Assa Abloy Asia Pacific
The Asia Pacific division manufactures and sells mechanical and electromechanical locks, digital door locks, high-security doors and hardware.
China accounts for 50 percent of sales, South Korea and the rest of Asia for 20 percent, Australia and New Zealand for 20 percent, and exports to the rest of the world 10 percent. The Asian countries are emerging markets without established security standards. New construction accounts for around three-quarters of sales.
Australia and New Zealand are mature markets with established lock standards. Renovations and upgrades account for the majority of sales. In Australia and New Zealand, the largest brands are Lockwood and Interlock.
Asia Pacific’s share of Group sales is 14 percent (2012). The division has 15,200 employees and the divisional head office is located in Hong Kong.
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