Parker Hannifin Corporation is a World leader in the diversified manufacturing of motion and control technologies. The company provides systematic, precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace market. The company was founded by engineer-entrepreneur Arthur L Parker in the year 1918.
The Parker Hannifin Corporation products are of vital importance to virtually everything that moves or requires control, which also includes manufacturing and processing of raw materials, durable goods, infrastructure development and all forms of transport. The company provides the widest range of motion and control components and systems in the World.
The most important product of the Parker Hannifin is an inPHorm. It is a product selection application, which helps the consumers in choosing the correct Parker part for their application. The inPHorm application performs complex calculations and search tables to help the clients to find the correct part for their application. The original inpPHorms are designed for Windows and can be installed on the local network, so that the entire staff of a company can use it. Another important product if the company is the Parker Aerospace products. These products are found virtually on every aircraft and engine built in the key aerospace market.
Parker Appliance Company was founded by Arthur L Parker in 1918. The companys inventory was totally destroyed during the following year by a truck accident. The company went bankrupt there after. Arthur Parker re-started his company in the year 1924. He started a successful pneumatic/hydraulic components business, which served the automotive and industrial consumers. The year 1927, proved to be a landmark year for the company. The reputation of the company to produce reliable, high pressure connections impressed aviator Charles Lindbergh to specify Parker fittings for the Spirit of St. Louis historic 1st Atlantic crossing.
Parker went into defence production in 1943. All its efforts were in that direction, which proved to be fatal, when the World War II ended and its founder Arthur died. The company had no industrial business and it was facing near liquidation. Parker Company was acquired in 1957 by a company called Hannifin. The launch of the new company, Parker Hannifin Corporation, led to introduction of new products like cylinder and valves in the market. The company went on from strength to strength during the following decades.
In the year 1960, Parker Hannifin Corporation formed a new international division to tap the overseas market. In 1964, the shares of the company were traded for the first time on The New York Stock Exchange. The company enters into the production of many new products and it globalizes its business by forming worldwide product groups. Parker has made 58 strategic acquisitions till date. The company has a brand new Headquarters in Mayfield Heights, Ohio; a suburb of Cleveland. The company has its presence in more than 44 countries in the world and has become a leading motion and control company.
Parker
