Incorporated (NASDAQ: MOLX) and (NASDAQ: MOLXA), begins its new
fiscal year today, the company proudly celebrates its 75
year in business serving customers in the global electronics industry.
As Molex Incorporated (NASDAQ: MOLX) and (NASDAQ: MOLXA), begins its new fiscal year today, the company proudly celebrates its 75 th year in business serving customers in the global electronics industry. Providing innovative interconnect solutions to the world’s leading manufacturers, the company’s primary markets include data communications, telecommunications, consumer electronics, industrial, automotive, aerospace and defense, medical and lighting. Molex sells more than 100,000 different products and ranks among the top three connector companies in the world based on annual revenue. “Molex has built a legacy of innovation while growing from a small, local enterprise in Chicago’s western suburbs to one of the largest connector companies in the world,” states Martin P. Slark, vice chairman and CEO, Molex. “This milestone gives us an opportunity to reflect on where we’ve been, as we look forward to a promising and powerful future.” Established in 1938, Molex earned an industry reputation for developing unique interconnect solutions for challenging design problems. Examples include: simple PCB connectors and stamped circuitry, as well as nylon plugs and receptacles for color TVs. Molex also introduced ever-smaller connectors and modular interconnects—the micro products of their day—and continues to be a leader in the miniaturization of electronic components. Molex opened its first factory outside the U.S. in Japan in 1970. The company has since opened manufacturing operations in many other overseas locations, including Mexico, Ireland, Hong Kong, Singapore, India and China. In 1972, Molex went public launching a period of rapid growth as the company expanded into global markets to provide design, customer service and manufacturing capabilities closer to its increasingly diverse customer base. On its 60 th anniversary, Molex sales had reached over $1.6 billion in annual revenue—a figure that has since more than doubled. “Investing in the development of innovative products has always been an important part of our strategy and that will not change,” adds Slark. “Molex continues to invest in design innovation, organic growth and strategic acquisitions to bring greater value to our shareholders and customers.”