of $1 billion worth of products. Therefore, in addition to its own brand, emphasis has been given on increasing the volume of business in the international market through OEM (Original Equipment Manufacturer). This deal with Amazon is opening up our products to the American market that will pave the way for Walton to become one of the world's top brands by 2030.

https://www.dhakatribune.com/busine...deal-with-walton-to-export-its-products-to-us

https://www.risingbd.com/economics-...suvBStslbLw7sLPKNJ_VYrHhErJUiMF4fXN-6RjgX8NZ0

 

[Nilgiri]

@Nilgiri

So it will be Hyundai brand..

But Indians have hard time buying Parle-G these days... Could they afford Walton?

Hello, as usual it wont show up in any actual materialised trade figure.

OEC 2018 when it gets updated will be another sad LDC spectacle for BD....just like 2017 figure:

https://oec.world/en/profile/country/bgd/

In 2018, BD exported 137,000 USD of refrigerator products:

http://www.worldstopexports.com/refrigerators-exports-country/