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An independent distributor of electronic components, Fusion Trade Inc (Fusion Trade) announced its business expansion in Hong Kong today (February 22). The company procures, warehouses and distributes electronic components to original equipment and contract manufacturers (OEMs and CMs) worldwide.
Established in the United States (US) in 2001, Fusion Trade set up in Hong Kong in 2007 with the establishment of its regional warehouse. This year, the company is increasing its investment in the city by more than doubling the size of this "Quality Hub", which is used for inspection, logistics, testing and warehousing. The company's expansion in Hong Kong also includes the opening of an Anti Counterfeit Analysis and Screening Lab.
General Manager (Asia) of Fusion Trade Inc, Mr Jeffrey Hong, said, "Attributes like the business-friendly environment, central location in the region and local pool of talent with a business mindset are the key attractions for our continued investment in Hong Kong."
Elaborating on the role of the company's outlet in Hong Kong, Mr Hong explained, "We are growing our business and presence across Asian markets and our expansion in Hong Kong is to facilitate intra-Asian shipments as well as exports to other parts of the world, particularly Europe and the US."
Associate Director-General of Investment Promotion, Mr Charles Ng, said, "We are delighted to have Fusion Trade's further investment in our city. This not only enriches the portfolio of Hong Kong's electronics industry but also provides an opportunity to equip local personnel with training on the latest industry standards. This stands to benefit the local electronics industry by helping to improve its overall standards. We wish Fusion Trade's business every success in the future and look forward to its further expansion in our city."
Mr Ng added that Hong Kong is a major centre for the Asian electronics industry. It offers a solid research base, rigorous intellectual property protection, excellent communications and transportation networks as well as easy access to a large and low cost manufacturing base in Mainland China. "These are the advantages of Hong Kong which facilitate overseas companies to expand their businesses into Asian markets, especially those of Mainland China," he said.
About Fusion Trade Inc (Fusion Trade)
Founded in 2001, Fusion Trade is an independent distributor of electronic components. Headquartered in the US with operations in Hong Kong, Amsterdam and Singapore, Fusion Trade supports technology manufacturing companies worldwide with all types of active and passive components. For more information, please visit www.fusiontrade.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, supporting overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong. We provide free advice and customised services to help your business succeed in our vibrant economy. For more information, please visit www.investhk.gov.hk.
Ends/Monday, February 22, 2010
Issued at HKT 18:08
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