Walton has signed a partnership agreement with Danby Appliances, a renowned compact appliance brand in North America, to expand its footprint to the region.
The partnership will help Walton expand its market in the US and Canada.
Walton high officials recently visited the Consumer Electronics Show (CES) 2022 in Las Vegas.
The memorandum of understanding (MoU) between Walton and Danby was signed at the CES – one of the biggest tech trade shows in the world.
Edward Kim, president of the global business division of Walton, and Andrew Raymond, CFO of Danby Appliances, signed the deal virtually Friday.
With this signing, Walton agreed to develop and manufacture products in line with the North American standard. Danby will be responsible for the sales and distribution of Walton products in the market.
Edward Kim said, “This deal is historic and meaningful for Walton as well as Bangladesh as it conveys a significant message to the world on how strong the company is becoming as a top global electronics brand. Walton is finally entering markets like the US and Canada with its manufactured products.”
The company is now exporting products to more than 40 countries including, Europe, Africa, Asia and the Middle East.
Source: United News of Bangladesh