Tag Archives: Components Only

Components Only plots expansion path with appointment of new Commercial Manager

Brisbane, Australia-based Components Only has charged Jeffery Chua with expanding the company’s heavy equipment components operations in his new role as Commercial Manager.

With experience in corporate finance and commercial management, Chua is well placed to help the company continue its growth and expansion plans, according to Components Only.

Chua believes his experience will prove particularly beneficial in this new role. He stated: “Having worked in the mining and heavy equipment related spaces for approximately eight years, I understand the varied needs of these industries and that helps enormously.”

Chua has worked for businesses in Asia, Europe and Australia and feels this too will equip him for his new role within Components Only, specifically when it comes to catering to the company’s increasingly global portfolio of customers.

“I welcome the opportunity to work with a growing company.” Chua says. “My most memorable project, whilst in Asia, was working as part of a management team to take a company from a A$4 million ($2.7 million) business to a A$50 million business in six years. We set up subsidiaries in different countries, including Europe, as part of the expansion and eventually prepared the business to be listed on the stock exchange.

“It’s a challenging and enjoyable journey and I can see the potential to repeat that cycle with Components Only.”

Director, Daniel Fedder, added: “With his background in corporate finance, commercial management and accountancy, Jeff will be a versatile addition to the Components Only team.”

Components Only has been working in the mining and heavy earthmoving industries since 2014, offering clients what it says is a complete suite of services that include the sourcing, selling and marketing of heavy earthmoving components.

Components Only expands offering to Chile, Mongolia

Australia-based business, Components Only says it is establishing offices in Chile and Mongolia as it looks to tap into the high-profile mining markets in those regions.

Calling itself a leader in the buying, selling and sourcing of new, used and rebuilt components for heavy machinery across the mining, construction and earthmoving industries, the company said the move was predicated on responding to increased demand for its services and expertise.

Components Only Accounts Director, Ben Hailes (pictured on the left), said: “Both rich in resources, Chile and Mongolia utilise similar equipment to our existing markets of Australia and North America and we are confident that with local staff we can respond to the increasing trade requirements of these economies.”

Chile is the world’s largest producer of copper, with the mining industry a major employer in the country. The sector represents around 10 percent of the nation’s GDP. Mongolia, meanwhile, boasts significant proven deposits of gold, copper, iron ore and coal, with its minerals sector underdeveloped and holding enormous potential, Components Only said.

Hailes continued: “Our expansion into Chile and Mongolia is an opportunity for us to leverage our proven business model, as well as to create positive economic impacts for both nations through employment and development of infrastructure. We’re committed to improving these regions, and we look forward to working with the local communities.”

Components Only’s services encompass the sourcing of new, used and rebuilt components worldwide; selling, appraising and disposing of excess and obsolete stock; and providing online marketplace services that facilitate the trade of components on one platform.