Andritz AG history, profile and corporate video Andritz AG is an Austrian company that develops production systems and industrial process solutions for various standard and specialized products. The Company divides i The company's products and services include compressors, expanders and air treatment systems, construction Added by chcom.
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Located on Cleveland's near west side, Parker founded his company to market Parker's newly designed pneumatic brake system for trucks and buses.
When a promotional trip ended with the company's entire inventory crashing down a mountainside in Pennsylvania, the young entrepreneur was forced to close the business. By then, his pneumatic fitting products were found to be ideal in the development of compact, lightweight hydraulic systems that reduced aircraft weight which, given the expanding aviation industry, kept the firm solvent for two decades.
Art and Parker Appliance's reputation for producing reliable hydraulic connectors for the aviation industry became so well known that in the late s, Charles Lindbergh called on Parker to develop a leak-free fuel system for his plane, the Spirit of St.
Louis, in order to complete the first ever transatlantic solo flight. The company also established operations in Los Angeles to better support the rapidly expanding aircraft industry. Following Arthur Parker's death in , a sharp decline in government business brought the firm close to bankruptcy.
Parker Appliance's recovery was attributed to its focus on new product development, entry into new markets, greater manufacturing efficiency, and the acquisition of key fluid power businesses. In , the company acquired Hannifin Corporation of Illinois, a leading manufacturer of hydraulic and pneumatic power cylinders, valves and hydraulic presses.
After the merger, the new company became known as Parker Hannifin Corporation. Britain said on Monday it was closely monitoring U. Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes. Parker-Hannifin Corp PH. Latest Trade Change Volume , Today's Range Pricing Previous Close. Today's High. Today's Low.
Shares Out MIL. Market Cap MIL. Latest Developments More. About Parker-Hannifin Corp Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. Industry Misc.
Executive Leadership Thomas L.
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