Park Electrochemical Corp. Celebrates 60 Years in Business
Park Electrochemical Corp. (NYSE:PKE) announced that it recently celebrated its 60th Anniversary of being in business. Park was founded by Jerry Shore and Tony Chiesa on March 31, 1954. The Company was started in a 3,000 square foot factory in Woodside, Queens, New York with five employees. The Company's first fiscal year's revenues were $125,000.
Brian Shore, Park's Chairman and CEO, said, "It is fitting that the Company comes from such humble beginnings. We are so very grateful to Jerry and Tony for having the courage and conviction to found our Company 60 years ago."
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace markets. Park's core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company's manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Company also maintains R & D facilities in Arizona, Kansas and Singapore.
Additional corporation information is available on the Company's web site at www.parkelectro.com.
SOURCE: BUSINESS WIRE©2014 Business Wire