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| Press release 03 from 05.03.2008 |
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Ressort: Company Anouncements |
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Intertec Components celebrates 15th birthday |
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Europe’s largest non-franchise relays distributor, Intertec Components of Freising, celebrates 15 years in business in 2008. Owners Christian Peter and Oliver Pflüger have steadily expanded and adapted the company to keep pace with prevailing market conditions. As a result, the two young entrepreneurs can look back on a long list of satisfied customers from a wide range of industries. |
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Key customers include major franchise distributors, CEMs and OEMs. The company’s success is primarily attributed to its “non-franchise-PLUS” strategy, which combines the advantages of the franchise distributor with those of a non-franchise dealer. As a result, customers benefit from a unique supplier and product package that is not replicated anywhere else. The past few years have seen Intertec Components sharpen its focus on relay manufacturers Omron, Panasonic, Fujitsu, Hongfa and Tyco and systematically expand its customer service offering. In addition to Kanban processes, just-in-time deliveries, customized labeling and PCN alerts, the company also offers consignment and buffer warehouses. The company’s high quality standards have been backed for many years by ISO 9001 certification, which was also recently examined and successfully passed by demanding customers as part of an in-house audit. As part of its quality assurance policy, the company has now also introduced seamless traceability based on sequentially recorded LOT numbers. Since Intertec Components often sources identical goods from different suppliers, this unique assignment must be guaranteed. “Customers profit first and foremost from world market prices, which are often significantly below the prevailing prices in Germany and Europe,” explains Sales Director Christian Peter. In this respect, Intertec Components targets long-term business as a core objective and therefore guarantees its prices for long periods in order to maximize planning reliability for its customers. The fact that this is often difficult to achieve is borne out by the currency fluctuations of the past five years. Finance Director Oliver Pflüger is responsible for currency hedging at Intertec Components. “We hedge our product purchasing in foreign currencies up to 18 months into the future. This proactive approach helped us a great deal at the beginning, but the last couple of years have seen the USD and the JPY fall appreciably in value. Consequently, our mixed rate of foreign currencies is falling behind. However, if the trend moves in the opposite direction, we’re protected and that’s ultimately what counts when you’re dealing with a long-term business.” The innovative entrepreneurs are also targeting further expansion in the coming 15 years and are planning to hit the 10 million euro mark by 2010. The company’s workforce is also set to rise to 20, although a move to new premises is not yet on the cards. |
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