Sales History
PCB Sales History Origins and Background From 1988 through 2000, Saturn Electronics Corporation increased sales at an average annual rate of 25% year-over-year.
China Syndrome In 2001, the North American PCB fabrication industry experienced a massive fallout. 75% of sales volume moved to China; while over 50% of fabrication capacity shut down altogether.
Dependant on One Industry Exacerbating this sudden shift to Chinese outsourcing and brokers was the fact that, at this point, SEC was dependent upon Automotive production for 90% of our sales. As a result, during a two-week period at the end of 2001, we were notified that we were losing our Chrysler power distribution and GM automatic dimming mirror programs. These two programs represented over 50% of total sales. Despite this shock, we survived 2002 and also increased sales to other customers and industries.
Diversified Supplier with Advanced Technologies Since then we have continued our technology capabilities to further grow our sales and account base. In 2008, Saturn broke the list of Top 25 domestic PCB Fabricators. In 2010, our YOY growth was 50% higher compared to the rest of the industry. And 2011, despite declines for the industry, SEC will post consecutive year-over-year growth, gain market share, and continue to rise to the upper echelons of U.S. circuit board manufacturers.
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