Dhaka, Bangladesh
Walton will supply consumer electronics to Hyundai Electronics

Walton will supply consumer electronics to Hyundai Electronics

News Report 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. The MoU was signed on Monday (19 August 2019) 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. 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 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." 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 (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. Meanwhile, Mr. 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, Sr. 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 televisions, washing machines and other home appliance in Indian market through Hyundai step by step. 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.

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