Walton inks deal with European company to supply compressor components

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, said a Walton press release on Saturday.

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

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, 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 were also present in the signing ceremony.

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 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 has developed countries like Austria."

Walton IBU's President Edward Kim said, Walton sets a vision titled 'Go Global 2030.' To make it true, we greatly emphasized on the rapid expansion of our global business. And thus, we are working on the market penetration in the Europe's 21 countries by 2021."

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 eighth compressor producing country in Asia and 15th in the world. 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.