Parker Hannifin

Parker-Hannifin Company Description

Parker-Hannifin Corporation of Cleveland, Ohio is a worldwide leader in manufacturing diversified motion and control technologies, including fluid power systems, electromechanical controls and related components. Parker-Hannifin provides precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. The company's products are vital to virtually everything that moves or requires control, including the manufacturing and processing of raw materials, durable goods, infrastructure development and all forms of transport. Parker products are supplied to approximately 470,000 customers in virtually every significant manufacturing, transportation and processing industry. Having been traded on the New York Stock Exchange since 1964, Parker-Hannifin (PH) is strategically diversified, value-driven and well positioned for global growth as the industry consolidator and supplier of choice.

In 1918, 33 year old Arthur L. Parker founded Parker Appliance Company and rented a Cleveland loft to develop his pneumatic braking system for trucks and buses. Today across its 142 divisions Parker Hannifin Corporation employs approximately 58,400 people, 30,940 of which are employed by foreign subsidiaries. Parker’s manufacturing, service, sales, distribution and administrative facilities are located in 39 states within the United States and in 46 other countries. Parker-Hannifin’s technologies and systems are used in the products of its three principal business segments: Industrial, Aerospace, and Climate and Industrial Controls across its eight Motion and Control operating product groups; which include Aerospace, Automation, Climate and Industrial Controls, Filtration, Fluid Connectors, Hydraulics, Instrumentation, and Seal. Parker has developed a culture that emphasizes a commitment to excellence and integrity and a special concern for its customers’ welfare and because of their ethical standards,...