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Double win for Avnet at ESM-China's Top 2015 Distributors Award

2015-06-10 10:00 2662

SHENZHEN, China, June 10, 2015 /PRNewswire/ -- Avnet Electronics Marketing Asia, an operating group of Avnet, Inc. (NYSE: AVT) received the Top 10 Overseas Brand Distributors Award; and Excellent Distributors of the Past 15 Years Award for demonstrating excellent performance, innovation and leadership, as well as its notable contributions toward the electronics industry in China. The awards were presented by Electronics Supply & Manufacturing-China (ESM-China) - China's leading electronics management title published by Global Sources' joint venture eMedia Asia Limited, at the 2015 Electronic Component Supply Chain Forum and Distributor Awards Dinner.

Winners of the Top 10 Overseas Brand Distributors Award were selected by managers and engineers in China through online voting, while the Excellent Distributors of the Past 15 Years Award is a special award given to the three most outstanding distributors to commemorate the 15th anniversary of the Distributor Survey, ESM-China.

"It is a great honor for Avnet to be recognized as one of the leading distributors in China for 14 consecutive years, and I want to thank the organizer as well as our suppliers, partners and customers for their unwavering support. This recognition is also a great reward for our employees whose commitment and keen focus have continued to deliver great value to our customers," said Frederick Fu, Regional President, Avnet Electronics Marketing, China. Frederick Fu, who was named Most Influential Executive by ESM-China last year added, "Amid today's challenging market conditions and intense competition, the role of a distributor has gone beyond the traditional role of alleviating the process on component sourcing for customers or addressing application problems. The ability to react rapidly to market demands and to enable quicker innovation and better product design are now at the forefront of a successful distribution business. Avnet remains committed to serve the market by enabling more innovations and be a resource center that provides useful design tools and references in order to deliver greater value to our customers."

In a survey done by ESM-China, distributors' market outlook remains optimistic with an average revenue growth of 26 percent in 2015, which is 4 percentage points higher than last year's projection.

About Avnet Electronics Marketing Asia
Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), is the leading electronics component distributor in Asia. With its regional headquarters in Singapore, the company has offices in 47 locations in Asia. Avnet Electronics Marketing Asia distributes semiconductors, interconnects, passive and electromechanical components to serve a wide range of customers including original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and small- to medium-sized businesses, and provides associated design-chain and supply-chain services. More information is available at http://www.em.avnetasia.com  

About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2014, Avnet generated revenue of $27.5 billion. For more information, visit www.avnet.com

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Tan Weiwei
Corporate Communications and PR Manager
Avnet Electronics Marketing Asia
weiwei.tan@avnet.com
+65-6580-6095

Source: Avnet Electronics Marketing Asia
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