Walton to expand brand business in Sri Lanka
Global electronics brand Walton is expanding its brand business in Sri Lanka.
In this regard, Walton has inked a deal with Sri Lankan firm Monik Trading Private Limited. Recently, Walton Hi-Tech Industries PLC. and Monik Trading signed a Memorandum of Understanding (MoU) at a splendid ceremony held at Marino Beach Hotel in Colombia.
On behalf of their respective organisations, Monik Trading's Managing Director, Dr Wasala Maduwantha Ariyapala, Walton Hi-Tech's Additional Managing Director (AMD), and Chief Financial Officer, Md. Ziaul Alam, FCA, ACA (ICAEW), inked the deal.
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Bangladesh High Commissioner in Sri Lanka, Andalib Elias, attended the function as the chief guest. Among others, Bangladesh High Commission's Deputy Chief of Mission Jannatul Habib, First Secretary Nizamul Islam, Walton Global Business Division (GBD) Vice-President Abdur Rouf, Walton's Deputy Company Secretary Md Enamul Haq, FCS, Monik Trading's Chief Finance MNH Nashwaq and Assistant General Manager Kasun Mahanama were also present.
Addressing the function, Bangladesh High Commissioner Andalib Elias said Sri Lanka and Bangladesh have a long-standing friendly relationship. This friendly relationship will continue with the signing of the MoU between Walton and Monique Trading today.
Walton's AMD and CFO Md. Ziaul Alam said, "Walton is going ahead with the target of becoming one of the best global electronics brands in the world. To achieve this target, we strongly focused on expanding Walton brand business worldwide. As a part of this initiative, Walton will expand its brand business in Sri Lanka. In this journey, Monik Trading joined hands with Walton. In Sri Lanka, Monik Trading will market Walton brand's world-class electronics, electrical, home and kitchen appliances, designed with advanced technologies and features."
Walton GBD's Vice-President Abdur Rauf said that Walton brand refrigerators, ACs, washing machines, and other electrical, home, and kitchen appliance products will be marketed in Sri Lanka from now on. A shipment of Walton products will be sent to Sri Lanka this month.
He said a strong sales and marketing team and an after-sales service facility have been established to create a strong presence in the Sri Lankan market.
