Economic Reporter :
The country’s electronics giant ‘Walton’ is going to get another fresh investment of 20 million euros from the German Investment Corporation DEG, a development finance institution of the Federal Ministry for Economic Co-operation and Development of Germany, to expand its global market operation.
Walton will spent this fresh investment on factory expansion and modernization as well as products’ research and development activities. In this context, Lars Nieder, head of Division for KfW and DEG of the German’s Federal Ministry for Economic Co-operation and Development, and Faiyaz Hossain, investment manager of KfW-DEG Dhaka Office, visited Walton factory at Kalikair in Savar recently.
SM Ashraful Alam, managing director of Walton Hi-Tech Industries Limited (WHIL), welcomed them after reaching Walton factory. During that time, Abul Bashar Howlader, chief financial officer of Walton Group, Golam Murshed, chief executive officer of Walton Refrigerator, Etsuro Suzuki, technical adviser for Walton Refrigerator Design and Development, Eun Mog Yang, chief technical officer of WHIL, Tapash Kumar Majumder, Head of Walton Refrigerator R&D, Alamgir Alam Sarker, executive director of Walton, and Yusuf Ali, executive director of Walton, among others, were present.
Then, the German delegates visited the production units of different products in WHIL.
After visiting the factory, he said, “We are very much impressed. I haven’t expected this much. What is done in the last decade, it’s a rocket increase. It’s really stunning. It is really a great success story. I’m very much impressed on their strategy for backward integration for production. From raw materials to latest technology products are manufactured here. They are strongly maintaining highest standard of their production at every stage of production.”
