ISLAMABAD JULY29: A significant foreign business has extended an offer to Waves Home Appliances Limited for a joint venture and strategic partnership. The business notified the Pakistan Stock Exchange (PSX) on Monday that it has started talks to create a complete business model.
In light of this, the company has started a dialogue to create a thorough business plan that addresses a number of issues, including the supply of engineering staff and technical know-how, the company’s use of its brand name in both domestic and international markets, a structure for management sharing, and the amount of capital to be invested.
A formal agreement will be signed on the finalization of these discussions.
The company will primarily gain from this collaboration in that it will have access to cutting-edge technology, experience, and know-how to improve the quality of its products, reduce production costs, and apply best practices in both technical and operational areas as well as lower the cost of materials.
The business will benefit from this competitive advantage in both domestic and foreign markets. The foreign partner will have a competitive advantage in Middle Eastern, African, and European markets because to Pakistan’s lower labor costs and freight reductions.
Waves Home Appliances Limited (PSX: WHALE) engages in the following activities: designing, producing, assembling, distributing, trading, repairing, reconditioning, importing, exporting, purchasing, or dealing in various types of light engineering goods and domestic consumer appliances.
