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Dhaka Tribune

Walton receives nearly Tk 250cr orders from local and overseas companies

Country's first-ever sole industrial fair 'ATS Expo' gets huge success

Update : 17 Aug 2023, 08:47 PM

The recently ended 'International Advanced Components and Technology (ATS) Expo-2023', the country's first-ever sole-company industrial fair hosted by Walton, received a great response from domestic and foreign companies. 

During the expo from August 10 to 12, Walton received around Tk250 crore worth orders from various local and overseas companies. 

Walton Hi-Tech Industries PLC's Managing Director and CEO Golam Murshed disclosed it at a post-press meet of the 'ATS Expo-2023' held at Walton Corporate Office in the capital's Bashundhara Residential Area on Thursday (August 17).

The press conference was also attended by, among others, Walton Hi-Tech Industries' CMO Didarul Alam Khan, Senior Executive Directors Md Tanvir Rahman, Tofail Ahmed and Mohammad Shahjada Salim, Senior Deputy Executive Director Rabiul Islam Milton. 

Addressing the press conference, Walton Hi-Tech's Managing Director and CEO Golam Murshed said: "Walton is the first company in Bangladesh hosted an industrial expo to showcase more than 50,000 industrial materials, components, solutions and advanced technology. 

At the ATS Expo, we received huge responses beyond our expectations. Walton's industrial fair was visited by high-level representatives from government and private sectors, including the Commerce Minister, Planning Minister, Commerce Secretary, Philippines Ambassador to Dhaka and important persons of different local and foreign companies. We are very happy and satisfied with their positive response."

At the ATS Expo, he said, Walton received about US$ 13 million worth export orders for refrigerators and components from an authorized licensee of the global brand Hyundai in India and a well-known electronics product marketing company in West Bengal, which is about Tk142 crore taka in Bangladeshi currency. In addition, The ATS expo also recorded Tk50 crore worth of orders for home appliances and components; Tk5.50 crore worth of orders for PCB, PCBA or motherboard, mobile, laptop and accessories; Tk5 crore worth orders for lifts and accessories; Tk6 crore worth orders for fans, LED lights, switch-sockets, DB boxes etc; Tk7 crore worth orders for shipping and logistics services; Tk2 crore worth orders for chemical components, Tk2.26 crore worth orders for VRF and air conditioner; and Tk1.1 crore orders for compressors and metal casting. 

Besides, fruitful business discussions were held with the representatives of various organizations and thus we expect to get more orders in the future.

The Managing Director and CEO said: "The trust, we have seen, in the Walton brand and products at the first 'ATS Expo' will motivate us to organize such industrial fairs in future. We will organize this industrial fair every year so that domestic industrialists would no longer have to go abroad for their industrial raw materials, components and testing solutions. Now, Bangladesh is quite self-sufficient in manufacturing world-class industrial materials and components.

Golam Murshed also said the main objective of organizing the ATS Expo was to increase the empowerment of the domestic industry by reducing the country's import dependency by providing quality components, industrial materials and testing solutions to the domestic industries. In this case, Walton's international industrial fair can be said as very successful.

At the ATS expo, more than 50,000 industrial materials, components, services and testing facilities manufactured by Walton have been showcased at a total of 21 stalls in four categories. 

Most of these are used as the main raw materials and components in various stages of almost all types of industrial establishments. 

Along with meeting its own internal demands, Walton may contribute to saving billions of dollars in foreign exchange and empowering the domestic industry by providing import substitute quality industrial materials, components and testing solutions to other industries of the country.

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