Malaysia to import Walton refrigerators, motorcycles
R.B. Group of Companies Ltd, a leading electrical, electronics and automobile manufacturing and marketing company in Bangladesh, will export Walton brand refrigerators and motorcycles to technology-developed country Malaysia.
The local company recently signed an agreement in this regard with a famous Malaysian company- Aget Group- at its office at Menara Safun Tower in Kuala Lumpur.
Under the agreement, at the primary stage the Malaysian company will import one lakh refrigerators and 50,000 motorcycles every year. This has already created huge enthusiasm at home and some countries abroad.
Through its marketing channels, Aget Group will sell the imported Walton brand refrigerators and motorcycles to Indonesia, Singapore, Vietnam, Myanmar and other countries.
Walton Adviser Mizanur Rahman and founder and Chairman of Aget Group Dr. Sultan Abdul Kadir signed the agreement on behalf of their respective sides.
Walton Director (Finance) Abul Basar Howladar, Managing Director of Seven C Resources Matiur Rahman, Managing Director of Deen Metal Industries Ahmed Ali and General Manager of Aget Group Engineer King Lee were also present at the signing ceremony. At the signing ceremony, Dr. Sultan Abdul Kadir expressed his interest to invest in Bangladesh saying that Bangladesh can be prosperous because of her plenty of natural resources and cheap manpower.
He also pointed out that through the agreement the relationship between the two countries would increase in future and Bangladesh would get an opportunity to expand its market in the ASEAN region.
Walton Adviser Mijanur Rhaman said: “Walton refrigerators are being exported to South Africa, Australia and some other European countries. Walton now eyes ASEAN countries for doing good business.”
A RB Group official said, “The recent economic meltdown gives Walton a competitive edge as its production cost is relatively cheaper because of lower wages.”
“Many manufacturing plants in developed countries were shut down following the global meltdown. These countries are now looking for import from developing countries,” he said.
Headquartered in Kuala Lumpur, Aget Group is one of the world leaders in power production, infrastructure development, housing, flyover construction, steel industry and finance sector. It has largely investment in Indonesia, Singapore, India, Vietnam and Myanmar. The company has also showed its interest to invest in different sectors in Bangladesh under the arrangement of RB Group of Companies.