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* 2010: Agreement with Lenovo to provide manufacturing for Europe.
* 2010: Agreement with Lenovo to provide manufacturing for Europe.
* 2010: Agreement with [[Brammo]] to provide acquisition and manufacturing in North America, Asia, and Europe. <ref>{{cite web|url=http://www.cycleworld.com/motorcycle_news/industry_news_articles/10q3/brammo_partners_with_flextronics_-_industry_news/|title=Brammo Partners with Flextronics - Industry News|last=Miles|first=Matthew|publisher=CycleWorld Magazine|accessdate=2010-09-16}}</ref>
* 2010: Agreement with [[Brammo]] to provide acquisition and manufacturing in North America, Asia, and Europe. <ref>{{cite web|url=http://www.cycleworld.com/motorcycle_news/industry_news_articles/10q3/brammo_partners_with_flextronics_-_industry_news/|title=Brammo Partners with Flextronics - Industry News|last=Miles|first=Matthew|publisher=CycleWorld Magazine|accessdate=2010-09-16}}</ref>
* 2011: Flextronics to provide electromechanical design services to CSP deceloper [[eSolar]].<ref>{{Cite web|url= http://www.pv-tech.org news/flextronics_to_provide_electromechanical_design_services_to_csp_developer_e|title=Flextronics to provide electromechanical design services to CSP developer eSolar | PV-Tech|work=pv-tech.org|accessdate=2 March 2011}}</ref>
* 2010: Agreement with Petra Solar to manufacture modules for worldwide deployment.<ref>{{cite web|url=http://www.pv-magazine.com/news/details_/beitrag/petra-solar-gears-up-for-global-expansion-_100000247/8/|title=Petra Solar gears up for global expansion |last=Stuart|first=Becky|publisher=pv magazine|accessdate=2011-03-21}}</ref>
* 2011: Flextronics to provide electromechanical design services to CSP developer [[eSolar]].


== Notes ==
== Notes ==

Revision as of 11:59, 21 March 2011

Flextronics International Ltd.
Company typePublic
Nasdaq: FLEX
IndustryElectronics Manufacturing Services
Founded1969
FounderRyan Dewey
HeadquartersSingapore
Key people
Mike McNamara, CEO
Websitehttp://www.flextronics.com

Flextronics International Ltd. (simply known as Flextronics or Flex) is an electronics manufacturing services provider that offers services 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. Flextronics in 2009 was ranked, according to VentureOutSource.com, as the second global Electronics Manufacturing Services (EMS) by revenue.

The company offers manufacturing and design services within several markets including automotive, computing, consumer, industrial, infrastructure, medical and mobile. In addition, the company operates five branded business units: Multek - a provider of multi-layer printed and flexible circuit boards, interconnect technologies and complex displays; Vista Point Technologies (VPT) - which offers camera modules for use in consumer devices and mobile phones; Global Services - which focuses on logistics, reverse logistics and repair operations; FlexPower - a provider of semi-custom and custom power supplies and battery chargers; and Retail Technical Services - a field services organization for customer operations.

Flextronics has manufacturing operations in over 30 countries, totalling approximately 27.2 million square feet (as of March 2009).

On June 4, 2007, Flextronics offered to purchase Solectron for US$3.6b and thus making Solectron a subsidiary of Flextronics. The acquisition of Solectron was completed by end of October 2007, earlier than anticipated.

On March 18, 2009, Flextronics was invited to ring the NASDAQ stock market opening bell, signifying the day’s start of trading and celebrated 15 year NASDAQ-listed anniversary. Mike McNamara (CEO) and a group of top executives represented the company at the ringing of the bell.[citation needed]

On August 25, 2009, Flextronics announced that it was chosen by LG Electronics (LGE), a global provider of advanced digital products and applied technologies, to manufacture 19, 22, 26, 32, and 37-inch LCD TVs at its Juarez, Mexico facility for distribution to the North and South American markets.[1]

On September 2, 2009, Flextronics announced that Multek received Danaher Test and Measurement's 2009 Outstanding Supplier Award. The award was given based on quality, delivery performance, engineering support and cost for work with two of Danaher's business units, Tektronix and Fluke.[2]

On September 15, 2010, Flextronics announced that it had been chosen by Brammo, Inc., a global leader in the electric motorcycle business, to be its manufacturing partner for the production and distribution of plug-in electric motorcycles and components. The partnership represented an expansion of Flextronics' Automotive Division's portfolio for battery powered vehicles and complemented its expertise in high voltage and energy recuperations for the automotive market. [3]

Customers

Flextronics has a contract from Microsoft to build the Zune,[4] Xbox[5] and Xbox 360[6]

After a series of losses, the Lego Group contracted most of their production capabilities to Flextronics.[7]

As of January 2010, Flextronics' largest customers include Cisco Systems, Inc. (consumer electronics products), Eastman Kodak (digital cameras and self-service kiosks), Ericsson Telecom AB (business telecommunications systems and GSM infrastructure), Hewlett-Packard (inkjet printers and storage devices), Microsoft (computer peripherals and consumer electronics gaming products), Motorola (cellular phones and telecommunications infrastructure), Research in Motion(RIM) (smartphones and other mobile communication devices), Sony-Ericsson (cellular phones), Lenovo (commercial desktops, server and workstation products), Dell Computer Corporation (AC Adapters for portable computers), Western Digital (hard drives), and Sun Microsystems (network computing infrastructure products).[8] Their RTS division is also contracted by Verizon Wireless for in-store technical support services[9] [10]

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.[11]
  • 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'.
  • 2005: Bought out the manufacturing division of the Nortel Networks Corporation.
  • 2007: Purchased Solectron.
  • 2008: $16-billion global electronics manufacturing services provider.
  • 2009: Entered the Solar Industry.
  • 2010: Agreement with Lenovo to provide manufacturing for Europe.
  • 2010: Agreement with Brammo to provide acquisition and manufacturing in North America, Asia, and Europe. [12]
  • 2010: Agreement with Petra Solar to manufacture modules for worldwide deployment.[13]
  • 2011: Flextronics to provide electromechanical design services to CSP developer eSolar.

Notes

  1. ^ http://www.foxbusiness.com/story/markets/industries/industrials/flextronics-selected-lg-electronics-manufacture-assorted-lcd-tv-products-north/
  2. ^ http://finance.yahoo.com/news/Multek-Wins-Danaher-Test-and-prnews-1273053865.html?x=0&.v=1
  3. ^ Williams, Christina (16 September 2010). "Brammo teams with Flextronics". Portland Business Journal. Retrieved 23 September 2010.
  4. ^ Zune vs Ipod Comparison
  5. ^ Wired 9.11: The Making of the Xbox
  6. ^ Radd, David (2005-08-16). "Xbox 360 Manufacturers Revealed". Bloomberg Businessweek. Retrieved 2010-08-19.
  7. ^ Billionaire's Lego Farms Out To Flextronics
  8. ^ Flextronics 2009 Annual Report [dead link]
  9. ^ Flextronics purchasing Solectron
  10. ^ Reed Business Information - US - CA6726615
  11. ^ "Sequoia Capital funds Flextronics".
  12. ^ Miles, Matthew. "Brammo Partners with Flextronics - Industry News". CycleWorld Magazine. Retrieved 2010-09-16.
  13. ^ Stuart, Becky. "Petra Solar gears up for global expansion". pv magazine. Retrieved 2011-03-21.
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