In 2011, STIF Asia created its subsidiary STIF (Suzhou) Components Co Ltd. With this action, it has fulfilled our objective of producing in Asia for Asia. Initially, STIF (Suzhou) produced some parts in China and imported some products from France, our global headquarters. Gradually, we increased the the proportion of products produced locally in China, in order to better serve our customers, particularly in the Asian region, with quality products at a reasonable price. Indonesia has long been considered one of the best prospects in emerging markets. As the 5th largest economy in Asia and 4th largest in the world. In 2013, STIF Asia set up its subsidiary in Indonesia PT STIF Indonesia. This entity consists of a warehouse and a sales office in Jakarta, in order to respond to a demand from customers in Indonesia. Asia continues to be one of the world’s leading growth markets Asia continues to be one of the world’s leading growth markets. We see Asia continuing to be an important part of our future strategic growth.
