Parker Hannifin
Encyclopedia
Parker Hannifin Corporation , originally Parker Appliance Company, usually referred to as just Parker, of Mayfield Heights, Ohio
(with a Cleveland mailing address), is the global leader in motion and control technologies. 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 248 in the Fortune 500
.
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 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.
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.
The latest programs include the COMAC C919, Rolls-Royce Trent XWB engine, Bombardier CSeries, Bombardier widebody aircraft, MRJ, Gulfstream G650, Model 850 Citation Columbus and Airbus A350 XWB.
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%.
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, even though the NTSB and the Indonesian Transportation Safety Board determined the crash was caused, possibly intentionally, by the pilot.
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.
Mayfield Heights, Ohio
-External links:*...
(with a Cleveland mailing address), is the global leader in motion and control technologies. 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 248 in the Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
.
Business groups
Parker is divided into eight operating groups that consist of 142 divisions located in 47 countries.- Aerospace
- Automation
- Climate & Industrial Controls
- Filtration
- Fluid Connectors
- Hydraulics
- Instrumentation
- Seal
History
Milestones:- 1918: Parker Appliance Company is founded by Arthur L Parker.
- 1919: On a promotional trip to Boston, the truck and trailer carrying the companies entire inventory blows a tire, destroying all of its inventory. Parker Appliance Company became bankrupt, and its founder returned to an engineering post at a Nickel Plate Road plant, but vowed to start again.
- 1924: Arthur Parker saves and restarts the Parker Appliance Company and the pneumatic/hydraulic components division succeeded by serving automotive and aviation customers.[4]
- 1927: Parker's reputation for producing reliable, high pressure connections leads aviator Charles Lindbergh to specify Parker fittings for the Spirit of St. Louis' historic first Atlantic crossing.
- 1935: In the midst of the Depression, optimistic Arthur Parker buys a 500,000-square-foot (42,000 m2) Cleveland auto plant from Hupp Motor Car Company to house his 38-employee Company.
- 1939: Parker Appliance sales reached $3 million.
- 1943: Parker employs 5,000 Clevelanders, all in defense production.
- 1945: Company founder Arthur Parker dies; World War II's end halts defense contracts. With no industrial business, the Company faces near liquidation. Founder's wife, Helen Parker, refuses to give up; hires new management which gradually rebuilds industrial business.
- 1953: Parker makes its first acquisition, the Synthetic Rubber Products Company in Los Angeles, California, USA.
- 1957: Acquisition era is underway. With the acquisition of Hannifin Corporation come new cylinder and valve products and a new corporate name: Parker Hannifin Corporation.
- 1960: New International Division formed to market Parker products abroad.
- 1964: Shares of Parker Hannifin stock (NYSE: PH) are traded on the New York Stock Exchange for the first time.
- 1966: Parker Hannifin enters Fortune 500 listing of top companies.
- 1969: Parker has operations in 10 countries in Europe and Latin America. Pat Parker, the founder’s son, is elected President of Parker and Parker products land on the moon with American astronaut Neil Armstrong.
- 1976: Parker introduces a new company logo.
- 1977: Parker sales reached $500 million.
- 1978: Parker strengthens its position in aerospace market with the acquisition of the Bertea Corporation which lays the foundation for future leadership in flight controls, hydraulics, and fuel management systems.
- 1981: Parker sales reached $1.1 billion.
- 1983: Parker forms joint venture in China.
- 1988: Marking its 70th anniversary, Parker makes seven acquisitions and exceeds $2 billion in sales.
- 1992: Parker globalizes its business by forming worldwide product groups.
- 1997: Parker moves to brand new World Headquarters building in Mayfield Heights, Ohio; a suburb of Cleveland.
- 1998: The first retail store, ParkerStore, opens with the objective to reach the aftermarket and gain a greater customer share.
- 2000: Parker sales reached $5.4 billion. The company merged with Commercial Intertech, its largest deal at the time and completed four other acquisitions.
- 2001: Parker introduced the Win Strategy with the single goal to raise the performance of the company to a higher level. In Europe Parker acquired several large companies in the fluid power business from 1997 and forward, such as Commercial Hydraulics and VOAC Hydraulics.[2][3]
- 2005: Pat Parker passed away. Parker sales reached $8.2 billion, the Company acquired six companies, and was awarded the hydraulic subsystem for the new Boeing 787 Dreamliner passenger jet.
- 2006: Parker had made 210 strategic acquisitions since the Company's founding.
- 2007: Parker opened its 1,000 ParkerStore.
- 2011: Parker sales reached record sales of $12.3 billion.
TyreSaver
In 2006 Parker Hannifin Corporation and Get Nitrogen Institute, a non-profit organization, teamed up to test and promote the use of nitrogen
Nitrogen
Nitrogen is a chemical element that has the symbol N, atomic number of 7 and atomic mass 14.00674 u. Elemental nitrogen is a colorless, odorless, tasteless, and mostly inert diatomic gas at standard conditions, constituting 78.08% by volume of Earth's atmosphere...
filled rubber tires. By doing this, it has been found that nitrogen-filled tires hold their air pressure for longer periods of time 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.
RunWise Advanced Series Hybrid Drive System
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
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, Bombardier widebody aircraft, MRJ, Gulfstream G650, Model 850 Citation Columbus and Airbus A350 XWB.
Greener Aircrafts and Reduced Emissions
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
It was discovered in 1995 that failures in a servo unit supplied by Parker Hannifin to Boeing for use in their 737 aircraft may have contributed to several incidents.In 2004, a Los Angeles jury ordered Parker Hannifin to pay US$43M to the plaintiff families of the 1997 SilkAir Flight 185
SilkAir Flight 185
SilkAir Flight 185, a Boeing 737-36N, registration 9V-TRF, was a scheduled passenger flight from Jakarta, Indonesia to Singapore, which crashed on 19 December 1997 into the Musi River after abruptly plunging from its 35,000-foot cruise altitude, killing all 97 passengers and 7 crew on board.The...
crash in Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
. Parker Hannifin subsequently appealed the verdict, which resulted in an out of court settlement for an undisclosed amount, even though the NTSB and the Indonesian Transportation Safety Board determined the crash was caused, possibly intentionally, by the pilot.
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.