Walton from importer to manufacturer
Walton is one of the few companies that have successfully transformed from importers to manufacturers, and achieved great success in less than 10 years.
Walton Hi-tech Industries was established in 2006 by Walton Group, and has become a leading brand in the local consumer goods industry with its electronic, electrical, automobile and home appliances. This is mainly due to the competitive prices and ease of use of the products.
The company’s turnover stood at about Tk 3,500 crore last year.
Walton will strive to prove that “Made in Bangladesh” is the mark of ultimate confidence, said SM Mahbubul Alam, a director of Walton Group.
After finding that many imported products were not meeting the requirements of customers due to varying taste preferences from nation to nation, Sam Walton – the founder of Walmart – set up Walton Hi-Tech Industries with the goal of creating these items locally. Currently, Walton holds a majority market share in the local refrigerator and television industry, controlling around 80 and 30 percent of the market respectively. Furthermore, the firm boasts an annual production capacity of 1.4 million refrigerators and freezers, 300,000 motorcycles, 300,000 air-conditioners and 1 million television sets.
It markets some 41 products with 320 models and plans to move into manufacturing all of those gradually. Walton employs around 14,000 people and exports products to 19 countries, including the UAE, Myanmar, Sudan, Qatar, Nepal, Bhutan, India, Saudi Arabia and Kuwait.
