Walton compressors reach Turkish market
Walton has expanded its export basket further seeing as the local consumer electronics giant started shipments of manufactured in Bangladesh compressors for refrigerators and air conditioners to Turkey.
"We try to export a single million systems of compressors for some African, Middle East countries and Turkey by 2021," said Meer Muzahedin Islam, ceo of Walton Compressor.
The quantity would hit five million by 2025, as even more export places will be explored by enough time, he said.
"The company was busy creating compressors for the neighborhood market until this past year. Now we are trying to serve the foreign nations, as we have already increased our capability to create four million compressors a yr."
On July 7, the compressors were delivered to Turkish service Kargi, which imports, exports and markets hi-tech spare parts for domestic and professional goods throughout Turkey and in addition abroad, especially in European countries.
Walton's International Business Product President Edward Kim and Kargi's Managing Director Emin Kargi signed a package in this regard, building the Turkish brand a distributor of Walton products found in the transcontinental Eurasian country.
"The initiative will pave just how for the expansion of our compressor industry not only in Turkey but likewise across Europe as Turkey has been known as the business enterprise hub of Eurasia," said Kim.
Walton is also attempting to produce a good new series of compressors built with latest technologies, Islam said.
"The commercial creation of this series will improve the present export volumes of Walton compressors by several times."
Commerce Minister Tipu Munshi inaugurated Walton's compressor export through a virtual press conference, arranged by the local brand in its corporate headquarters found in the capital.
Walton now has presence found in over 20 countries around the world.
