Synnex Technology International Corp (聯強國際), a leading distributor of information, communications, consumer and semiconductor products, has started operations in the expanded section of its Sydney logistics center, the company said on Wednesday.
Synnex, the largest distributor of its kind in the Asia-Pacific region, said in a statement that the NT$2.1 billion (US$67.6 million) expansion project would increase the center’s logistics capacity by 65 percent, and expand its services to customers in the east and northeast of Australia.
The company said operations at the original logistics center in Sydney began in 2014 and construction of the second-phase structure began in 2019 to meet the growing business demand in Australia.
Photo: Wang Yi-hung, Taipei Times
Established in 1997, Synnex Australia earned NT$65 billion of revenue last year, making it the largest Taiwanese company in Australia and the 126th largest.
Synnex on Monday posted consolidated revenue of NT$37.75 billion for last month, up 29.69 percent month-on-month to the highest level this year, but the figure remained 9.46 percent lower than a year earlier.
The company’s second-quarter revenue increased by 6.7 percent quarter-on-quarter to NT$94.8 billion, as its commercial and semiconductor businesses were relatively stable, it said.
However, due to a lower-than-expected rebound in its consumer business, especially fewer sales of laptops and mobile phones, second-quarter revenue was down 8.5 percent from the same period last year, it added.
In the first six months of the year, cumulative revenue declined 10.18 percent year-on-year to NT$183.42 billion, led by a 24 percent decline in sales at the consumer business, followed by declines of 9 percent in the telecom business and a 2 to 3 percent fall in the commercial and semiconductor business, Synnex said.
The company said the situation remains unpredictable, but it would strive to improve its performance in the second half of the year by optimizing its operating structures and adapting to market changes flexibly and instantly.
Additional reporting by Chen Cheng-hui
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