2019-05-08 15:01:11 BdST
Deal inked between Coca-Cola and WaltonWalton inks deal with Coca-Cola to supply Beverage Cooler
Walton Hi-Tech Industries Limited (WHIL), a concern of the country's electronics giant Walton, signed an agreement with International Beverages Private Limited (IBPL), the multinational company owned by and produces bottles for popular beverage brand Coca-Cola. According to the deal, Walton will supply Beverage Cooler to IBPL.
The agreement signing ceremony was held at Walton Corporate office recently. SM Ashraful Alam, Managing Director of WHIL and IBPL Managing Director Tapas Kumar Mondal signed the agreement on behalf of their respective organizations. They also cut ribbons and unveiled two beverage coolers produced at Walton factory and a celebration cake.
IBPL Director (Operations) Supratim Ghosh, Executive Directors of Walton Group Eva Rezwana, SM Zahid Hasan, Humayun Kabir, Mohammod Sirajul Islam, Uday Hakim, Golam Murshed, Amin Khan and International Business Unit President Edward Kim, were present, among others, on the occasion.
Coca-Cola goes for any purchase after ensuring the quality of the products according to their Suppliers' Guidance Principle (SGP), which is the basis of their global standards. IBPL has signed the agreement after being fully ensured of global standard of Walton products.
The Beverage Cooler Manufacturing Unit of Walton is equipped with latest technology and machineries and being operated by experienced engineers. A delegation of the IBPL were observing the entire process for a long time. They are fully ensured that the products made by Walton are fulfilling all the requirements of the SGP. After being fully satisfied, IBPL decided to purchase beverage cooler from Walton.
Managing Director of Walton High-Tech Industries Limited SM Ashraful Alam said: 2019 is a challenging year for Walton as we are going to achieve a new milestone. This year, we have targeted to sell 2 million refrigerators in local market. Moreover, Walton has started its journey with the aim of becoming the best brand in the world's electronics market. We are very happy to have Coca-Cola as our partner in that journey.
Coca-Cola has its operations in 206 countries across the world. We hope our partnership will stronger and we will supply beverage cooler for Coca-Cola in various countries in the world.
Tapas Kumar Mondal, Managing Director of IBPL Bangladesh, said: International standard products are currently being manufactured in Bangladesh and our local brand Walton is doing that. We are very pleased to have the agreement with Walton. We hope that we will able to contribute in country’s economic progress along with providing best services to customers.
Mohammod Sirajul Islam, Executive Director of Walton, in his speech said: The goal of Walton is to become the best global brand in the world. This agreement has taken us a step forward to achieve that goal.
Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.