Merix Corporation
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| Merix Corporation | |
|---|---|
| Type | Public (NASDAQ: MERX) |
| Founded | 1994, Oregon |
| Headquarters | Beaverton, Oregon, United States  |
| Key people | William C. McCormick, Chairman |
| Industry | electronics |
| Products | printed circuit boards |
| Revenue | $309 million USD (FY 2006) |
| Operating income | ▲ $9.9 million USD (FY 2006) |
| Net income | ▲ $1.4 million USD (FY 2006) |
| Employees | 4,450 (2006) |
| Divisions | Merix San Jose Merix Asia Merix Oregon |
| Website | merix.com |
| Financial data.[1] | |
Merix Corporation (NASDAQ: MERX) is a printed circuit board (PCB) manufacturer based in Oregon, United States.[2] The Beaverton based company is the 31st largest public company in Oregon based on market capitalization as of 2006.[3][4]
Contents |
[edit] History
Merix Corporation was started in 1994 as a spin-off from Tektronix, Inc. in Oregon’s Silicon Forest, employing 700 people.[5] Tektronix contiuned to own 27% of the new company.[6] The City of Portland’s Office of Sustainable Development awarded Merix a BEST Award in 1997 for water conservation.[7] In December 2004, the company bought Data Circuit Systems and named the unit Merix San Jose.[1]
On September 29, 2005, Merix purchased the operations of Eastern Pacific Circuits Holding Limited. Merix renamed these operations as Merix Asia.[8] In February 2007, the company was warned by NASDAQ for failing to have a full three member independent audit committee as required by NASDAQ listing rules.[9] In January 2008, Merix announced the closing of their Wood Village, Oregon, factory they opened in 2004.[10] The company laid off 180 people company-wide as part of a restructuring plan at that time.[10]
[edit] Products
Merix produces printed circuit boards that are used in various electronic equipment worldwide. This is primarily multi-layered rigid PCBs used in the automotive industry, communications equipment, testing equipment, and the computer industry. The manufacturing facilities are located primarily in China.[11]
[edit] Recent financials
In millions of US dollars.[1]
- Year || Revenue || Net Profit
- 2002: || $87 || $(9.6)
- 2003: || $95 || $(30)
- 2004: || $156 || $.02
- 2005: || $187 || $(2.6)
- 2006: || $309 || $1.4
[edit] References
- ^ a b c Merix Corporation 2006 Annual Report. Securities and Exchange Commission. Retrieved on March 25, 2008.
- ^ Merix Corporation (MERX). Portland Business Journal. Retrieved on March 25, 2008.
- ^ The Oregonian Top 50. OregonLive.com (July 2, 2006).
- ^ Merix North America. Merix. Retrieved on May 14, 2008.
- ^ Tektronix In a Spinoff. The New York Times, April 4, 1994.
- ^ Company News; Tektronix, posting a loss, plans 10% cut in work force. The New York Times, September 17, 1998.
- ^ 1997 BEST Winners. City of Portland, Oregon. Retrieved on March 25, 2008.
- ^ Merix Corporation - Company Profile Snapshot. Wright Reports. Retrieved on March 25, 2008.
- ^ NASDAQ warns Merix. Portland Business Journal, February 19, 2007.
- ^ a b Trevison, Catherine. Merix to lay off 180, close plant. The Oregonian, January 10, 2008.
- ^ Company profile for MERX. Reuters. Retrieved on March 25, 2008.
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