Flextronics Totally Explained

Everything about Flextronics totally explained

Flextronics International Ltd. (Flextronics) is a contract electronics maker which provides electronics manufacturing facilities to original equipment manufacturers (OEM). It also provides supporting supply chain services, including packaging and transportation throughout the world, as well as design and after-sales.
   The company operates within several fields including computing, consumer and industrial fields, automotive and medicine.
   Flextronics has manufacturing operations in over 30 countries, totalling approximately 15.8 million square feet (as of March 2006).
   On 4th June 2007, Flextronics offered to purchase Solectron for US$3.6b and thus making Solectron a subsidiary of Flextronics.
   Flextronics has a contract from Microsoft to build the Zune, Xbox and Xbox 360.

History

1969 - Founded in Silicon Valley as Flextronics Inc by Joe McKenzie.
1980 - Sold to Bob Todd, Joe Sullivan, and Jack Watts as the new owners. Todd became CEO.
1981 - Becomes the first U.S. manufacturer to go offshore by setting up a manufacturing facility in Singapore.
1987 - Went public.
1990 - Return to private in a leveraged buyout and is reorganized as Flextronics International Ltd., with Singapore as its new base.
1993 - Received venture capital funding through Sequoia Capital
1994 - Went public for the second time. Michael Marks became CEO in January 1994.
1996 - Closed its contract electronic manufacturing plant in Richardson, Texas. Acquired two companies in Hong Kong - the Astron Group and FICO Plastics Ltd. and the Ericsson Business Networks production facility in Karlskrona, Sweden
1998 - Annual revenue surpasses $1 billion in fiscal 1998 ending March 31, 1998.
2000 - Ranked third on Industry Week's list of '100 Best-Managed Companies.

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