Molex celebrates 75th anniversary
Molex's 75th anniversary highlights its continuing diversity globally as the company continues to develop technologies in communications, electronics, automotive, and aerospace engineering.
Molex Incorporated (NASDAQ: MOLX and MOLXA), is celebrating its 75th year in business serving customers in the global electronics industry. The company’s primary markets include data communications, telecommunications, consumer electronics, industrial, automotive, aerospace and defense, medical, and lighting.
Established in 1938, Molex earned an industry reputation for developing unique interconnect solutions for challenging design problems. Examples include: PCB connectors and stamped circuitry and 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. On its 60th anniversary in 1998, Molex sales had reached over $1.6 billion in annual revenue—a figure that has since more than doubled.
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.