Latest Stories

RS Components sees drastic growth in PH sales in 2012


MANILA, Philippines—The London Stock Exchange-listed electronics reseller RS Components Pte. Ltd. expects a drastic growth in Philippine sales in the coming year, banking on the expansion of the country’s export and technology sectors.

In a recent briefing, the company said it would likely end its current April 2011 to March 2012 fiscal year with double-digit rate growth in sales. For the 11-month period of April 2011 to February 2012, the company said sales rose 17 percent, outpacing the rest of the region, which grew by just 12 percent.

This made the Philippines one of the fastest-growing markets for RS Components.

“Engineers in the Philippines have shifted their focus towards innovation and high value-added manufacturing and engineering activities, and we’ve noticed a similar purchasing trend based on the products that we currently supply,” RS Components Philippines general manager Glenn Lanot said.

He said these purchasing patterns, particularly in the manufacturing, power generation and oil and gas industries, showed a trend of companies wanting to automate more of their systems to cut costs and stay competitive.

“In the face of more global competition, Philippine manufacturers are automating so they can add value,” Lanot said.

Likewise, Lanot said the local exports sector, dominated by semiconductor manufacturers, would likely grow by as much as 15 percent this year, up from a 6.9-percent decline in 2011.

RS Components sells engineering components various and machine parts from various suppliers to engineering professionals. About 60 percent of its sales in the Philippines are done through its online portal.

Providing a wide range of components for the electronics and maintenance sectors, the company’s success is driven by a continued strong demand for automation and control products across the manufacturing, semiconductor and oil and gas sectors in the country.

RS Components has over 18,000 automation and control products stocked in Southeast Asia to meet demand.

“We serve over 3,000 active buying customers in the Philippines, including Nestlé Philippines, Sun Power Corp., Rohm Electronics, Coca Cola and Team Energy,” Lanot said.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: electronics , Exports , forecasts , RS Components Pte. Ltd , technology

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace