Fusion Trade Inc. Expands its Business in Hong Kong
In February, Andover, Massachusetts-based Fusion Trade Inc. (Fusion Trade), an independent distributor of electronic components, announced its business expansion in Hong Kong. The company procures, warehouses and distributes electronic components to original equipment and contract manufacturers (OEMs and CMs) worldwide.
Established in the United States 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 its “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.
The General Manager (Asia) of Fusion Trade Inc., 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 U.S.”
Associate Director-General of Investment Promotion at Invest Hong Kong, 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 was a major center for the Asian electronics industry, offering 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 the Mainland of 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 Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region government responsible for foreign direct investment - supporting overseas businesses to set up and expand in Hong Kong.
Invest Hong Kong: www.investhk.gov.hk
About Fusion Trade Inc.
Founded in 2001, Fusion Trade is an independent distributor of electronic components. Headquartered in Andover, MA, Fusion Trade supports technology manufacturing companies worldwide with all types of active and passive components.
Fusion Trade: www.fusiontrade.com
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