Dhaka — Bangladeshi electronics company Walton is supplying compressor equipment to the top German-based high-pressure compressor manufacturer ‘Sicop GmbH’.
Following this, Walton has signed a long-term commercial agreement with SICP. The Business Agreement Signing Ceremony was held on the online platform at the Walton Corporate Office in the capital. A business agreement was signed between Sicop and Walton.
Gerald Kober, Procurement Director of Sicop Group, and Edward Kim, President of Walton International Business Unit (IBU), signed the agreement on behalf of their respective organizations.
Director of Walton Hi-Tech Industries Limited Nishat Tasnim Shuchi, Permanent Representative and Ambassador of Bangladesh Embassy in Austria Muhammad Abdul Muhith and Chief Executive Officer of Walton Compressor Rabiul Alam was also present on the occasion.
Walton Executive Director SM Zahid Hasan, Walton Compressor Chief Operating Officer Nasir Uddin Mandal, Deputy Executive Directors Abdur Rauf and Rezaul Islam Minar, Senior Deputy Director Arifin Nad were present on the occasion following proper hygiene and social distance.
Nishat Tasnim Shuchi, Director, Walton Hi-Tech Industries, welcomed the business agreement between Sicop and Walton. His expectation is that Sicop’s business relationship with Walton will go a long way.
Gerald Kober said Sicop has started a long-term commercial journey with Walton by acquiring metal casting parts for the compressor.
He is hopeful that in the future, other parts of the compressor will also be taken from Walton. Muhammad Abdul Muhith, Bangladesh’s ambassador to Austria, said high-tech electronics products are now being made in Bangladesh.
Not only that, compressor parts made by Bangladeshi electronics brand Walton are being exported to developed countries like Austria. It is a matter of great pride as a Bangladeshi.
Edward Kim said that Walton has set a vision – ‘Go Global 2030’. To meet that goal, Walton is working to expand its export market to 21 European countries by 2021.
Rabiul Alam said that the world’s most ‘silent and durable’ compressor is being made by combining the latest and cutting-edge technology machinery.
The factory has a metal casting foundry and research and development department. There are state-of-the-art technology testing equipment and labs of international standard.
Walton is exporting compressors and their parts to various countries including Turkey, Italy, Austria, Slovakia, and Iraq to meet their own demand.
It is to be noted that more than 6 million parts are required annually as raw material for making compressors. Walton expects to meet the entire demand with parts made in Bangladesh.
According to sources, Bangladesh is the 8th compressor manufacturer in Asia and the 15th in the world.
The only compressor factory in Bangladesh has been set up at Walton Hi-Tech Industrial Park in Chandra, Gazipur, covering an area of about 1.6 million square feet. Walton is the only manufacturer of compressors in Bangladesh.