Protac puts warehouse on the market, hits out at demise rumours
- 02 June, 2009 10:30
- Comments 16
Components distributor, Protac, has denied persistent rumours it’s going out of business but confirmed it has placed a large portion of its warehouse up for sale or lease.
Earlier this month Protac managing director, Gary Jeng, said the distributor was radically changing its structure and reducing staff due to falling profits, but claimed the NSW Silverwater warehouse would remain in Protac’s hands.
The warehouse is now listed as being up for sale or lease at Realcommercial.com.au, which is a popular website for commercial property. ARN understands the entire warehouse property is up for sale or lease.
Despite the listing, Jeng dismissed rumours Protac is going under and said it was doing as well as anyone given the state of the economy.
Jeng said he would sell the warehouse if offered a good price, and then use the resulting funds in a non-Protac related investment.
“Nobody in the industry is as financially independent or financially strong as Protac. We don’t need such a big warehouse. We’re leasing part of the warehouse and we’re looking for tenants. Protac has no debt - why should it close?” Jeng said.
“We put that on the market to get feedback on how much we can get. If we have a good price offer we will sell it and we’ll move to the smaller unit.”
Jeng hit out at negative rumours being spread about the company, laying blame on small wholesalers that were former competitors.
“I just want to say to them that we’re not interested in that type of business anymore… we have about 10 [staff]. It’s still quite healthy and everything is fine. It’s just that we’re not interested in fighting with them for selling a CPU or a RAM, a keyboard,” he said.
“I don’t see anyone in wholesale that will tell you they’re making good profit. If they’re not losing money that’s good enough.”
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Comments
Anonymous
They used to be very strong in the components. I used to buy from a beautiful man but he left and so was my business with them.
IT COYOTE
you can source alternative from original beautiful man in bluechips... they all very similar type of distribution
Anonymous
Where is your Cheimei now
Gary can say what he likes at the end of the day , wether open or close , the point that you can no longer withstand industry's dynamic change , is in turn a sighn of failure .
He says small wholesalers , well the small ones are buying new premises , and he is selling what does that tell you .
Most important , i hope Gary got a few CMV lcd's for his personal use .
Anonymous
i bought a dodgy excel notebook , i want my warranty now .
Gary you need to fix now
Anonymous
Protac says they have 10 staff
Seriously People 10 staff doing what , can i have a job
Anonymous
Mark, You spread enough rumours. It is time to stop to mind your own business.
Anonymous
With money and property, I will be happily retired if I were him.
Anonymous
Warranty is still good
I sent a Chimei LCD to Protac last week on behalf of a customer and got it back few days later.
IT COYOTE
He should be retire, since he owns property he can turn that property into Karaoke bar...
Anonymous
I reckon, Mark go back and focus sell your key product... you need to clear those Kylie Minogue Pantyhose you committed
Anonymous
Better than Optima
Many I.T. companies went down with other people’s money. Optima left $17M debt and unpaid employees’ entitlement, but Protac seems doing the right thing so far.
Anonymous
No problem with Protac warranty
hey,
I had 2 warranty claims in last 3 months without any issue with Protac. Frank in the RA Dept is good.
Anonymous
why would you buy from bluesh**? their ra procedure is one of the worst so far i have dealt with!
good riddance to another terrible box pusher. who is next!
Anonymous
because bluechips has infamous IT beautiful man and IT female coyote working their, those dynamic duel I can't find anyone else who can provide such combo & bundle package
Anonymous
are you talking about the FEARLESS man? i hear he is doing great things over at bluesh** with a wonderful vendor to which i think he is familiar with, but i think he is turning that vendors color from silver to GREY
David
Protac Customer Relations
I told Kevin many years ago if they (Protac) keep treating thier customers the way they did then.............they would have no business.....He laughed at me and said i don fink so haha....I said we will see......and here we are a few years later.....
PS we were one of thier biggest re-sellers in QLD outside Brisbane Metro.
RIP Protac!!!!!
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