Celestica

celestica

date of creation

1994

number of employees

42,000

HISTORY

Celestica was founded in 1994 as a subsidiary of IBM.

During the first four years of existence, Celestica quickly expanded, acquiring several companies, such as Onex Corporation, International Manufacturing Services in Asia and Design Distribution in Europe.

In 2000, Celestica began to manufacture mobile phones for Motorola and established a subsidiary company in Japan. In 2001, Celestica signed a manufacturing contract with Alcatel Lucent.

In 2001-2005, Celestica struggled with recession that followed the crisis in telecommunication and IT sector (dot-com crash). The company laid off more than 3000 employees and suffered heavy losses up until the stabilization of the market in 2008.

Core business of the company suffered a lot due to the competition from the lower-cost Asian manufacturers. In 2005, Craig Muhlhauser, appointed as the new CEO of the company, started to pursue a new strategy, focusing more on establishing Celestica not only in the lower-cost segment but also in higher-margin fields, such as aerospace and health.

Between 2009 and 2011, Celestica acquired Allied Pannels, a medical equipment manufacturer, and Invec Solutions, a warrant management services provider. Another important milestone was the certification of the company’s facility in China for aerospace industry manufacturing.

 

DESCRIPTION – KEY FACTS

Celestica is headquartered in Toronto, Canada. The company is a leading electronic manufacturing services company, operating numerous production facilities worldwide. Celestica is present in about 40 locations in eleven countries in Asia, Europe and America.

Celestica is an international electronics design and manufacturing company, providing a range of value-added services such as systems assembly, fulfillment, maintenance and supply chain management services.

Celestica has more than 100 customers, the largest customers being HP, IBM, Intel and Blackberry (RIM).

Shares of the company are publicly traded on the Toronto (TSX) and New York ( NYSE) Stock Exchanges. In 2013, the total revenue of Celestica amounted to 5.8 billion U.S. dollars.

Celestica received numerous awards for the product quality and innovation, including the Green Supply Chain Award in 2012 and the 2011 Canadian Manufacturer of the Year Award.



Comments are closed.

HEADQUARTERS


Toronto




MORE COMPANIES

solvay

Solvay

Solvay is a global leading chemical company, based in Neder-Hever-Heembeek, Belgium.


accor

Accor

Accor is a multinational French hotel group, with corporate operations in 92 countries...


Alibaba

Alibaba

Founded in 1999, Alibaba is the largest Chinese e-commerce company with 400 million users. A...


Edeis

Edeis is a French company specialized in the domains of construction services, engineering,...


Back to Top ↑
  • DIRECTOR

    Craig H. Muhlhauser

    Craig Howard Muhlhauser holds a Bachelor degree in aerospace engineering and a Master degree in engineering mechanics from the University of Cincinnati, where he studied from 1966 to 1976.

  • LATEST TWEETS