Walton inks deal with Kargi to export 300k compressors to Turkey 2022

Bangladeshi electronics and technology giant Walton has set a target of exporting one million or 10 lakh units of compressor to Turkey by 2023.

Of which, the local brand has already shipped out 200k units of compressors. To further export 300k units of compressors in 2022, Walton has inked another fresh deal with the Turkish company named 'Kargi Sogutma Isitma San. Ve Tic. Ltd.,' a renowned brand in Turkey that 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.

The fresh deal was signed between Walton and Kargi on Thursday last at a five-day long ‘ISK Sodex International Trade Fair’ held in Istanbul from 29 September to 2 October 2021.

Walton’s International Business Unit (IBU) President Edward Kim and Kargi’s Managing Director Emin Kargi signed the deal on behalf of their organisations.

Among others, Walton’s Director S M Mahbubul Alam, Senior Executive Directors Tanvir Rahman and Mahfuzur Rahman, Compressor Product’s Deputy Chief Business Officer Nasir Uddin Mandal were also present.

The ISK Sodex is the world’s third largest as well as the largest international trade fair in Eurosean region for ventilation refrigeration and air conditioning technology, which takes place every two years in Istanbul.

Walton first-ever took part in the ISK Sodex fair with a lucrative stall, set up jointly with Kargi at the center of the fair, to showcase ‘Made in Bangladesh’ tagged Walton produced world’s ‘Most Silent and Durable’ compressors. The businessmen from different countries were impressed on the high quality of Walton products.

S M Mahbubul Alam said, ‘participating at the fair, Walton got huge response from global buyers.  Businessmen from Saudi Arabia, Greece, Iraq, Iran, Lebanon and other countries met with Walton representatives and also shown great interest in importing various electronics and technology products made in Bangladesh including compressors.’

Higher officials of the two companies are seen in front of Walton-Kargi stall at ISK Sodex International Trade Fair in Istanbul.

Walton authorities noted that the Bangladeshi brand has set a vision of becoming one of the top global brands by 2030. Therefore, Walton has intensified its export initiatives of electronics and technology products. The exports of Walton products increased more than 10 times amid the Covid-19 pandemic, which is a great contribution to the national economy. The goal of Walton is to establish Bangladesh as a hub of electronics and technology products.

Mentionable, Bangladesh is the 8th compressor manufacturing country in Asia and the 15th in the world. Walton is the country’s only compressor manufacturer. The annual production capacity at Walton is about 4 million units. Walton plans to increase the production capacity to 10 million by 2025. At present, Walton is exporting world-class compressors and spare parts to various countries such as Germany, Austria, Slovakia, Iraq, Turkey, Nepal, East Timor. Apart from compressor, Walton made wide ranges of products are being exported to more than 40 countries in the world.