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In May 2022, OeEB signed a EUR 20 million credit line to Walton Hi-Tech Industries PLC., one of the leading manufacturers of electrical and electronics household devices in Bangladesh. The company will use the funds to expand and modernise its production facilities in order to meet growing market demand, increase energy efficiency and create new jobs.
| Project name | Walton Hi-Tech Industries PLC |
| Region | Southern and Eastern Asia |
| Sector | Energy / Resource Efficiency / Infrastructure |
| Service | Investment finance |
| Project country | Bangladesh |
| OeEB project volume | EUR 20 million |
| International climate finance according to UNFCCC | Partially |
| Additionality | Financial Additionality |
| Project partner(s) | Walton Hi-Tech Industries PLC |
Walton Hi-Tech Industries is one of the leading producers of household goods such as refrigerators and freezers, televisions, air conditioning units and compressors. The company is known locally and globally for its sustainability efforts, e.g. by phasing out ozone-depleting substances in its refrigerants, and is recognized as a market leader in terms of compliance with environmental and social standards.
The loan provided by OeEB will support Walton in expanding its production capacities to meet growing demand for locally produced household appliances while at the same time increasing energy efficiency of its products and production facilities by modernising or replacing machines and introducing new energy-saving technologies.
The planned investments are expected to create 1,000 new jobs and contribute to the growth of the local industry.