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Walton CEO visits ACC Production plant in Italy, exchanges Eid greetings with colleagues

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Walton Hi-Tech Industries PLC’s Managing Director and CEO Golam Murshed has visited the production plant of ACC in Italy. He also exchanged greetings with colleagues on the occasion of Eid-ul-Azha, one of the biggest festivals of Muslims.

The Walton CEO also observed the progress of dismantling work of ACC production plant and the technical training of engineers and technicians along with giving them necessary directives. The Walton employees, who are now in Italy, were very much delighted to have their CEO among them during Eid festival.

Mentionable, ACC is a renowned European electronics brand. Walton Hi-Tech Industries PCL has recently acquired the rights of more than 50 years long-established European brands ACC, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) along with their trademark in 57 countries, all R&D intellectual properties (patents, design and software licenses) and a fully automated inverter and non-inverter compatible compressor plant.

The dismantling work of the production plant of ACC along with all kinds of machineries and bringing them to Bangladesh from Italy is going on in full swing. A team of more than hundred Bangladeshi engineers and technicians are now in Italy to perform the work successfully and having necessary technical training. The Walton CEO rushed to them to encourage them as they are away from family during the Eid festival. 

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Walton Hi-Tech’s director Tahmina Afrose Tanna, ACC’s R&D Director Raul Bosco Jr., Supply Chain Head Daniela Pierborn, Quality Director Luca Dalla Sega, HR Director Fedricha Magnoler, Walton Hi-Tech’s DMD Alamgir Alam Sarker, Walton Compressor CBO Rabiul Alam Rajib, Executive Director of Compressor R&I Meer Muzahedin Islam were among others present during the visit.  

Walton CEO Golam Murshed said: People usually celebrate Eid with their families and spend the vacation with them. Those who work at Walton are members of this family. Some members of the Walton family are working relentlessly in Italy far away from their dear ones in Bangladesh. I am extremely delighted to exchange Eid greetings with them and share the joy the festival.

He said the work of dismantling of ACC’s compressor production plant is in full swing. At the same time, a group of young Bangladeshi engineers and technicians from Walton are undergoing training in Italy. The overall progress of this work is about 60 percent. This state-of-the-art compressor production plant of ACC is being dismantled in Italy and will be brought to Bangladesh with all machineries and set up here. This move will open a new era in Bangladesh in the manufacturing industry of the most energy efficient compressors with advanced technology.

According to the relevant sources, Walton acquired the rights of the three European brands along with all machineries and intellectual property mainly to provide Bangladeshi customers the products of international brands and targeting the global market. This move will let Bangladeshi buyers have premium quality products and the ‘Made in Bangladesh’ tagged electronics products will get more acceptances in the global market. This will also play an important role in the overall economic progress of the country.

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BSEC chairman Shibli Rubayat resigns

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Bangladesh Securities and Exchange Commission Chairman Prof Shibli Rubayat-Ul Islam resigned today.

He sent his resignation letter to the official concerned at the finance ministry.

He stepped down citing health reasons, said Abdur Rahman, secretary of the Financial Institutions Division of the Ministry of Finance, confirming receipt of the letter.

The development came five days after Sheikh Hasina’s government fell and she fled Bangladesh in the face of a civil uprising.

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Islam has remained absent from work for the past several days.

Islam, a Dhaka University teacher, was appointed as chairman of the BSEC in 2020. Last May, he was reappointed for another four-year tenure.

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Progressive Life Insurance Company organizes 199th Board Meeting

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The 199th board meeting of Progressive life Insurance Company Limited (PLICL) was held in the organization’s corporate office in the capital’s National Scout Bhaban on Wednesday 10 July 2024. It was presided over by PLICL Acting Chairman M. Shoeb Chowdhury.

The meeting was also attended by Directors viz Bajloor Rashid, MBE, Zakariya Ahad,Mezanur Rahman,DR. Md. Jamil Sharif, Phd, FCMA,DR. Tazrina Farah,Babel Miah,Kamal Miah, M A Karim,Gulam Mostafa Ahmed. Managing Director and Chief Executive Officer Md. Saidul Amin, Additional Managing Director Md. Mizanur Rahman Shipon, Senior Executive Vice President & Company Secretary Abdullah Al Mansur.

The participants in the meeting talked about pending claim settlements, business development plans and laid emphasis on complying with regulatory norms, laws and principals.

The officials of Progressive life Insurance Company Limited greeted the newly appointed Acting Chairman M. Shoeb Chowdhury with flowers at the beginning of the meeting.

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Anwar Group of Industries Organized ‘Induction of Leadership’ program

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Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.

In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.

The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.

Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.

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