GE Supply Expands Southeast Asia, China Presence with GE Supply Asia PTE Ltd.Business Editors/High-Tech Writers SHELTON, Conn.--(BUSINESS WIRE)--Jan. 9, 2003 GE Supply, the international electrical products distribution business of the General Electric Company (NYSE NYSE See: New York Stock Exchange : GE), announced today it is significantly expanding its Southeast Asian operations and targeting the Chinese market. In an agreement finalized December 10th in Singapore, GE Supply increased its stake in the Clayton Electric Company to 80 percent. It has held a minority position in Clayton since 2000. The name of the Company has been changed to GE Supply Asia PTE Ltd PTE LTD Private Limited . Headquartered in Singapore, GE Supply Asia has opened sales offices in Beijing and Shanghai. The new business primarily serves engineer constructors and the oil and gas industry in Singapore, Malaysia, Indonesia, the Philippines, Thailand, China, Vietnam, and South Korea. 2002 sales were in excess of $25 million (Singapore). "Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and China are among the world's most dynamic and rapidly expanding economies," GE Supply President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bill Meddaugh says. "Our customer base there is growing at an equally rapid pace. With the advent of GE Supply Asia, we are making a dramatic commitment to that base and toward asserting our industry leadership in the region." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the new operating unit's Managing Director Albert Tan, "we believe GE Supply Asia offers customers an unmatched inventory of NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) and IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission standard products, engineering and application expertise, and product support. We also provide the singular dedication to their success that characterizes GE Supply's customer service worldwide." About GE Supply GE Supply is a full-line, international distributor of electrical products, aerospace parts, power generation products, voice and datacom equipment and supplies from GE and other leading manufacturers. It serves electrical contractors, industrial and commercial users, engineer constructors, OEMs, utilities and the aerospace industry. Its operating units include GE Supply, GE Supply Asia PTE Ltd., GE Structured Services, and GE Supply Logistics. GE Supply supports customers with service offerings including the National Sales Center, National Tech Center, Product Specialist Network, 24-hour Internet Ordering and e-Commerce services, Hub and Spoke Distribution A physical distribution system developed and modeled on industry standards to provide cargo management for a theater. It is based on a "hub" moving cargo to and between several "spokes". facilities, and 24-hour emergency service. Headquartered in Shelton, Connecticut, the company utilizes 4.5 million square feet of warehouse space and has more than 150 branch offices and five distribution Hubs throughout the U.S., Mexico, South America, Ireland, the Middle East and Southeast Asia. GE Supply can be reached at (203) 944-3000; Web site www.gesupply.com |
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