[🇧🇩] Electronics and Home Appliances Industry in Bangladesh

[Saif]

Walton Bangladesh (Appliance and Electronics Manufacturer) Showcases AI-Driven Smart Appliances at 137th Canton Fair​

1 min read​

Last updated Apr 17, 2025

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Walton, the leading tech brand from Bangladesh, has returned to the prestigious Canton Fair in China for the fifth time reportedly, aiming to highlight its cutting-edge smart electronics and electrical products. The 137th edition of the world’s largest trade event, officially known as the China Import and Export Fair, began on Tuesday at the Canton Fair Complex in Guangzhou.

Positioned in Hall No-2.1 of the fair’s international pavilion, Walton’s mega booth is drawing attention with its AI and IoT-integrated home appliances, designed to meet global energy efficiency and smart living standards.

The brand is displaying a wide range of internationally certified energy-saving products, including refrigerators, air conditioners, BLDC fans, televisions, and compressors – each packed with advanced technological features.

Read more: Walton Launches Mega New Year Campaign With Up To 50% Discounts On Computer Products

Abdur Rauf, Vice-President of Walton Global Business Division and the chief coordinator for their Canton Fair participation, noted the significance of this platform as a global meeting point for businesspeople, importers, and manufacturers. The Canton Fair brings together thousands of professionals from across the world, providing access to the latest technological innovations from leading international brands – all under one roof.

With consistent participation in previous editions, Walton has successfully established business relationships across various global markets. This year, it aims to further accelerate its international expansion by showcasing its most advanced smart home technologies.

The first phase of the 137th Canton Fair, scheduled from April 15 to 19, features Walton under the Electronics and Household Electrical Appliances category, marking another milestone in the brand’s mission to strengthen its global footprint.

Walton is our Samsung

 

[Bilal9]

Walton to manufacture lithium-Ion batteries locally​

Walton Hi-Tech Industries PLC, a leading electrical and electronics manufacturer in Bangladesh, is going to establish a manufacturing facility for high-quality lithium-ion cells, reducing import dependence and offering competitive, locally manufactured products, it said today.

"The initiative aims to establish a sophisticated manufacturing facility for high-quality lithium-ion cells, reducing import dependence and offering competitive, locally manufactured products, with commercial production expected to commence by mid-2026," Walton said after its board approved the scheme along with its third-quarter unaudited earnings.

"As a pioneer in producing lithium-ion battery cells, Walton will not only foster technological innovation and set a benchmark for quality and sustainability but also reduce reliance on imports, create new employment opportunities, technological growth, and exports."

Walton said its net profit fell around 8.5 percent year-on-year to Tk 696 crore for the July-March period of the financial year 2024-25 due to multiple factors.

High inflation and tighter global financial conditions impacted its operational environment.

Furthermore, increased material costs, a volatile global market, higher finance costs, and the devaluation of the Taka against foreign currencies have drastically inflated input costs, it said.

Also, a hike in the value-added tax (VAT) rate to 7.5 percent on refrigerators and the introduction of a 7.5 percent VAT on air conditioners have added to the cost pressures, said the company in a press release.

Consequently, Walton's operating profit margin for the July-March period of FY24-25 decreased to 22.09 percent from 24.73 percent in the same period last year.

The finance cost as a percentage of sales also rose to 7.29 percent from 6.14 percent, driven by increased borrowing costs and the devaluation of the local currency against the US dollar, the company said.

Walton's earnings per share stood at Tk 22.99 during the July-March period of this financial year, down from Tk 25.17 a year ago.

Its net operating cash flows per share for the nine months stood at a negative Tk 1.83, a significant drop from the positive Tk 22.88 in the previous year.

The company attributed this decline to a strategic shift in working capital management, prioritizing payments to suppliers using customer collections over bank borrowings.

Increased payments to suppliers and higher payments for income tax and VAT, aligned with anticipated sales growth, also contributed to this change.

However, Walton said it is optimistic about the fourth quarter of the current financial year, anticipating healthier profits due to the peak sales season.

 

[Saif]

Walton to manufacture lithium-Ion batteries locally​

Walton Hi-Tech Industries PLC, a leading electrical and electronics manufacturer in Bangladesh, is going to establish a manufacturing facility for high-quality lithium-ion cells, reducing import dependence and offering competitive, locally manufactured products, it said today.

"The initiative aims to establish a sophisticated manufacturing facility for high-quality lithium-ion cells, reducing import dependence and offering competitive, locally manufactured products, with commercial production expected to commence by mid-2026," Walton said after its board approved the scheme along with its third-quarter unaudited earnings.

"As a pioneer in producing lithium-ion battery cells, Walton will not only foster technological innovation and set a benchmark for quality and sustainability but also reduce reliance on imports, create new employment opportunities, technological growth, and exports."

Walton said its net profit fell around 8.5 percent year-on-year to Tk 696 crore for the July-March period of the financial year 2024-25 due to multiple factors.

High inflation and tighter global financial conditions impacted its operational environment.

Furthermore, increased material costs, a volatile global market, higher finance costs, and the devaluation of the Taka against foreign currencies have drastically inflated input costs, it said.

Also, a hike in the value-added tax (VAT) rate to 7.5 percent on refrigerators and the introduction of a 7.5 percent VAT on air conditioners have added to the cost pressures, said the company in a press release.

Consequently, Walton's operating profit margin for the July-March period of FY24-25 decreased to 22.09 percent from 24.73 percent in the same period last year.

The finance cost as a percentage of sales also rose to 7.29 percent from 6.14 percent, driven by increased borrowing costs and the devaluation of the local currency against the US dollar, the company said.

Walton's earnings per share stood at Tk 22.99 during the July-March period of this financial year, down from Tk 25.17 a year ago.

Its net operating cash flows per share for the nine months stood at a negative Tk 1.83, a significant drop from the positive Tk 22.88 in the previous year.

The company attributed this decline to a strategic shift in working capital management, prioritizing payments to suppliers using customer collections over bank borrowings.

Increased payments to suppliers and higher payments for income tax and VAT, aligned with anticipated sales growth, also contributed to this change.

However, Walton said it is optimistic about the fourth quarter of the current financial year, anticipating healthier profits due to the peak sales season.

Lithium Ion Batteries are being used by shipyards making submarines. When combined with AIP systems, such as fuel cells or Stirling engines, Lithium Ion Batteries can significantly extend a submarine's ability to operate underwater without surfacing for extended periods.

 

[Bilal9]

Lithium Ion Batteries are being used by shipyards making submarines. When combined with AIP systems, such as fuel cells or Stirling engines, Lithium Ion Batteries can significantly extend a submarine's ability to operate underwater without surfacing for extended periods.

You are correct. This was a good move - to indigenize Li-Ion battery manufacturing locally and eventually military uses will be in line for implementation.

Of course commercial uses for electronics (and vehicle use) will parallel military uses well into the near present.

 

[Saif]

Walton plans Tk 114cr lithium battery factory

Walton Hi-Tech Industries PLC, a leading electrical and electronic appliance manufacturer, has announced plans to establish a facility to manufacture lithium-ion cells at a cost of nearly Tk 114 crore.

www.thedailystar.net

Walton plans Tk 114cr lithium battery factory
Says profits slipped in Q3 due to inflation, currency devaluation

Walton Hi-Tech Industries PLC, a leading electrical and electronic appliance manufacturer, has announced plans to establish a facility to manufacture lithium-ion cells at a cost of nearly Tk 114 crore.

Local availability of the rechargeable batteries, widely used in portable electronics, electric vehicles, and other applications, will reduce import dependence, the company said in a press release on April 27.

It will also generate new employment opportunities and exports alongside enabling technological growth, it said.

Commercial production is expected to commence by mid-2026, Walton said after its board approved the project along with its unaudited earnings in the third quarter of the ongoing fiscal year.

Its net profit dropped to around Tk 392 crore in the January-March quarter of fiscal year 2024-25 from nearly Tk 422 crore in the same period of the year prior.

Meanwhile, the company's earnings per share (EPS) dropped to Tk 12.94 from Tk 13.93 previously.

In case of the first nine months of the current fiscal year, Walton's net profit dropped by around 8.5 percent year-on-year to Tk 696 crore.

The company's EPS during this period stood at Tk 22.99, down from Tk 25.17 previously.

The listed company attributed a number of factors for the drop, including high inflation, volatile global financial conditions, an increase in material costs, high financing costs, and the devaluation of the taka against foreign currencies.

It also cited the hike in value added tax (VAT) on refrigerators to 7.5 percent and introduction of a 7.5 percent VAT on air conditioners.

But Walton was optimistic about the fourth quarter, touting it as the peak sales season.

As of March 31, 2025, sponsors and directors held 65.07 percent of the company's shares while institutional investors held 0.55 percent, foreign investors 0.09 percent, and the public 34.29 percent, according to Dhaka Stock Exchange.

Walton began its journey in 1977. In early 2008, it commenced manufacturing refrigerators, freezers, air conditioners, and compressors before expanding into televisions and home and electrical appliances, its website says.

Its manufacturing plant and headquarters, spanning about 5 million square feet across 19 buildings, is located in Chandra, Kaliakoir, Gazipur.​