Walton Rakes in $32M at China Canton Fair

Industry: Electronics
Company: Walton Group
Company Intelligence Tag: Business Insights

Walton has secured export orders amounting to $32 million at the China Canton Fair, the world’s largest trade show. Global buyers, importers, and traders from various countries were impressed by Walton’s advanced technology, aesthetic designs, and world-class quality in products such as fridges, air conditioners, and electrical appliances.

The vice president of Walton’s Global Business Section mentioned that representatives from Asia, the Middle East, Africa, Europe, and the Americas have committed to orders during the fair. The Chief Business Officer of Walton Refrigerator expressed satisfaction with the overwhelming response, with importers and buyers from countries like Brazil, Argentina, the United States, Germany, Spain, Italy, Africa, Sri Lanka, and India showing keen interest in importing over $30 million worth of fridges.

The Chief Business Officer of Walton Air Conditioner highlighted the appeal of Walton’s energy-efficient and eco-friendly smart air conditioners, particularly those equipped with IoT-based inverter technology and offline voice control.

Source for more details:

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

Padma Bank, facing severe financial difficulties, has requested Tk 1,300 crore in liquidity support from Bangladesh Bank to repay depositors. The bank's CEO, Kazi Md Talha, stated that the application for support was made last week, but no response has been received yet.

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

The Anti-Corruption Commission (ACC) is investigating Salman F Rahman, former adviser to the PM, and Shah Alam Sarwar, former MD of IFIC Bank, for their involvement in a loan scam totaling Tk 19.07 billion. Allegations include abuse of power, irregularities, and loan disbursements without proper competition, with funds misused for five companies.

Bangladesh Aims to Renegotiate Power Deal with Adani

December 21, 2024

Bangladesh's interim government accuses Adani Power of breaching a 2017 power deal by withholding tax benefits from its Godda plant, which supplies energy to Bangladesh at significantly higher costs than similar deals.

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024
Trust Bank plans to expand its mobile financial service (MFS), Trust Axiata Pay (TAP), to capture a larger market share, according to a stock exchange filing. Despite TAP's small market share, the bank aims to grow its customer base nationwide.

NBR Ends Tax Break for S Alam Group’s SS Power

December 19, 2024

The National Board of Revenue (NBR) has revoked the indefinite tax exemption on loan interest for SS Power Limited, a subsidiary of S Alam Group, effective January 2024. The exemption, granted since March 2019, ends following an SRO issued on 17 December.

Janata Bank Exempts Act to Lend to Beximco Amid Liquidity Crisis

December 17, 2024

Janata Bank has been partially exempted from the Bank Companies Act-1991 to lend money to Beximco Group, a major loan defaulter, to help pay employees of Beximco Industrial Park. Despite Beximco owing Tk 23,328 crore to Janata Bank—410% of its own capital—the bank will lend Tk 180 crore to the conglomerate.

Related News

Padma Bank Requests Tk 1,300 Crore Bailout

December 21, 2024

Padma Bank, facing severe financial difficulties, has requested Tk 1,300 crore in liquidity support from Bangladesh Bank to repay depositors. The bank's CEO, Kazi Md Talha, stated that the application for support was made last week, but no response has been received yet.

ACC to Probe Salman F Rahman and Ex-IFIC Bank MD for Loan Fraud

December 21, 2024

The Anti-Corruption Commission (ACC) is investigating Salman F Rahman, former adviser to the PM, and Shah Alam Sarwar, former MD of IFIC Bank, for their involvement in a loan scam totaling Tk 19.07 billion. Allegations include abuse of power, irregularities, and loan disbursements without proper competition, with funds misused for five companies.

Bangladesh Aims to Renegotiate Power Deal with Adani

December 21, 2024

Bangladesh's interim government accuses Adani Power of breaching a 2017 power deal by withholding tax benefits from its Godda plant, which supplies energy to Bangladesh at significantly higher costs than similar deals.

Trust Bank to Invest Tk 312.5 Million in MFS Expansion

December 21, 2024
Trust Bank plans to expand its mobile financial service (MFS), Trust Axiata Pay (TAP), to capture a larger market share, according to a stock exchange filing. Despite TAP's small market share, the bank aims to grow its customer base nationwide.

NBR Ends Tax Break for S Alam Group’s SS Power

December 19, 2024

The National Board of Revenue (NBR) has revoked the indefinite tax exemption on loan interest for SS Power Limited, a subsidiary of S Alam Group, effective January 2024. The exemption, granted since March 2019, ends following an SRO issued on 17 December.

Janata Bank Exempts Act to Lend to Beximco Amid Liquidity Crisis

December 17, 2024

Janata Bank has been partially exempted from the Bank Companies Act-1991 to lend money to Beximco Group, a major loan defaulter, to help pay employees of Beximco Industrial Park. Despite Beximco owing Tk 23,328 crore to Janata Bank—410% of its own capital—the bank will lend Tk 180 crore to the conglomerate.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here