Walton (company)

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Walton Hi-Tech Industries Limited Bangladesh
Private Limited Company
Industry Conglomerate
Founded 1977
Headquarters Jiban Bima Bhaban(Level- 3), Dhaka, Bangladesh
Area served
Worldwide
Key people
S.M. Nurul Alam Rezvi (Chairman)
Products Consumer Electronics, Automobile, Mobile Phone, Home Appliances
Number of employees
16000+
Slogan Made in BangladeshTemplate:Flagion
Website www.waltonbd.com

Walton (Bengali: ওয়াল্টন) is a brand of WALTON Group is a conglomerate based in Dhaka, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile and Walton Electronics. Walton produces electronics, motor vehicles, and telecommunications products.[1][2]

WALTON Group of Industries was founded by S.M Nurul Alam Rezvi in 1977 as a trading company. Over the next three decades the group diversified into steel, textiles, electronics and automobiles. Walton entered into the steel industry in late 1970s and the electronics and automobiles in early 2000s; these areas would drive its subsequent growth. Since the 2000s Walton has expanded towards electronics and automobiles and these became its most important sources of income.

Walton is one of the highest taxpayers in Bangladesh and has a strong impact on the country's economy. Walton has received the Best Taxpayer Award at the just-concluded Dhaka International Trade Fair (DITF) 2015 for the seventh time.[3] It was awarded for its export revenues. Walton received awards at the 2013 Dhaka International Trade Fair (DITF), including one for paying the most taxes.[4]

Walton Hi-Tech Industries Limited[edit]

Walton Hi-Tech Industry Limited (WHIL) is the sister concern of WALTON Group and it is the manufacturing and assembly plant of Walton consumer electronics and automobiles based in Chandra, Gazipur. It was formed in 2002 and construction completed in 2006, beginning operations from 2008. The total area of the factory is 2,160,000 square feet (201,000 m2). 8000 technical professionals and staff work in this factory. There are several units inside the factory where various components of refrigerator, freezer, motorcycle, air-conditioners and their spare parts are designed, manufactured and assembled. Walton decided to manufacture its own compressor and engines for its refrigerators and motor cycles. The company aims to produce 3 million refrigerator compressors and 300,000 motorcycle engines.[5] Walton inaugurated its new refrigerator manufacturing factory on April 5, 2013.[6]

Walton Micro-Tech Corporation[edit]

Walton Micro-Tech Corporation is situated near the Walton Hi-Tech Industries Limited’s factory at Chandra in Gazipur. It is the manufacturing, assembling and R&D plant for Walton's televisions (CRT, LCD, LED), home appliances (blender, rice cooker, induction cooker, air fryer, rechargeable fan, air cooler, hair dryer, DVD players etc), battery, electric motor, sound bar, smartphone, tablet, feature phone etc.

References[edit]

  1. ^ http://m.gulfnews.com/bangladesh-electronics-giant-walton-enters-gcc-market-1.990514
  2. ^ http://www.daily-sun.com/details_yes_29-01-2012_Walton-will-be-global-brand-by-2015_40_1_3_1_29.html
  3. ^ "Walton receives Best Taxpayer Award at DITF". Retrieved 2015-05-18. 
  4. ^ "Walton gets 1st prize in Premier category at DITF". The Financial Express. Retrieved 24 March 2013.  |first1= missing |last1= in Authors list (help)
  5. ^ "Walton to set up compressor , engine producing units". The Financial Express. 17 May 2012. Retrieved 28 March 2013.  |first1= missing |last1= in Authors list (help)
  6. ^ "Walton's new fridge making factory opens on April 5". waltonbd.com. 2013-03-28. Retrieved 28 March 2013.  |first1= missing |last1= in Authors list (help)

External links[edit]