written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . march 2015 learn how and when to remove this template message jabil circuit inc. type public traded as nyse jbl s & p 500 component industry electronics manufacturing services 1 founded 1966 1966 detroit michigan united states founder william e. morean and james golden headquarters st. petersburg florida 2 united states number of locations 23 countries worldwide 3 area served worldwide key people mark mondello ceo 4 tim main chairman of the board 4 william e. peters president william d. muir jr. coo revenue us 18.3 billion 5 usd 2013 operating income us 511.4 million 5 usd 2013 net income us 371.4 million 5 usd 2013 total assets us 9.1 billion 5 usd 2013 total equity us 2.3 billion 5 usd 2013 number of employees 177 000 6 website www.jabil.com jabil circuit inc. is a us based global manufacturing services company . headquartered in st. petersburg florida it is one of the largest companies in the tampa bay area . 7 and the third largest contract manufacturer in the world . jabil has 90 facilities in 23 countries and 175 000 employees worldwide . 3 contents 1 history 2 business areas 3 services 3.1 design engineering 3.2 supply chain and logistics 4 company culture 4.1 social and environmental responsibility 4.2 awards and recognition 5 acquisitions and expansion 6 references 7 external links history edit the company s name derives from those of its two founders james golden and bill morean who founded the company in 1966 . jabil was incorporated in 1969 . an early product was pcbs . 2 in the 1980s the company was making parts for pc companies like dell 2 and this continued through the mid 1990s . 8 the company went public in 1993 . 9 in 1998 jabil began trading publicly on the new york stock exchange under ticker symbol jbl . 10 the company was added to the s & p 500 index in 2001 . 11 on march 1 2013 jabil appointed william e. peters as president and william d. muir jr. as chief operating officers . both had been with jabil for more than 20 years . on the same day mark mondello was appointed to ceo replacing timothy main who was elected chairman of the board of directors . 12 the appointments were sparked by the retirement of board chairman william morean whose father founded jabil in 1966 . 13 the company reports on its website that it operates 90 plants in 23 different countries . 3 business areas edit jabil customers span numerous industries including healthcare life sciences clean technology instrumentation defense aerospace automotive computing storage consumer products networking and telecommunications . 14 its services include design engineering manufacturing and supply chain services for the ems and consumer industries ; and materials technology services plastics metals automation and tooling . jabil diversifies their business into three areas . 15 services edit jabil is involved in design engineering services . the company has industrial design services that concentrate on designing the look and feel of plastic and metal enclosures that house printed circuit board assemblies and systems . mechanical design services of jabil include dimensional design and analysis of electronic and optical assemblies . computer assisted design from jabil includes printed circuit board assembly design testing and verification and other consulting services . 15 design engineering edit jabil has an industry specific design team for each of the industries that they supply including computer and storage digital home healthcare and instrumentation point of sale and mobile . 16 jabil has assisted many fortune 500 companies with design and engineering including inventing the sandy creek a dual intel xeon e5 2690 sandy bridge romley ep based reference design for use in customer applications . 17 jabil also assisted cisco with value engineering by placing rfid in circuit boards to store data about the host board . 18 supply chain and logistics edit jabil provides supply chain and logistic services . these services include electronic sourcing virtual vertical mechanics logistics supply chain management advanced planning quality standardized global systems and supply chain solutions and business analytics . examples of the company s supply chain and logistics management were seen during the 2011 t hoku earthquake and tsunami in japan . 19 when supply chain disruption occurred jabil re routed supply from alternative sources allocated limited production to key customers and distributors specify and quality alternative parts and called on existing suppliers to help reduce the impact of the disruptions . 20 21 jabil was able to do the same during the 2010 and 2011 thailand floods . 22 company culture edit over the years jabil has received awards for its community engagement and business practices . jabil s organizational culture supports numerous social and environmental responsibility initiatives and embraces lean thinking throughout the organization . the company also has its own university that it uses to promote employees from within the company . the university has programs for operator to supervisor blue collar to white collar and white collar to future manager . 23 jabil s company culture uses the concept of lean manufacturing which is the process of driving improvement and innovation by reducing waste and increasing process speed . in september 2011 jabil hosted 14 000 kaizen blitz events . kaizen is a japanese term for improvement and kaizen events are focused projects that aim to improve processes . many of jabil s senior leaders are currently undergoing or have already achieved six sigma black belt certification a jack welch principle . 24 jabil also holds an annual improvement competition known as deliver best practices . this is a company wide and worldwide competition to recognize support and promote process advancements within the company . employee teams enter innovative and cost saving projects into the deliver best practices competition . after several rounds the top twenty four projects from the global teams win a trip to jabil s corporate offices and present their projects to company executives in person . one project in four different categories is chosen and the team receives a 10 000 prize . 25 social and environmental responsibility edit jabil is involved in both social and environmental responsibility . 26 jabil employs a director of social and environmental responsibility as part of their company who also serves on the board of directors for the electronic industry citizenship coalition . jabil is also involved with charity and non profit organizations outside of the tampa st. petersburg area as well . they are a donor for the guadalajara los pinos boys shelter in los pinos mexico . 27 in japan jabil gotemba employees harvest and sell fruits to jabil employees and use the proceeds to purchase and donate wheelchairs to the gotemba community . 28 jabil employee rick smiley climbed mt. kilimanjaro in 2011 to raise money for charity . the funds that he raised went to an orphanage in kenya called new hope . 29 as part of the company s global initiative more than 7 000 jabil employees donated money to help the victim s of the 2011 earthquake and tsunami in japan . jabil green point wuxi and wuxi konggang industrial park teamed up to build the shuofang agricultural sanatorium for the disabled and the health and happiness garden on site . the facility opened on may 15 2012 . awards and recognition edit jabil has been the recipient of many awards and recognition . it was the first ever recipient of the mexican government s national quality award which was given to it in 2006 . this award is given to organizations recognized for their total quality management practices . 30 the company was awarded with the excellence in best practices award from frost & sullivan in 2009 . the company also received an hr award in poland 31 and a nec solution america s favored supplier award . 32 jabil was awarded with the 2010 save energy now award by the united states department of energy . jabil made the list of newsweek s & p 500 green companies in 2011 . it was the 3rd consecutive year for jabil to be on the list improving each year from number 200 to number 127 in 2011 they were also given the 2010 2011 annual enterprise of harmonious labor relation of guangzhou city award . 33 in 2012 jabil was recognized by fortune magazine as one of the fortune 500 most admired companies jabil was also awarded with the 2012 kaizen award in china by 1mfg and masaaki lmai s kaizen institute consulting group kicg . 34 in 2012 tim main former ceo and current chairman of the board and bill morean former chairman of the board of directors won entrepreneur of the year awards from ernst & young llc for the florida region . 35 jabil circuit shanghai received the institute of engineers lean best practice award in 2014 an award given in recognition of innovation and lean six sigma capabilities . 36 acquisitions and expansion edit jabil has acquired numerous companies and arms of companies . their acquisitions have helped them expand their presence in countries such as china mexico india spain the netherlands and russia to name a few . 2 37 in 2011 jabil opened a photovoltaic certification and testing laboratory in st. petersburg fl . 38 in february 2013 jabil announced it would be purchasing nypro for 665 million in cash . 39 the purchase was completed in july 2013 . 40 41 year company acquisition details 2015 plasticos castella purchased plasticos castella a european company that manufactures plastic packaging products for the food beverage and consumer product goods industries . 41 2013 nypro purchased nypro a private company that manufactures plastic products for the healthcare industry . 40 included radius product development . 2011 telmar network technology inc. purchased telmar a global provider of complex reverse logistics repair services technical support and spare parts management solutions for communication network service providers . 2006 taiwan green point enterprises acquired green point who specialized in plastic parts for cell phones and other portable electronic products . it is now referred to as jabil s material technology services . 2005 varian inc. purchased the contract manufacturing division of the company for approximately 195 million . 2002 lucent technologies of shanghai 75 million purchase of most of their assets which included a deal to supply lucent with optical switching and other communication components for three years . 2002 philips contract manufacturing services purchased the division from philips for approximately 210 million and also signed a 4 year supply agreement worth approximately 4 billion . 2001 intel corporation entered into agreement with intel to acquire an intel plant in malaysia . acquisition included an agreement to supply intel with parts for 3 years . 1999 get manufacturing acquired electronics manufacturer . acquisition allowed jabil to expand into china . references edit yahoo finance . jabil yahoo finance information . retrieved 25 june 2012 . a b c d hoovers . jabil circuit inc. history . retrieved 25 june 2012 . a b c jabil overview . jabil circuit . retrieved 23 june 2014 . a b united states sec form 8 k jabil circuit . united states sec . retrieved 27 june 2014 . a b c d e 2013 annual report 10k . edgar online . retrieved 20 june 2014 . forbes . jabil circuit profile . retrieved 25 june 2012 . tampa bay times . in slower economy more cautious jail circuit still expects third record year . retrieved 25 june 2012 . labouring in obscurity electronics manufacturing . the economist . september 17 1994 . access date requires url help new york times . equity issues this week . retrieved 25 june 2012 . jabil circuit . investor faq 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