Bangladesh’s electronics giant Walton is going to enter into the promising Turkish market with the export of its produced ‘Made in Bangladesh’ labelled compressors, undoubtedly made a big opportunity for expanding the local brand’s export market in Turkey and across the Europe.
In its own brand name, Walton launched the first shipment of its compressor’s export to a Turkish company named ‘Kargi’, one of the leading Turkish marketing brands.
Kargi deals with imports, exports and marketing of hi-tech spare parts for domestic and industrial products with comprehensive range of customer portfolio throughout Turkey and also abroad, specially in Europe.
Attending as the chief guest, Commerce minister Tipu Munshi inaugurated the Walton’s compressor export to Turkey through attending a virtual conference, arranged by the local brand at its Corporate Headquarter in the capital on Tuesday (July 7, 2020).
Meanwhile, Turkish brand Kargi inked an agreement with Walton to be a distributor of Walton brand products in the Turkish market. Walton’s International Business Unit (IBU) President Edward Kim and Kargi’s Managing Director Emin Kargi signed the deal on behalf of their companies.
The virtual conference was addressed by National Board of Revenue (NBR) Chairman Abu Hena Md. Rahmatul Muneem, Commerce Secretary Md. Jafar Uddin, Turkish Ambassador in Dhaka Mustafa Osman Turan, Bangladesh Ambassador in Turkey M Allama Siddiki, Walton Hi-Tech Industries Limited Additional Managing Director Engineer Golam Murshed, Walton Compressor’s Chief Executive Officer (CEO) Engineer Meer Muzahedin Islam and Walton Laptop’s CEO Liakat Ali.
The conference was moderated by Walton’s Executive Director Firoj Alam.
Congratulating Walton on exporting compressor to Turkey, Commerce Minister Tipu Munshi said, “While I visited Walton factory, seen that they are manufacturing various types of high quality appliances. I was overwhelmed witnessing the production of compressor like hi-tech products. Walton is exporting compressor, mobile phone and other appliances. It’s a great great initiative for Bangladesh. Really, Walton is a giant in the electronics sector of Bangladesh. I believe that one day Walton would become the leading global brand and also the export volume of Bangladesh’s electronics to Europe, America and other developed countries would be increased.”
NBR Chairman Abu Hena Md. Rahmatul Muneem said, it’s a great news that country’s leading electronics brands Walton is exporting compressor to Turkey. Compressor is also a new export item. Walton are contributing to not only increasing the government revenues but also creating huge employment opportunities.”
Kargi’s Managing Director Emin Kargi said, “I was pleased witnessing the high quality of Walton compressors that were sent as samples. Thus, I were expressed my keen interest to be a distributor of Walton compressor. Today, I am very happy for becoming a Walton brand’s distributor. Thanks to Walton. I hope that kagi will be a sustainable distributor of Walton in the Turkish market.”
Delivering the welcome speech, Edward Kim said that Walton is moving ahead with its single goal- to be the amongst top 5 global electronics brand in the world. The compressor export to Turkey would a milestone towards achieving this goal, he added.
Congratulating Kargi for becoming an exclusive overseas distributor of Walton brand, Kim said, “Turkey, being known as business hub of Eurasia, I expect that this initiative will pave the way of expanding our compressor market not only in Turkey but also across the Europe.”
Walton Compressor’s CEO Engineer Meer Muzahedin Islam said that they are manufacturing world’s most ‘silent and durable’ compressors by using German technologies.
Islam noted that the full-fledged Walton’s compressor manufacturing factory is well-equipped with international standards testing lab, research and development department, metal casting foundry.
Now, they are working on producing a new series of world’s latest technologies compressors, mentioning it he added that commercial production of that series will increase the present export volumes of Walton compressors by several times.
