Corporate Pride
Walton is an electronics juggernaut that’s setting a new standard for manufacturing. It’s already revolutionized consumption in Bangladesh, and now it’s going global.
Walton’s spectacular growth runs parallel to that of its country of origin. Before the company began manufacturing its first refrigerators in 2008, the appliances were essentially luxury products in Bangladesh. Fast forward to today, and fridges have become commonplace in the homes of the increasingly prosperous local population, with the market growing tenfold in the last 10 years.
The company, the first Bangladeshi manufacturer of mobile phones, compressors, air conditioners, televisions, laptops and elevators, has likewise helped those products take similar journeys in the domestic market.
Beyond taking Bangladesh’s electronics and appliance market from import-oriented to self-reliant, Walton has big plans for the rest of the world. Already the company, with a workforce of more than 30,000 employees and 700 acres of production space, is making moves to become a global leader by 2030.
In 2020, the Bangladeshi electronics giant struck a deal with an undisclosed US mobile phone brand to supply its smartphones. In April 2022, it acquired three European compressor brands.
This year, it also opened a groundbreaking research and development center in South Korea. In total, Walton has a presence in 40 markets, with the strongest market penetration in Southeast Asia, the Middle East and West Africa. Its aim? Not only to expand its business and offer high-quality products, but to solidify Bangladesh as a giant in the high-tech industry.