Molex Celebrates 75 Years of Business

Source: From the ControlDesign.com News Desk

Jul 01, 2013


Source: Molex

Interconnect solutions provder Molex celebrates its 75th anniversary this years serving the global electronics industry, including data communications, telecommunications, consumer electronics, industrial, automotive, aerospace and defense, medical and lighting.

"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 Slark, vice chairman and CEO of Molex. "This milestone gives us an opportunity to reflect on where we’ve been, as we look forward to a promising and powerful future."

Since the company was established in 1938, Molex has been recognized by customers for developing innovative interconnect solutions such as PCB connectors, stamped circuitry, nylon plugs, color TVs, smaller connectors and modular interconnects  for design problems.

Molex expanded its business globally in 1970, opening its first factory outside the U.S. in Japan. Today, the company has expanded its global markets to provide design, customer service and manufacturing capabilities, and its operation locations in Mexico, Ireland, Hong Kong, Singapore, India and China.

Molex's annual revenue exceeded $1.6 billion when the company celebrated its 60th anniversary. That number has more than doubled since then, according to Molex. The company invests at least five percent of annual net revenue in R&D. Molex developed 200 new products, received 319 patents and sold 60 billion connectors in fiscal year 2012.

"Investing in the development of innovative products has always been an important part of our strategy and that will not change," Slark said .  "Molex continues to invest in design innovation, organic growth and strategic acquisitions to bring greater value to our shareholders and customers."

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