The world’s largest high service distributor of electronics and maintenance products (serving 1.5 million customers worldwide), RS Components (RS) has recently opened its new office in Kuala Lumpur, based in Subang Jaya. It is part of the company’s regional expansion plans and a show of great confidence towards Malaysian electronic market. RS will be spending over RM$700,000 to further strengthen its expansion in Malaysia.
RS distributes 500,000 products ranging from semiconductors and optoelectronics to power tools and protective clothing. The product and service portfolio supports the entire product lifecycle from R&D through pre-production to maintenance and repair, shipping around 40,000 orders on the same day they are received.
You can read the full press release below:
The Press Release
MALAYSIA, January 28, 2011. RS Components (RS), the world’s largest high service distributor of electronics and maintenance products and the trading brand of Electrocomponents plc, has launched their new Kuala Lumpur office in Subang Jaya, Selangor. This is the latest announcement to come in a slew of expansion plans for RS Malaysia, following the opening of their new Penang office last September.
Jones Leung, Vice President of Sales, Asia Pacific South, RS Components said, “We see great opportunities in Malaysia for the electronics industry, especially in the Electronic Manufacturing Services (EMS), Original Equipment Manufacturing (OEM) and Automation markets, and our new Kuala Lumpur office will not only help serve our customers better, but is also an example of our extended commitment to the Malaysian market.”
The new office in Kuala Lumpur will serve the needs of RS customers in the south of Malaysia, while the Penang office will service customers in the north. RS will be investing over RM$700,000 to expand its presence in Malaysia, as well as a full sales support team in each office.
With this local presence, RS is ready to exploit the potential market being driven by the recently announced RM67 billion worth of private-sector Government investments spanning sectors such as energy, property and health. RS has already seen an increase in demand for electronic components in Malaysia, driven by Government initiatives to improve the local transportation infrastructure.
According to Leung, “We have seen a 33% year-on-year growth in our electronics sales. Furthermore, we anticipate an even greater demand for electronic components due to projects such as the Greater KL MRT, which is due to commence in July.” Building on the improvement in transportation infrastructure, the Government has unveiled a Rapid Transit Rail System between Singapore and Malaysia to be completed by 2018.
Local Government will also be investing RM$300 million into the Malaysian oil and gas industry over the next four years, which is expected to result in an increase in demand for Maintenance Repair Operations (MRO) and Process Control Automation (PCA) products. RS also predicts significant potential for MRO and test & measurement solutions in the Malaysian education sector.
For more information, please visit the website at www.rs-components.com.