JPM Nears Top of Industry on Eve of 50th Anniversary.
The JPM Company (NASDAQ/NMS:JPMX) today announced the advancement of its North American industry rank to 4th (up from 8th) based on 1998 calendar year sales of wire harnesses and cable assemblies, according to a recent report released by Fleck Research(a).
"We are naturally pleased at this increase in market share and sales growth, particularly in view of our 50th year anniversary celebration," stated John H. Mathias, CEO and Chairman.
The ranking reflects JPM's growth as a leading supplier in the cable assembly manufacturing industry. The JPM Company began producing tone arm leads for record players in 1949 and is currently among one of the largest independent cable assembly manufacturers in the world serving major OEMs and contract manufacturers through its global operations.
The Company, which began in a garage in Lewisburg, on June 6, 1949 now employees approximately 4,000 people in twelve facilities, spanning seven countries and four continents.
"We are honored to be in a position to recognize our 50th Anniversary concurrent with this notable achievement in industry standing," commented Mathias.
"My father, Jay P. Mathias, founded this company with the belief in conducting business with integrity, treating employees with dignity, and giving back to the communities in which you operate. In many ways, he was ahead of his time and we have benefited from the strong foundation he established. Those values are deeply rooted in our company's culture and form the basis for growth in the next 50 years."
"We'd like to take this opportunity to recognize the customers and suppliers who have been an integral part of our growth and importantly, our employees who put forth a special effort, everyday, to distinguish JPM from its competition," continued Mathias.
The JPM Company designs and manufactures cable assemblies and wire harness for OEMs and contract manufacturers in the computer, networking, and telecommunications sectors of the electronics industries.
Headquartered in Lewisburg, JPM has manufacturing facilities in Lewisburg and Beaver Springs, Pa. and San Jose, Calif., USA; Guadalajara, Mexico; Toronto, Ontario and Calgary, Alberta, Canada; Leuchtenberg, Germany; Bor, Czech Republic; and Sao Paulo, Brazil. The firm also has manufacturing service arrangements in Taiwan, the People's Republic of China, and Northern Ireland.
For more information about The JPM Company, visit the company's web site at http://www.jpmco.com/.
An Electronic Media kit with information about The JPM Company is available online at: www.businesswire.com
(a) Fleck Research is the only industry research organization devoted exclusively to monitoring the performance, sales, and trends of over 2000 companies that make up the connector industry within U.S., Europe, Japan, and the Pacific Rim.
Fleck Research operates mainly as global market researchers, analysts, and strategists in the electronic connector industry and the related industries of cable assemblies, backpanels and interconnect. For more information about Fleck Research, visit the company's web site at http://www.fleckresearch.com/home.htm
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|Date:||Jun 3, 1999|
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