North American Philips Corporation, a multi-market manufacturing organization with more than 52,000 employees in the U.S. and abroad, had sales of $2.7 billion in 1980, ranking it among the 150 largest industrial companies in the United States. (1980 sales do not reflect those of the TV set and components business acquired from GTE in January 1981.) North American Philips stock is traded prin- cipally on the New York Stock Exchange under the trading Symbol NPH.
North American Philips concentrates its efforts in the fields of consumer products and services; electrical and electronic components; professional equipment and Chemical products. Many North American Philips brand names are among the best known in their respective markets. A partial list includes Norelco electric razors and coffee makers, Magnavox, Sylvania and Philco consumer video and audio products, Genie garage door openers, Baker furniture, Selmer musical instruments, Ohmite resistors, Dialight indicators, Plumbicon TV camera tubes and Philips medical systems and electronic instruments.
Approximately 62% of the common stock of North American Philips Corporation is owned by Hartford National Bank and Trust Company as Trustee of the United States Philips Trust. Shareholders of Philips of The Netherlands are beneficiaries of The United States Philips Trust.
North American Philips places great value on its relationship with N.V. Philips, one of the largest in- dustrial organizations in the world. The Netherlands firm is a supplier to North American Philips of many innovative products, and provides the Corporation with access to a worldwide research and development capability, as well as to advanced manufacturing and process know-how and technology.