Mon, Oct 20, 2003 - Page 10 News List

Avnet Electronics will set up service center in Taiwan

GROWING DEMAND Having achieved a 40 percent sales-growth rate last year, the firm wants to expand to better satisfy its regional customers


US-based Avnet Electronics Marketing, one of the world's largest technology, marketing, distribution and services company, announced yesterday that it will set up a new service center in Taiwan to meet fast-growing demand in Asia.

Avnet Electronics Marketing President Andy Bryant said the company made the decision because it had reached its benchmark goal of US$1 billion in sales last year, representing an annual growth rate of 40 percent.

Avnet is determined to provide the best technology and service to its clients in Asia and the rest of the world by making increased investment in personnel and facilities to satisfy Asia's strong demand.

This includes recruiting 70 frontline workers last year to join the current line-ups in Taiwan and China, Bryant said, noting the opening of the Taiwan service center will bring to 20 the number of its offices in the Greater China area.

Raymond Tsang, head of Avnet Electronics Marketing Asia, said the current Taiwan team has made an outstanding contribution to the company's success in the region.

He added that the mother company will continue to invest in Taiwan in the face of the booming developments in the Taiwan, Hong Kong and mainland markets.

Avnet has already opened a logistics hub in Taiwan, one in Hong Kong and three on the mainland, Tsang noted, adding that the five logistics centers have markedly shortened the traffic time of products and provide a sound warehousing environment in Asia.

The five Asian logistics centers, linked with others in the rest of the world, offer Avnet clients, including those in Taiwan, a quick and high-quality service in logistics flow and a warehousing network, Tsang said.

Avnet, based in Phoenix, Arizona, is a leading B2B supplier of interconnections, electro-mechanical and electric components and material logistic services.

Leading world-class companies, such as IBM, Motorola, Intel, Microsoft and HP are among its clientele. Business revenue of its 2003 fiscal year (as of June 30) hit US$9.05 billion.

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