Sanmina-SCI Corporation
wikipedia | 2013-08-02 14:46

 

Type Public
NASDAQ: SANM
Industry Electronics Manufacturing Services
Founded 1980
Founder(s) Milan Mandarić, Jure Sola
Headquarters San Jose, California,United States
Key people Jure Sola, Chairman and Chief Executive Officer; Bob Eulau, 
Executive Vice President and Chief Financial Officer
Revenue $6.32 billion USD (2010)
Employees 48000 (2010)
Website http://www.sanmina.com/


Sanmina-SCI Corporation is a global electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers in technology-related industries such as communications and computer hardware. Sanmina-SCI has nearly 80 manufacturing sites. The company is one of the world’s largest independent manufacturer of backplanes.

History
SCI was founded as "Space Craft Inc." in a basement in Huntsville, Alabama, in 1961 by engineers Olin B. King, Bill Greaver, and Joe Kirk. The company grew into a billion-dollar business by constructing aerospace components. Some of SCI's client companies included Boeing, Sperry, International Business Machines (IBM), Commodore, Thiokol, and Northrop. In the 1990s the firm made Commodore Amiga computers in Scotland for the European market.
The Sanmina company was founded by Milan Mandarić and Jure Sola in 1980, as a printed circuit manufacturer. By the end of the 1980s, the company expanded to backplanes and subassemblies.

Merger and name changes
In December 2001, Sanmina merged with SCI Systems of Huntsville, Alabama for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core telecommunications business was performing well, whereas SCI's lower-margin businesses such as personal computer manufacturing, were struggling. Shortly after, Sanmina-SCI bought E-M Solutions, a Fremont, California electronics manufacturer, for $110 million in cash. Then in early 2002, Sanmina-SCI acquired Viking Interworks of Rancho Santa Margarita for $15 million ($10.9 million in cash and 390,000 shares of Sanmina-SCI stock worth $10.26 per share at the time).

On Nov. 15, 2012, the company changed its name to Sanmina.

Labor Relations
The Malaysian subsidiary, Sanmina Corporation (M) Sdn. Bhd., is now facing the possibility of legal action in Kuching, Malaysia for failure to adhere to Sarawak Labour Ordinance Laws (Sarawak Cap 76).

Operations
In 2012 the San Jose, CA based company has 41,000 employees in over 20 countries. It serves clients in the fields of communications, computing, multimedia, semiconductors, defense, aerospace, medical applications, and automotive technology. It provides "end-to-end" manufacturing services for these clients (including consulting, design, engineering, logistics, new product introduction, assembly, machining, and fabrication), to produce printed circuit boards, backplanes, cables, injection-molded plastics, enclosures and frames, optics. It was ranked number 366 on the 2011 Fortune 500 list of the 500 largest United States public corporations.

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