With the Covid-19 (Coronavirus) situation still ongoing, Absen has allayed any concerns by confirming that it has over 5,000 sqm of LED in stock and ready for shipping, with a further 27,000 sqm in production covering the company’s wide array of indoor, outdoor and rental display products.
As well as the company’s manufacturing base in Huizhou, China, this stock availability also comes from Absen’s European headquarters in Frankfurt, Germany, and across the regions covered by its network of Value-Added Distributors (VADs), with a huge holding of matched-batch stock available for purchase or hire. This stock includes Absen’s Polaris (PL), Aries (AX) and newly launched Venus (VN) rental series, as well as the Acclaim (A27), Absenicon and N-Plus series for fixed installation.
Absen is currently accepting new orders from new and existing customers globally and will continue to do so.
After its most successful financial year-to-date, achieving the number 1 global export position for the 11th consecutive year, Absen is in a strong cash flow position and has doubled its inventory of stock and raw materials to alleviate any short-term supply chain risks.
Since well before the outbreak, Absen’s factory has been working at full capacity to meet high demand – with orders up in Europe by 128% when compared to the same period last year. Despite a 35% drop in attendance at ISE, leads were also up by 20% versus 2019.
As a result, the company is in the best possible position to deal with the current situation Tania Zhao, Managing Director of Absen Europe, said: “We would like to reassure our customers and the market that our company is in a very strong position. We have a vast array of products in stock, which can be shipped directly, or collected from our European warehouse in Germany or our regional distribution partners. Our priority is to ensure our customers and our partners continue to have access to the latest LED products.”
By 30th March 2020, Absen will have moved its European offices into larger premises, with a new warehouse that has the capacity to hold twice the amount of stock than the current one.