Montreal, Quebec (mynewsdesk) March 26, 2019 - Future Electronics, a global leading distributor of electronic components, recently celebrated the 5th anniversary of the company's expansion into Indonesia.
Future Electronics was founded in Montreal in 1968 by company President Robert Miller. It expanded into the United States in 1972, opening its first office in Boston, Massachusetts.
Future Electronics established operations in Indonesia in 2014, opening their office in Jakarta, the country's capital. The Indonesian archipelago has a population of 260 million, and while it is already the 16th largest economy today, it is projected to move up to the seventh position by 2030.
"The Future and FAI ASEAN sales teams do an excellent job of covering the market," said Yew Meng Teo, Regional Vice President, ASEAN Sales at Future Electronics. "We are confident that we can put up significant growth again this year despite the uncertainly in the market," Teo said.
The country's young population is quickly urbanizing, which is driving income growth. In the next decade or so, Indonesia will add an estimated 90 million new consumers. The growth rate of the country's consumer class is behind only China and India, and signals a wealth of new business and investment opportunities.
"We are confident that we can put up significant growth again this year despite the uncertainly in the market," Teo said. Company president Robert Miller congratulated everyone at Future's Indonesian office for their 5-year milestone, and thanked them for their outstanding performance. For more information about Future Electronics and its 169 office locations in 44 countries around the world, visit www.FutureElectronics.com
About Future Electronics
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 169 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future's mission is always to Delight the Customer®. For more information, visit: www.FutureElectronics.com.
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products.