Parker Hannifin

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Parker Hannifin Corporation
TypePublic
Traded asNYSEPH
S&P 500 Component
IndustryMotion and control technologies
Founded1918, Cleveland, Ohio, USA
FoundersArthur L. Parker
HeadquartersMayfield Heights, Ohio, United States
Number of locations311 Manufacturing sites
Area servedWorldwide
Key peopleDonald E. Washkewicz (Chairman, CEO & President)
RevenueDecrease US$13.0 billion (FY 2013)[1]
Operating incomeDecrease US$1.37 billion (FY 2013)[1]
Net incomeDecrease US$948.4 million (FY 2013)[1]
Total assetsIncrease US$12.54 billion (FY 2013)[1]
Total equityIncrease US$5.74 billion (FY 2013)[1]
Employees58,151
Websitewww.parker.com
 
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Parker Hannifin Corporation
TypePublic
Traded asNYSEPH
S&P 500 Component
IndustryMotion and control technologies
Founded1918, Cleveland, Ohio, USA
FoundersArthur L. Parker
HeadquartersMayfield Heights, Ohio, United States
Number of locations311 Manufacturing sites
Area servedWorldwide
Key peopleDonald E. Washkewicz (Chairman, CEO & President)
RevenueDecrease US$13.0 billion (FY 2013)[1]
Operating incomeDecrease US$1.37 billion (FY 2013)[1]
Net incomeDecrease US$948.4 million (FY 2013)[1]
Total assetsIncrease US$12.54 billion (FY 2013)[1]
Total equityIncrease US$5.74 billion (FY 2013)[1]
Employees58,151
Websitewww.parker.com

Parker Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio in Greater Cleveland (with a Cleveland mailing address).[2][3] The company was founded in 1918, and has been publicly traded on the NYSE since December 9, 1964. Parker Hannifin is one of the largest companies in the world in motion control technologies including aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding. Parker employs approximately 58,000 people globally.

The company is ranked 211 in the Fortune 500.

Business groups[edit]

Parker is divided into seven operating groups with service to 55 countries in six continents.

History[edit]

Milestones:

Countries of Operation[edit]

EuropeAsiaNorth AmericaSouth AmericaOceaniaAfrica
AustriaChinaCanadaArgentinaAustraliaSouth Africa
BelgiumHong KongMexicoBrazilNew Zealand
Czech RepublicIndiaUnited StatesChile
DenmarkJapan
FinlandPakistan
FranceSingapore
GermanySouth Korea
IrelandTaiwan
ItalyThailand
LuxembourgTurkey
NetherlandsUnited Arab Emirates
Norway
Poland
Portugal
Russia
Spain
Sweden
Switzerland
United Kingdom

Environmental record[edit]

TyreSaver[edit]

In 2006, Parker Hannifin Corporation and Get Nitrogen Institute, a non-profit organization, teamed up to test and promote the use of nitrogen filled rubber tires. By doing this, it has been found that nitrogen-filled tires hold their air pressure for longer periods of time after being inflated.[citation needed] However, inflating a tire with air requires only an ordinary tire pump, available at nearly any gasoline filling station, while nitrogen inflation equipment is less common. Additionally, some drivers incorrectly believe that putting ordinary air into a nitrogen-filled tire is dangerous, and may unnecessarily drive on underinflated tires to reach a location that can fill tires with nitrogen. Therefore, the question of whether tires that have been filled with nitrogen or with air are more likely to be underinflated may be disputed.

Advantages to keeping tires properly inflated (with either air or nitrogen) include increasing the life of the tire itself and decreasing the amount of discarded tires filling up landfills. Furthermore, it was found that having properly inflated tires improves fuel efficiency by 4 percent.[5]

RunWise Advanced Series Hybrid Drive System[edit]

Main article: Runwise

In 2010, Parker Hannifin, in a partnership with Autocar, a leading manufacturer of commercial vehicles and class 8 trucks, delivered hydraulic hybrid-powered refuse vehicles to three South Florida municipalities. The Autocar E3 refuse vehicles feature Parker’s RunWise advanced series hybrid drive system, which dramatically increases fuel savings and lowers emissions while improving drivability and performance. The RunWise Advanced Series Hybrid Drive achieves fuel savings of up to 50% by decoupling the engine from the rear axle recovering energy normally lost during braking. Parker’s RunWise replaces a refuse truck’s conventional drive train with a series hybrid drive – combining the flexibility and responsiveness of hydrostatic operation for low and medium speeds with the unsurpassed efficiency of mechanical operation for highway speeds. Placed on the United States Environmental Protection Agency (EPA) National Clean Diesel Campaign’s Emerging Technologies List in 2011, it is the only drivetrain on the list. These vehicles provide fuel savings, reduced emissions, less brake and engine wear, enhanced drivability, and cleaner and greener communities. Waste collection fleet owners are excited about RunWise and its ability to increase their productivity and profitability all without requiring changes to driver behavior.

Aerospace Group[edit]

Parker Aerospace is a global leader in hydraulic, fuel, flight control, pneumatic, electronics cooling, and fluid conveyance components and systems and related electronic controls for aerospace and other high-technology markets. Its products are used on aircraft manufactured throughout the world today, including commercial transports, military fixed-wing planes, regional and business aircraft, helicopters, missiles, and unmanned aerial vehicles. Based in Irvine, California, Parker Aerospace operates 39 facilities in the Americas, Europe, and Asia. The latest programs include the COMAC C919, Rolls-Royce Trent XWB engine, Bombardier CSeries, Embraer Legacy 500/450, Bombardier widebody aircraft, MRJ, Gulfstream G650, Model 850 Citation Columbus and Airbus A350 XWB.

Greener aircraft and reduced emissions[edit]

Parker Aerospace is a longtime Airbus supplier with special competencies in multifunctional system integration. Parker is partnering with Airbus to develop fuel cell technology as an alternative energy source for on-ground and in-flight electrical power supply. Within this partnership, Airbus will be responsible for the overall aircraft system architecture and technology integration into the aircraft, and Parker will supply the multifunctional fuel cell system and manage different subsystem suppliers. A fuel cell is a device which transforms the energy contained in hydrogen and oxygen into electricity through a direct chemical conversion at a low temperature level without moving parts. The exhaust product is water, and in the case of an air-breathing system, oxygen depleted air. The electricity produced by fuel cells is cleaner and more efficient than combustion engines. In addition, the water and the oxygen depleted air (inert gas) can be used on the airplane to substitute the water and inerting systems.

The objective of the cooperation is the development of a technology demonstrator followed by a joint flight test campaign for the middle of the decade, including operational and infrastructural tests. With Parker Aerospace involved in the project from this earliest phase, industrialisation can be considered throughout the development of the process, rather than at the end. Airbus considers fuel cell technology as a key contributor to meeting the ACARE 2020 goals, which foresee the reduction of CO2 emissions by 50%, NOx emissions by 80% and noise by 50%.

Boeing 737 incidents[edit]

In 1995, it was discovered that failures in a servo unit supplied by Parker Hannifin to Boeing for use in their 737 aircraft may have contributed to several incidents, including that of United Airlines Flight 585 and USAir Flight 427.[6][7]

In 2004, a Los Angeles jury ordered Parker Hannifin to pay US$43M to the plaintiff families of the 1997 SilkAir Flight 185 crash in Indonesia. Parker Hannifin subsequently appealed the verdict, which resulted in an out of court settlement for an undisclosed amount. The Indonesian Transportation Safety Board could not determine the cause of the crash due to the near total lack of physical evidence and complete destruction, [8] this in contrast to the National Transportation Safety Board however, which disagreed and determined that the crash was caused, possibly intentionally, by the pilot.[9][10]

The FAA ordered an upgrade of all Boeing 737 rudder control systems by November 12, 2002. Parker argued that the components they supplied were not at fault, citing that the product has one of the safest records in its class, but the FAA directive went through regardless.[11]

F-35[edit]

On 18 January 2013, the F-35B variant of the Lockheed Martin F-35 Lightning II was grounded after the failure of a fueldraulic line in the aircraft's propulsion system that controls the exhaust vectoring system. This was in response to an incident on 16 January where the propulsion system experienced a fueldraulic failure prior to a conventional takeoff. The precautionary flight suspension is to preserve safety while providing time to understand the origin of the failure of the propulsion fueldraulic line.[12] The failure was found to be a manufacturing defect by Parker Hannifin's Stratoflex division.[13][14]

References[edit]

  1. ^ a b c d e "Parker-Hannifin Corporation (PH)". Yahoo! Finance. 
  2. ^ "CERTIFICATE OF PROPERTY INSURANCE." Parker Hannifin. March 28, 2012. Retrieved on December 25, 2012. "Parker Hannifin Corporation 6035 Parkland Blvd Cleveland OH 44124-4141 USA"
  3. ^ "2010 CENSUS - CENSUS BLOCK MAP: Mayfield Heights city, OH." (Archive) U.S. Census Bureau. Retrieved on December 25, 2012.
  4. ^ Parker Decades History Video, http://video.parker.com/Parker_Videos/Corporate/ParkerHistory/EN/index.html
  5. ^ Mal Gormley. "Will Climate Change Challenge BizAv?". Aviation Week. Retrieved 2008-11-16. 
  6. ^ Robert J. Boser. "What is the status of the solution to the B-737 rudder design defect?". airlinesafety.com. Retrieved 2008-11-18. 
  7. ^ "Pittsburgh disaster adds to 737 doubts". Seattle Times. 1996. Retrieved 2008-11-17. 
  8. ^ Valerie Chew (September 30, 2009). "Crash of SilkAir Flight MI 185". National Library Board. Retrieved May 26, 2012. 
  9. ^ SilkAir 185 - Pilot Suicide? (Documentary). National Geographic. 2007. 
  10. ^ "Remembering the Musi – SilkAir Flight MI 185 Crash Victim Identification". Annals Academy of Medicine 36 (10): 866. 2007. 
  11. ^ "Airworthiness Directives; Boeing Model 737 Series Airplanes". FAA. Retrieved 2008-11-17. 
  12. ^ F-35B grounded after fueldraulic line failure - Flightglobal.com, January 18, 2013
  13. ^ "Engineers discover culprit behind F-35B fueldraulic line failure."
  14. ^ "Stratoflex - Parker."

External links[edit]