Navico’s new logistics facility in Suzhou, China, was officially opened on November 12th 2013. Situated in the Suzhou Industrial Park, the China Logistics Centre (CLC) is the fourth logistics centre of its kind for Navico and will work closely with its fellow centres in North America, Australia, and The Netherlands. Today Navico purchases 35% of its product components from China, so as well as being a hub for finished goods for Navico’s Asian business partners, the facility will also assist with component sourcing which will improve logistics to Navico’s manufacturing facility in Mexico. All third party finished goods sourced from within Asia will also funnel through CLC.
Navico has been operating in China for many years, and had been selling product through a number of independent distributors. In 2012 Navico opened a sales subsidiary in Shanghai to further increase its presence in the China market and this is supported by the opening of a logistics centre in Suzhou.
The official opening was attended by Navico’s China and Hong Kong based customers and suppliers, as well as Navico senior management including CEO Leif Ottosson. Michael Xiao, Manager of Navico’s China Logistics Centre comments “we see this center as very important both for our development in China and Asia, as well as for improving our global operations and footprint”.
Today, Asia represents about 7% of total Navico sales, and this number is expected to increase to 25% within the next three years. The opening of Navico’s CLC will also enable the company to have some light manufacturing and research & development (R&D) functions in China.
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For Images and further information contact:
Samantha Brown, Navico APAC
Ph: +64 9 925 4550 Email: Sam.Brown@navico.com
About Navico: Navico is currently the world’s largest marine electronics company, and is producing products under leading marine electronics brands: Lowrance, Simrad and B&G. Navico has approximately 1,500 employees globally and distribution in more than 100 countries worldwide. www.navico.com