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Converge Expands Its Asian Presence into Shenzhen, China.


SHANGHAI, China -- Converge con·verge  
v. con·verged, con·verg·ing, con·verg·es

v.intr.
1.
a. To tend toward or approach an intersecting point: lines that converge.

b.
, the world's largest independent electronics distributor, continues its expansion into China by opening a new trade facility in Shenzhen. Converge has been serving the Chinese market through its Singapore-based Asian operations since 1999 and opened its Chinese headquarters in Shanghai in 2003.

"We are extremely pleased to announce the opening of the Shenzhen office," said Dale LeFebvre, Chairman and President, Converge Global Trading Exchange. "The Asian-Pacific region is an integral part of our global supply network. As the pioneer in spot market trading, we will continue to provide companies tremendous opportunities to fulfill ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 supply-and-demand imbalances in a timely and cost efficient manner."

Chief Executive Officer Frank Cavallaro commented: "As with the recent openings of Converge offices in Germany and Hungary, we are continuing to expand our physical presence in key high tech markets throughout the world. Shenzhen, China is a critical market for high-tech manufacturing in Asia and our expansion into Shenzhen will further enable Converge to provide greater value to our local and global customers."

Ib Mussa, Senior VP and Managing Director of Converge Asia said: "The opening of the Shenzhen office is one tactic in our strategy to expand into all of China's key manufacturing centers. The Shenzhen office will support customers and partners throughout southern China and the Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov.  area. This follows the opening of our office in Shanghai nearly two years ago."

About Converge

Converge is a leading global independent distributor for electronic components, computer products and networking equipment. Converge leverages more than 24 years' experience and provides comprehensive services such as rapid response shortage fulfillment, cost savings procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , asset recovery and market intelligence. Converge manages North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations.  from its headquarters in Peabody, Massachusetts Peabody (pronunciation IPA: /ˈpiːbədi/) is a city in Essex County, Massachusetts, United States. As of the 2000 census, the population was 48,129. Peabody is located on the North Shore. , its Asia-Pacific business from Singapore and its European operations from Amsterdam. For more information about Converge, call 877-693-5694 within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , +65-6799-8038 within Asia Pacific, +31 (0) 20.582.6161 within Europe, Middle East and Africa, or send an email to: info@converge.com.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 30, 2004
Words:328
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