Walton Hi-tech Industries Limited is going to relocate a Korean mobile phone manufacturing plant to Bangladesh which is scheduled to come into operation early next year, advisory director of the company, Mizanur Rahman, said on Sunday.
\nThe handsets to be manufactured by the plant will be marketed under a local brand, he\u00a0said.
\nWalton Hi-tech Industries Ltd is a local manufacturer of electronic appliances and motorbikes. Mizan said the Korean plant bought by the company \u2018is a sophisticated plant that has been producing handsets of top brands including Nokia\u2019.
\nHe said the company had already started the process of relocating the plant to Bangladesh by February 2011.
\nThe plant has a capacity of producing 5,000 mobile phones a day, Mizan told New Age. \u2018We will utilise the capacity according to market demand,\u2019 and low- to mid-cost handsets will be produced in the factory in the first phase, he said. \u2018We will also go for manufacturing smart phones.\u2019
\nAccording to a top executive of a leading mobile operator, the annual market size of mobile sets in Bangladesh is around four million pieces and worth around Tk 2,000 crore. Imported sets of various brands, mostly from China, cater to less than half of the market and the rest by smuggled cellphones.
\nBangladesh saw its first local brand of mobile phone sets a couple of years back but Birds Mobile, made here by assembling imported Chinese parts, failed in competition with cheaper smuggled sets.
\nWalton\u2019s Mizan expressed the hope that the competitive edge of carrying out the entire manufacturing in the country and the company\u2019s strong market network would help Walton handsets to gain a good market share.
\nWalton set up the country\u2019s first refrigerator, motorbike and television manufacturing plants. These products of the company have acquired a significant local market share and are also exported to countries like Myanmar, Sudan, and Qatar.<\/p>\n

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Courtesy of NewAge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Walton Hi-tech Industries Limited is going to relocate a Korean mobile phone manufacturing plant to Bangladesh which is scheduled to come into operation early next year, advisory director of the company, Mizanur Rahman, said on Sunday. The handsets to be manufactured by the plant will be marketed under a local brand, he<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n