Walton Group

Walton ( Bengali: ওয়ালটন) is a Bangladeshi conglomerate based in Gazipur, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile, Walton Electronics, and Walton Hi-Tech Industries Limited. Walton produces electronics, computers, motor vehicles, and telecommunications products. It is the first Bangladeshi brand to launch mobile phones in the market and also the first fridge compressor manufacturing company in Bangladesh since 2017.

History

S.M Nazrul Islam is the founder of Walton Group. Nazrul started his career as a small businessman. After the independence, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group. At that time, they used to import televisions. The company made its debut in 2008 as the Walton Group by starting refrigerator manufacture. When S.M Nazrul Islam died in 2017, his eldest son S.M Nurul Alam Rezvi took over as chairman of the company.

In April 2017, Walton established the country's first-ever and only compressor manufacturing factory. With the inauguration of the plant, Bangladesh has emerged as the world's 15th as well as the Asia's 8th compressor manufacturing country.

In January 2018, Walton to open first ever computer assembly plant. At the same it became the first ever Bangladeshi company to export locally made laptops to Nigeria.

In February 2020, for the first time, Walton started exporting handsets to the United States as a Bangladeshi original equipment manufacturer company to a renowned American brand. This kind of production is known as "contract manufacturing".

In April 2022, Walton bought 3 European brands to make 4.8m compressors a year. Walton Hi-Tech Industries PLC announced the purchase of two more brands – Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) – from Italia Wanbao-ACC. The Bangladeshi electronics giant acquired the rights of more than 50-years old reputed three European electronics brands and its production plant, a trademark, patent, design and software. With the procurement of the more than 50-year-old Italia Wanbao-ACC compressor brand, Walton is now on course to gain a major foothold in European countries.

In June 2022, Walton announced the establishment of a Research and Innovation Centre in South Korea.

Acquisitions

* In April 2022, Walton bought 3 European brands to make 4.8m compressors a year. It makes walton, the first ever Bangladeshi brand to acquire any foreign brand.

Products

* In April, 2017, Walton established the country's first-ever and only compressor manufacturing factory.
* In April 2017, Walton inaugurates country’s first ever smartphone manufacturing factory in Bangladesh.
* In January, 2018, Walton opened its first Computer and Laptop assembly plant in Bangladesh.
* In April 2020, Walton announced plans to produce ventilators.
* In January 2018, Walton started producing the best laptops in Bangladesh.

References

{{Automotive industry in Bangladesh

Conglomerate companies of Bangladesh
Home appliance manufacturers of Bangladesh
Mobile phone manufacturers
Heating, ventilation, and air conditioning companies
Electronics companies of Bangladesh
Bangladeshi brands