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Hutchinson Technology history
Hutchinson Technology company history timeline
1965: Jon Geiss and Jeffrey Green found Hutchinson Industrial Corporation, working out of a chicken coop in Hutchinson, Minnesota; company spends first several years as a custom component maker.
In 1972 the company began construction on a new building, eventually converting the chicken coop into a maintenance and equipment fabrication shop.
By 1975 Hutchinson employed 70 people and achieved revenues of $2.3 million.
Also in 1982, the business was renamed Hutchinson Technology Incorporated (HTI).
The addition of complex assembly manufacturing in 1985 helped boost net sales another 68 percent, to $52.7 million.
In February 1989 the company announced that it was holding acquisition talks with a Japanese company, Minebea Co.
The company ended fiscal 1990 with record profits of $5.3 million on sales of $122 million.
1996: Fortun is promoted to CEO, with Green staying on as chairman.
1999: Rapid adoption of trace suspension assemblies (TSAs) leads to record revenues of $580.3 million for the fiscal year; falling demand toward the end of the calendar year sets off a major restructuring that will involve the elimination of thousands of jobs from the workforce.
A series of six large staff reductions reduced the workforce from 7,701 to 4,729 employees during 2000.
TDK logo is a trademark or registered trademark of TDK Corporation. © 2017 HUTCHINSON TECHNOLOGY.
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Hutchinson Technology competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| IM Flash Technologies | 2006 | $200.0M | 1,500 | - |
| NCR | 1884 | $2.8B | 36,000 | 67 |
| Dover | 1955 | $7.7B | 23,000 | 430 |
| LogMeIn | 2003 | $1.3B | 3,974 | - |
| U.S. Cellular | 1983 | $4.2B | 5,000 | - |
| Staples | 1986 | $18.2B | 75,000 | 1,762 |
| TI Group Automotive Systems, L.L.C. | 1985 | $110.0M | 499 | - |
| TCR Composites | 1996 | $20.0M | 65 | - |
| Tyco Electronics Corporation | 1989 | $8.4M | 25 | - |
| 3M Purification Inc | 1912 | $680.0M | 2,200 | - |
Hutchinson Technology history FAQs
Zippia gives an in-depth look into the details of Hutchinson Technology, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hutchinson Technology. The employee data is based on information from people who have self-reported their past or current employments at Hutchinson Technology. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hutchinson Technology. The data presented on this page does not represent the view of Hutchinson Technology and its employees or that of Zippia.
Hutchinson Technology may also be known as or be related to HUTCHINSON TECHNOLOGY INC, Hutchinson Technology, Hutchinson Technology Inc, Hutchinson Technology Inc. and Hutchinson Technology Incorporated.