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| Parker Hannifin to present at Baird Industrial Conference |
29 January 2006 - Parker Instrumentation
Parker Hannifin Corporation announced that it had accepted an invitation to present at the Baird Industrial Conference in Chicago, IL, on Wednesday, November 9. |
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| Parker Hannifin Declares Quarterly Cash Dividend |
26 January 2006 - Parker Instrumentation
The Board of Directors of Parker Hannifin Corporation today declared a regular quarterly cash dividend of $0.23 per share of common stock, payable March 3, 2006, to shareholders of record as of February 16, 2006. |
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| Parker Hannifin acquires Kenmore International |
26 January 2006 - Parker Instrumentation
Parker Hannifin today announced that it is acquiring Kenmore International, a leading manufacturer and distributor of components for global refrigeration and air conditioning markets, from Lai Berg Holding, AS of Norway. The acquisition is expected to close in the coming weeks once final regulatory approval is received. |
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| Parker Hannifin proceeding to acquire domnick hunter |
24 January 2006 - Parker Instrumentation
Parker Hannifin Corporation today announced that it has acquired or received committed shares representing 88 percent of the 35,865,308 outstanding shares of domnick hunter. As a result, all the conditions of Parker Hannifin's offer have now been satisfied or waived, and the company is proceeding on an unconditional basis to acquire the remaining shares. Parker Hannifin's acquisition of domnick hunter is expected to be finalized in the coming weeks once all remaining shares of domnick hunter are acquired. |
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| TTxe business supplying aftermarket transmission components for Parker |
21 January 2006 - Parker Instrumentation
Parker Hannifin today announced that it has purchased the business of TTxe of Fremont, Ohio comprising hard parts for the automotive transmission aftermarket including Roadmaster products. Terms of the sale were not disclosed. TTxe had sales of $4.9 million in 2004. |
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| Parker Hannifin recognized for innovative technology practices by national magazines |
20 January 2006 - Parker Instrumentation
Parker Hannifin, the Cleveland-based global leader in motion and control systems and technologies, has earned recognition as one of the United States' top technology innovators by two influential business publications. |
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| Election of Joseph M. Scaminace to its Board of Directors |
20 January 2006 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) announced the election of Joseph M. Scaminace to its Board of Directors, in the class whose term continues through 2005. |
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| Parker Hannifin strengthens instrumentation offering with acquisition of Porter Instrument Company |
20 January 2006 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced that it has acquired Porter Instrument Company, Inc., a global leader in analytical, industrial, medical and dental instrumentation. Parker purchased Porter Instrument for an undisclosed amount. Porter's annual revenue for the year ended 2004 was approximately $35 million. The acquisition is expected to be accretive in its first full year of integration. |
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| Record sales from continuing operations and cash flow from operations |
18 January 2006 - Parker Instrumentation
Parker Hannifin Corporation today reported second quarter records in sales, income from continuing operations, and cash flow from operations. For the second quarter of fiscal-year 2006, sales were $2.2 billion, up 13 percent, as compared to sales of $1.9 billion from the same period last year. |
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| Parker Hannifin earnings report and webcast set for January 18 |
09 January 2006 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) will release second quarter fiscal year 2006 earnings before the market opens on Wednesday, January 18, 2006, followed by its quarterly conference call at 10:00 a.m., Eastern Time. |
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| Monthly orders up across all segments |
03 January 2006 - Parker Instrumentation
Orders for the North American Industrial businesses increased 7 percent over the same month last year. Orders in this segment remain strong, particularly in construction, heavy-duty truck, and oil & gas markets. |
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| Parker Hannifin reports monthly orders up across all segments |
05 December 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of November in the company's Industrial, Aerospace, and Climate and Industrial Control segments. Parker derives orders from a wide variety of global end markets which the company serves directly and through a collaborative network of thousands of distributor locations. |
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| World First for France Telecom, Viaccess and Sagem Communication |
24 November 2005 - Parker Instrumentation
France Telecom commercially deploys the leading-edge set-top boxes from Sagem, powered by a single-chip MPEG4 single chip decoder, with embedded Viaccess Conditional Access, for its 'MaLigne TV' Television over IP offer. |
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| Parker Hannifin completes acquisition of filtration leader domnick hunter |
23 November 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it will complete its purchase of UK-based domnick hunter group plc by acquiring all of the company's remaining outstanding non-tendered shares. Parker anticipates that domnick hunter will cease to be traded on the London Stock Exchange in December 2005. |
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| Parker completes the pricing of successful eurobond offering |
07 November 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has completed the pricing for a total of EUR 400 million Eurobonds. EUR 200 million Eurobonds will reach maturity in 5 years, on November 11, 2010, and carry a 3.5 percent fixed rate. The remaining EUR 200 million Eurobonds will reach maturity in 10 years, on November 11, 2015, and carry a 4.125 percent fixed rate. |
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| Parker Hannifin to present at Baird Industrial Conference |
03 November 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) announced that it had accepted an invitation to present at the Baird Industrial Conference in Chicago, IL, on Wednesday, November 9. |
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| Parker reports monthly orders up across all segments |
03 November 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of October in the company's industrial, aerospace and Climate and Industrial Control segments. |
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| Parker Hannifin buys TTxe Business Supplying Aftermarket Transmission Components |
01 November 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced that it has purchased the business of TTxe of Fremont, Ohio comprising hard parts for the automotive transmission aftermarket including Roadmaster products. Terms of the sale were not disclosed. TTxe had sales of $4.9 million in 2004. |
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| Parker Hannifin announces upcoming webcasts |
26 October 2005 - Parker Instrumentation
Parker's Annual Meeting of Shareholders will be held at its corporate headquarters in Cleveland, Ohio, on Wednesday, October 26 at 9:00 a.m. EDT. Chairman and Chief Executive Officer Don Washkewicz will be presenting an overview of the company's 2005 fiscal year. The presentation will be simultaneously webcast and may be accessed on the company's investor information site at http://www.phstock.com . The presentation will be archived on the site for two weeks. |
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| Parker Hannifin acquires Kenmore International |
26 October 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced that it is acquiring Kenmore International, a leading manufacturer and distributor of components for global refrigeration and air conditioning markets, from Lai Berg Holding, AS of Norway. |
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| Parker Hannifin ;roceeding to acquire remaining shares of domnick hunter |
24 October 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has acquired or received committed shares representing 88 percent of the 35,865,308 outstanding shares of domnick hunter. As a result, all the conditions of Parker Hannifin's offer have now been satisfied or waived, and the company is proceeding on an unconditional basis to acquire the remaining shares. |
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| Parker Hannifin recognized for innovative technology practices by two national magazines |
20 October 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH), the Cleveland-based global leader in motion and control systems and technologies, has earned recognition as one of the United States' top technology innovators by two influential business publications. |
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| Parker Hannifin reports sales, earnings and cash flow from operations |
18 October 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported new first quarter records in sales, earnings and cash flow from operations. For the first quarter of fiscal-year 2006, sales were $2.11 billion, up 13 percent, as compared to sales of $1.88 billion from the same period last year. Cash flow from operations reached a first quarter record $217.0 million, or 10.3 percent of sales, surpassing $157.1 million in the same period last year, or 8.4 percent of sales. |
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| Distribution agreement with Aviation Power and Marine signed |
18 October 2005 - Parker Instrumentation
Parker Hannifin Customer Support Inc. announced the signing of a distribution agreement with Aviation Power and Marin of Boynton Beach, Fla. |
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| The divestiture of its Astron Buildings business to Lindab is complete |
16 October 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has completed the divestiture of its Astron Buildings business to Lindab, a leading manufacturer of building materials located in Stockholm, Sweden. Terms of the deal were not disclosed. The divested business has annual revenues of approximately $138 million. |
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| Acquisition of the Herl Company |
15 October 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced it has acquired the Herl Company, a privately held manufacturer of industrial refrigeration valves and controls. Herl will become part of Parker's Climate & Industrial Controls Group, which provides refrigeration and air conditioning components, controls and systems. Terms of the deal were not disclosed. |
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| Parker Hannifin, acquisition of UK-based Sterling Hydraulics |
14 October 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced that it has acquired Sterling Hydraulics for an undisclosed amount of cash from Sterling Industries, Plc, a wholly owned subsidiary of Caledonia Investments Plc. Headquartered in Crewkerne, England, Sterling is a leader in the design and custom manufacture of products for mobile applications. |
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| Parker Reports Monthly Orders Up Across All Segments |
05 October 2005 - Parker Instrumentation
Orders for the North American Industrial businesses increased 8 percent over the same month last year. Orders in this segment remain strong, particularly in construction, despite tough year-over-year comparisons. The company continues to note strong demand in heavy-duty truck, construction, and oil & gas markets.
Rest-of-World Industrial orders increased 4 percent, mainly in Europe and Asia, over the same month last year. |
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| Parker Hannifin Increases Cash Offer to Acquire domnick hunter |
21 September 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has increased its cash offer for all outstanding shares of domnick hunter from its previous offer made on September 16, 2005. The offer is subject to the necessary level of domnick hunter shareholder acceptance. |
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| Cash Offer for domnick hunter increased |
16 September 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has increased its cash offer for all outstanding shares of domnick hunter from its previous offer made on August 24, 2005. The offer is subject to the necessary level of domnick hunter shareholder acceptance. |
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| Parker Hannifin Acquires Supplier of Aftermarket Transmission Components and Kits |
07 September 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced that it has acquired Filtran Aftermarket Products, Inc. of Miami Lakes, Florida, a supplier of aftermarket components used in the rebuilding of automotive transmissions, from SPX Corporation (NYSE: SPW) for an undisclosed sum. FAP had revenues of $33 million in 2004. The acquisition will be integrated as part of Parker's Seal Group and is expected to be accretive to earnings within its first full year of operation. |
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| Parker Reports Monthly Orders Up Across All Segments |
06 September 2005 - Parker Instrumentation
Orders for the North American Industrial businesses increased seven percent over the same month last year. Orders in this segment remain strong, particularly in construction, despite tough year-over-year comparisons. The company continues to note strong demand in heavy-duty truck, construction, farm and agriculture, and oil & gas markets. |
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| Parker Hannifin To Present at the Gabelli & Company Aircraft Conference |
02 September 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) announced that Bob Barker, President, Parker Aerospace Group, will present at Gabelli & Company's 11th Annual Aircraft Supplier Conference at 10:50 a.m. (Eastern time) on Thursday, September 8, 2005, at The New York Helmsley Hotel. The presentation will be simultaneously web cast and may be accessed on the company's investor information site at www.phstock.com. The presentation will be archived on Parker's investor web site for two weeks. |
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| Parker Hannifin Completes Divestiture of Astron Business |
31 August 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has completed the divestiture of its Astron Buildings business to Lindab, a leading manufacturer of building materials located in Stockholm, Sweden. Terms of the deal were not disclosed. The divested business has annual revenues of approximately $138 million. |
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| Parker Hannifin Increases Cash Offer for domnick hunter |
24 August 2005 - Parker Instrumentation
Hannifin Corporation (NYSE: PH) today announced that it has increased its cash offer for all outstanding shares of domnick hunter from its previous offer made on August 2, 2005. The offer is subject to certain regulatory approvals in the U.S. and Europe, and the necessary level of domnick hunter shareholder acceptance. |
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| Combination Strengthens Parker's Global Position In Industrial Electromechanical Technology |
09 August 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) and SSD Drives Holding Limited today jointly announced that Parker has acquired SSD (formerly Eurotherm Drives) from the private equity firm Compass Partners International Limited for an undisclosed amount. SSD Drives had fiscal 2005 annual revenues of $165 million, with approximately 60 percent of its business in Europe. The acquisition is expected to be accretive to earnings within the first full year of integration. |
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| Parker Expands Refrigeration Technology and European Offering with Herl Acquisition |
08 August 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced it has acquired the M.G. Herl Armaturenfabrik GmbH + Co. KG, a privately held manufacturer of industrial refrigeration valves and controls. Herl will become part of Parker's Climate & Industrial Controls Group, which provides refrigeration and air conditioning components, controls and systems. Terms of the deal were not disclosed. |
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| Parker Hannifin Corporation reported orders for July in company's industrial & aerospace segments |
03 August 2005 - Parker Instrumentation
Orders for the North American Industrial businesses increased 10 percent over the same month last year. Orders in this segment remain strong despite tough year-over-year comparisons. The company continues to note strong demand in heavy-duty truck, construction, farm and agriculture, and oil & gas markets. |
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| Parker Hannifin Acquisition to Expand Filtration and Separation Business |
02 August 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) and the domnick hunter group plc. today jointly announced that Parker has agreed to a cash offer for all outstanding shares of domnick hunter. The offer is subject to certain regulatory approvals in the U.S. and Europe, and the necessary level of domnick hunter shareholder acceptance. The directors of domnick hunter are unanimously recommending that all domnick hunter shareholders accept the offer, which is also supported by domnick hunter senior management. The transaction is expected to close in the Fall of 2005. |
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| Patrick S. Parker, Global Industrial Leader, Passes Away
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07 July 2005 - Parker Instrumentation
Patrick Streeter Parker, Chairman Emeritus for Parker Hannifin Corporation (NYSE: PH), died peacefully from cancer on Wednesday, July 6, 2005, surrounded by his family in his Cleveland Heights, Ohio home. He was 75. Under Pat Parker's direction, Parker Hannifin, which was founded by his father in 1918, grew substantially in size, global reach and product breadth: From the '60s through the '90s, he guided the company's expansion into a wide array of hydraulic, pneumatic and electromechanical products solidifying its position as the global leader in motion and control technologies. Now an $8 billion enterprise, the firm had annual sales of $197 million in 1968 when Parker was named president. |
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| Parker Hannifin Acquires Korean-based Valve Maker Hanil Hydraulics |
27 June 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has acquired Hanil Hydraulics Company, Ltd., a Korean-based maker of hydraulic valves used in construction equipment applications. Terms of the deal were not disclosed. The acquisition is expected to be accretive to earnings within the first full year of integration. |
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| Parker Hannifin elects Nickolas W. Vande Steeg to Board of Directors |
13 June 2005 - Parker Instrumentation
The Board of Directors of Parker Hannifin Corporation today announced the election of Nickolas W. Vande Steeg, age 61, as a member. Vande Steeg is Parker's Executive Vice President and Chief Operating Officer, responsible for all of the company's industrial groups, and has been in this role since October 1, 2003. |
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| The universal signal conditioner from Omniflex |
30 May 2005 - Parker Instrumentation
Omniflex introduce the universal signal conditioner, after years of experience in the signal conditioning market, combining as many different signal conditioners in a signal unit as possible. 'Down Time' is a major reason for loss of revenue on a plant, so to ensure minimal down time, the spares holding goes up. |
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| Parker Hannifin Acquires Assets of Netherlands-based Distributor |
24 May 2005 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has acquired the hydraulic distribution and service assets of mobile hydraulics distributor Kuiken Hytrans BV, a subsidiary of Kuiken NV, located in Lemmer, The Netherlands. Terms of the deal were not disclosed. The acquisition is expected to be accretive to earnings in calendar year 2005. |
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| Parker Acquires Advanced Products Company |
20 May 2005 - Parker Instrumentation
Parker Hannifin (NYSE: PH) today announced it has acquired Advanced Products Company, a privately held manufacturer of metallic and polymer spring energized seals, in a cash for stock transaction. Terms of the deal were not disclosed. Advanced Products will be integrated with Parker's Seal Group, which provides sealing materials to a broad range of motion and control markets worldwide. |
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| Parker Signs Distribution Agreement with Aviation Power & Marine |
05 May 2005 - Parker Instrumentation
Parker Hannifin Customer Support Inc. announced the signing of a distribution agreement with Aviation Power and Marineof Boynton Beach, Fla.
Under the agreement, AP&M will act as a North American distributor for Parker Aerospace's turbine engine products used on General Electric LM-series aeroderivative engines as well as solar and TP&M FT4 engine product applications. |
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| Parker Aerospace Completes Acquisition of Mechatronic Systems, LLC Assets |
03 May 2005 - Parker Instrumentation
Mechatronic Systems, LLC, which has four employees and is located in Huntington Beach, California, specializes in the development of high-temperature electronic control and power drive and high-temperature electric machines. The technologies will be added to Parker's Control Systems Division, headquartered in Irvine, California, and will be integrated throughout the broad Parker Aerospace product line. |
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| New Hig Performance Non-Return Valves Launched |
28 April 2005 - Parker Instrumentation
Parker Instrumentation has launched a new series of high performance non-return valves optimised for cost-sensitive fluid instrumentation applications. The new Hi-Check valves employ a high integrity two-piece body with minimal leakage paths, and will accommodate pressures up to 10,000 PSI / 689 bar. |
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| Tube Fittings by Parker Instrumentation for offshore Platforms Required for Dolphin Gas Project |
08 April 2005 - Parker Instrumentation
Parker Instrumentation's A-LOK tube fittings have been specified for the offshore platforms and onshore gas processing plant required for the Dolphin Gas Project. The Dolphin Gas Project will supply gas from Qatar's North Field to the United Arab Emirates from 2006. |
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| Successful Pro-Bloc One-Piece Double-Block-and-Bleed Manifold is Launched |
23 March 2005 - Parker Instrumentation
Parker Instrumentation has launched a 25mm version of its successful Pro-Bloc one-piece double-block-and-bleed manifold. The current smaller bore versions of this product family are used extensively within the process industry, primarily for connecting remote monitoring instrumentation to process lines and pipework. The new 25mm full-bore design significantly extends the application diversity, by providing a high flow rate capability unit that can form part of the processing system itself. Typical application areas include offshore oil and gas platforms, refineries, and chemical and petrochemical plants. |
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| Novel Instrumentation Manifold for BP's Grangemouth Oil & Gas Complex Developed by Parker Instrumentation |
09 March 2005 - Parker Instrumentation
Parker Instrumentation has developed a novel instrumentation manifold for BP's Grangemouth oil and gas complex. The new design allows pressure transmitters to be connected directly to process pipelines without the conventional taper threaded connection - providing a very high-integrity seal that requires no thread sealants. |
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| Novel manifold provides BP Grangemouth with 'threadless' connection for field pressure transmitters |
09 March 2005 - Parker Instrumentation
Parker Instrumentation has developed a novel instrumentation manifold for BP's Grangemouth oil and gas complex. The new design allows pressure transmitters to be connected directly to process pipelines without the conventional taper threaded connection - providing a very high-integrity seal that requires no thread sealants. |
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| BP Standardising on Parker Instrumentation's A-LOK Tube Fittings |
21 February 2005 - Parker Instrumentation
BP is standardising on Parker Instrumentation's A-LOK tube fittings for the construction of the Greater Plutonio Floating, Production, Storage and Offloading vessel that will be used in the Block 18 Angola oil field. The twin-ferrule fittings will be fabricated in 316-grade stainless steel, as well as exotic alloys including 6Mo and Incoloy 625 to combat corrosion. |
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| Range of Rugged Enclosures for Field-Mounted Process Instruments is Launched |
28 January 2005 - Parker Instrumentation
Parker Instrumentation has launched a range of rugged enclosures for field-mounted process instruments. Three sizes of enclosures are available for housing one, two or three process instruments. These shelters are supported by an assembly service that will provide them ready for field use, with manifold and tubing connections for pressure, flow, temperature or other common process variable instruments, and any accessories required. Together, the enclosures and support service provides users with a means of simplifying instrumentation projects. |
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| Parker Hannifin Webcast set for January |
09 January 2005 - Parker Instrumentation
Parker Hannifin Corporation will release second quarter fiscal year 2006 earnings before the market opens on Wednesday, January 18, 2006, followed by its quarterly conference call at 10:00 a.m., Eastern Time. During the call, the company will discuss second quarter financial performance, and respond to questions from institutional investors and security analysts. |
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| Monthly orders up across all segments |
05 January 2005 - Parker Instrumentation
Parker Hannifin Corporation today reported orders for the month of December in the company's Industrial, Aerospace, and Climate and Industrial Control segments. Parker derives orders from a wide variety of global end markets which the company serves directly and through a collaborative network of thousands of distributor locations. |
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| Parker Instrumentation Launches Range of Stainless Steel Sampling Cylinders |
09 December 2004 - Parker Instrumentation
Parker Instrumentation has launched a range of stainless steel sampling cylinders, conforming to the Transportable Pressure Equipment Directive. The new TPED Series Cylinders are 'hot spun' from 316 stainless steel tubing, providing a seamless finish for maximum integrity and corrosion resistance. This weld-free process provides a smooth internal flow path through the neck, minimising the pockets that can trap sample material - for easy cleaning after use. |
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| High-Performance Hi Pro Instrumentation Ball Valve Family Added by Parker Instrumentation |
15 November 2004 - Parker Instrumentation
Parker Instrumentation is adding a 25mm version to its high-performance Hi Pro instrumentation ball valve family. Featuring a novel two-piece construction that reduces potential leak paths to a minimum, and a design optimized for reliability, the new valve is ideal for long-lifecycle applications in offshore environments. |
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| Preem Refinery Lysekil Installs its First Surface-Mounting Flow Control Substrate in Process Analyzer Station |
08 November 2004 - Parker Instrumentation
The Preem Refinery Lysekil in Sweden (previously known as Scanraff) has installed its first surface-mounting flow control substrate in a process analyzer station. The modular fittings - from Parker Instrumentation's Intraflow range - allowed Preem Refinery to rapidly install a new flow control system for dewpoint analysis. This field-mounted analyzer station monitors the moisture content of propylene gas in the refinery's jetty area, before it is loaded onto tankers for export. |
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| Parker completes the pricing of successful Eurobond Offering |
07 November 2004 - Parker Instrumentation
Parker Hannifin Corporation today announced it has completed the pricing for a total of EUR 400 million Eurobonds. EUR 200 million Eurobonds will reach maturity in 5 years, on November 11, 2010, and carry a 3.5 percent fixed rate. The remaining EUR 200 million Eurobonds will reach maturity in 10 years, on November 11, 2015, and carry a 4.125 percent fixed rate. |
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| Parker Instrumentation Launch Large Range of High-Pressure Hand Valves |
28 October 2004 - Parker Instrumentation
Parker Instrumentation has launched a large range of high-pressure hand valves that feature the company's innovative MPI(tm) end connections. Instead of offering traditional 'cone and thread' connections to tubing, the new valves - which include many options for operation at up to 15,000 PSI/1034 bar - come with familiar compression tube fitting ends. |
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| Ground-Breaking Medium Pressure Tube Fitting Technology |
26 July 2004 - Parker Instrumentation
A new video from Parker Instrumentation graphically illustrates the enormous labour savings made possible by ground-breaking medium pressure tube fitting technology. |
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| Parker Instrumentation Extends Service to Include Stocks for Immediate Delivery |
14 July 2004 - Parker Instrumentation
Parker Instrumentation's Nigerian distributor Bell Oil & Gas Ltd is extending its service to include stocks for immediate delivery. A range of commonly-required instrumentation compression tube fittings and valves will now be held at the company's Port Harcourt operations centre to support engineering projects, and maintenance requirements. |
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| Rapid-Assembly, Compression Tube Fittings Shown by Parker Instrumentation at Iran Oil Show |
06 July 2004 - Parker Instrumentation
At the Iran Oil Show, Parker Instrumentation is showing its breakthrough family of rapid-assembly, compression tube fittings for pressures up to 15,000PSI. New half-inch sizes provide an ideal solution for handling the high tensile, duplex and super-duplex tubing often favoured for running down high pressure, deepwater wells.
MPI tube fittings are based on the familiar, industry-standard compression assembly technique. |
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| R110 Approval Provides Single-Source Fuel Delivery Solution to CNG Vehicle Builders |
01 July 2004 - Parker Instrumentation
Parker Instrumentation has secured ECE R110 approval for its range of ball valves, check valves and filters. In conjunction with Parker's existing R110-approved tube fittings, compressed natural gas vehicle builders can now obtain all the components for fuel filling and routing from a single source - reducing procurement time and costs. |
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| Breakthrough Family of Rapid-Assembly 1034bar (15,000PSI) Compression Tube Fittings |
01 July 2004 - Parker Instrumentation
Time-consuming cone-and-thread preparation can be a thing of the past for fluid instrumentation users now that Parker Instrumentation has completed its breakthrough family of rapid-assembly 1034bar (15,000PSI) compression tube fittings. With the release of 15 new component shapes, Parker Instrumentation now offers flow arrangements providing an efficient single-piece solution for virtually every common connection requirement. |
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| Major Innovations for Offshore Applications will be Shown by Parker Instrumentation at Offshore Northern Sea 2004 |
15 June 2004 - Parker Instrumentation
At Offshore Northern Seas 2004 , Parker Instrumentation will show major innovations for offshore applications, which dramatically reduce the size and weight of pressure and flow instrument installations, and simplify deepwater applications. |
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| At Caspian Oil & Gas Parker Instrumentation Shows Rapid-Assembly, Compression Tube Fittings |
01 June 2004 - Parker Instrumentation
At Caspian Oil and Gas , Parker Instrumentation is showing its breakthrough family of rapid-assembly, compression tube fittings for pressures up to 15,000PSI. New half-inch sizes provide an ideal solution for handling the high tensile, duplex and super-duplex tubing often favoured for running down high pressure, deepwater wells. |
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| Fluid Instrumentation Tube Fittings to be Supplied by Parker Instrumentation |
14 May 2004 - Parker Instrumentation
Parker Instrumentation has been selected as the preferred supplier of fluid instrumentation tube fittings and valves by Borealis Group's polyolefin plastics manufacturing plants in Beringen and Kallo, Belgium. |
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| BHP Billiton Petroleum's Angostura Offshore Platforms Saves Weight & Space With Manifold Developed by Parker |
04 May 2004 - Parker Instrumentation
A novel new type of manifold developed by Parker Instrumentation is helping to save a large amount of weight and space on BHP Billiton Petroleum's Angostura offshore platforms. |
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| Parker Instrumentation Launches Ball-cage Check Valves Higher Temperature Applications |
05 April 2004 - Parker Instrumentation
Today, Parker Instrumentation launches a series of ball-cage check valves optimised for higher temperature applications requiring long service lifetimes. The new CB Series check valve provides a simple means of adding protection in any system where back flow or pressure might cause a problem or damage. Integrity is assured by special features including a ball with a micro-finished surface for accurate resealing, a hardened cage using Parker's proprietary SuparCase treatment, and a range of seals including a material that is compatible with fuel oils and amines, and which resists coking. |
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| Components for Refurbishment of Basra Refinery in Southern Iraq Supplied by Parker Instrumentation |
09 January 2004 - Parker Instrumentation
Parker Instrumentation has been selected to supply components for the refurbishment of the Basra refinery in southern Iraq. The company expects to supply valves and compression tube fittings worth over a quarter of a million dollars / €200,000 during the first quarter of 2004. |
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| Parker Wins Instrumentation Sub-Systems Contract for Ground-Breaking Snøhvit LNG Project |
31 December 2003 - Parker Instrumentation
1000 instrumentation enclosures will be used at the onshore LNG processing plant
Parker Instrumentation has been awarded the contract to supply all the instrumentation components and sub-systems to the Snøhvit development, the world's northernmost liquefied natural gas project. In total, some 1000 weatherproof instrumentation enclosures will be provided, complete with Parker manifolds, valves and tube fittings - and fitted with the process transmitters specified by the project contractor. Instrument systems are already being supplied to equipment builders, bulk deliveries to the onshore gas processing site being built at Melkøya will commence in September 2003. |
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| Novel Two-Piece Ball Valve Reduces Potential Leak Paths to a Minimum |
31 December 2003 - Parker Instrumentation
Parker Instrumentation today launches a ball valve range designed for high pressure operation at up to 10,000 PSIG/689 BarG. Utilizing a novel two-piece construction, the new Hi Pro valve reduces potential leak paths to a minimum. With the added ability to select integral compression tube fitting ends - avoiding the use of taper threads, the valve offers exceptional integrity to meet the most demanding requirements of oil, gas and chemical process control applications. |
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| EnCana (UK) Limited Selects Parker Instrumentation to Supply Exotic-Material Tube Fittings |
09 December 2003 - Parker Instrumentation
Parker Instrumentation has been selected by EnCana (UK) Limited to supply exotic-material tube fittings for its recently approved Buzzard Project in the central North Sea. Parker's ability to supply exotic-material variants to cope with the reservoir's 'sour gas', which contains hydrogen sulphide and carbon dioxide ,was a factor in the selection process leading to the signature of the frame agreement. |
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| Hans Brochier GmbH & Co KG Selects Parker Instrumentation for Contract to Provide Gas Dispensers |
03 December 2003 - Parker Instrumentation
Parker's tube fittings, valves, regulators and hoses have been selected by Hans Brochier GmbH & Co KG for its contract to provide gas dispensers for Iran's nationwide compressed natural gas powered public transport project. Hans Brochier is currently providing fuel dispensing systems for over 40 filling stations at key high-traffic sites throughout the country, which will be used initially by a fleet of CNG fuelled buses. |
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| Parker Wins Instrumentation Manifold, Valve & ittings Contract for Egypt's Ground-Breaking LNG Project |
01 December 2003 - Parker Instrumentation
Parker's high integrity instrumentation manifolds valves and tube fittings have been selected for Segas' liquefied natural gas plant in the port of Damietta, Egypt. The ability to supply a comprehensive package was an important factor in the selection process for M W Kellogg, part of the project's joint-venture engineering, procurement and construction consortium of Halliburton KBR, JGC, and Tecnicas Reunidas. |
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| Exotic Alloys Boost Protection for Chemical, Oil, Gas, Pulp, Pharmaceutical Processing |
01 December 2003 - Parker Instrumentation
Parker Instrumentation has extended the versatility of its high-integrity manifold range, with new exotic alloy versions to assure corrosion-free performance in a wider range of fluid instrumentation applications. Now available in materials including Titanium, Monel, 6Mo, Hastelloy, Inconel, Incolloy and Super Duplex, as well as standard stainless steel, the manifolds allow users to optimise protection against the aggressive media found in chemical, oil, gas and other processes. |
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| Innovative 'One Piece' Mini Ball Valve Slashes Size, Increases Temperature Range |
01 December 2003 - Parker Instrumentation
Parker Instrumentation has launched a miniature 12-mm/1/2-inch ball valve for fluid instrumentation applications. Thanks to a patented one-piece seat and packing component, the valve operates over an exceptionally wide temperature range. |
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| Parker Hannifin completes acquisition of Filtration Leader domnick hunter |
23 November 2003 - Parker Instrumentation
Parker Hannifin Corporation today announced that it will complete its purchase of UK-based domnick hunter group plc by acquiring all of the company's remaining outstanding non-tendered shares. Parker anticipates that domnick hunter will cease to be traded on the London Stock Exchange in December 2005. |
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| Modular Substrate for Process Analytical & Laboratory Instrumentation Flow Control Systems is Launched |
14 November 2003 - Parker Instrumentation
Today, Parker Instrumentation launches a modular substrate delivering a leap forward for process analytical and laboratory instrumentation flow control systems. The new surface-mounting fittings advance performance on all major fronts: dramatically reducing the amount of space required, minimising the volume of sample flow paths, and speeding construction and reducing cost of ownership. |
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| Representation Agreement Signed by Parker for Fluid Instrumentation Manifolds & Construction Houses |
23 October 2003 - Parker Instrumentation
Parker Instrumentation has signed a representation agreement for its fluid instrumentation manifolds, valves and tube fitting product lines with Benfield Electric Japan. Headquartered in Tokyo, BEJ has strong links with Japanese Engineering Procurement and Construction houses, and will help Parker to provide local design-in advice and technical support for oil and gas related instrumentation projects. |
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| New Drilling Platform Being Commissioned in Caspian Sea by Parker Instrumentation |
01 October 2003 - Parker Instrumentation
Parker Instrumentation's high-integrity tube fittings and valves are employed exclusively on a new drilling platform currently being commissioned in the Caspian Sea. Constructed by KeppelFELS and the Caspian Shipyard Company, the new semi-submersible has been delivered substantially ahead of project schedule to Maersk Contractors. |
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| Parker Instrumentation Launches Range of One-Piece Double-Block-and-Bleed Manifolds |
02 September 2003 - Parker Instrumentation
At Offshore Europe today, Parker Instrumentation launches a range of one-piece double-block-and-bleed manifolds that significantly reduces the size and weight of process monitoring instrumentation installations. Machined from a single steel forging, Parker's new manifold design eliminates numerous joints, and potential leak paths, compared with arrangements constructed using discrete components. Incorporating flange interfacing, the new products connect easily to process piping. |
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| New Half-Inch Sizes Ideal for High-Tensile Tubing Sizes Used in Deepwater Wells |
02 September 2003 - Parker Instrumentation
At Offshore Europe, Parker Instrumentation will expand its breakthrough family of rapid-assembly, compression tube fittings for pressures up to 15,000PSI. New half-inch sizes provide an ideal solution for handling the high tensile, duplex and super-duplex tubing often favoured for running down high pressure, deepwater wells. |
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| New Instrumentation Check Valve Launched by Parker Instrumentation |
19 August 2003 - Parker Instrumentation
Parker Instrumentation has launched a new instrumentation check valve which is optimised for reliable operation at extreme temperatures, and high pressures. High integrity is assured by means of a metal seat, allowing safe operation over an extended temperature range from -148 to +482°C, and at pressures up to 6,000PSI CWP (-100 to +900°F, up to 413 bar). |
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| Regulatory clearance related to Cash Offer for Denison International plc |
23 July 2003 - Parker Instrumentation
Parker Hannifin Corporation announced today that it will received clearance under Chapter 5 of the Austrian Cartel Act of 1988 from the Austrian Cartel Court with respect to Parker's tender offer to purchase all of the outstanding A Ordinary Shares, 8.00 pounds Sterling par value per share, as well as all of the Ordinary Shares, $0.01 par value per share, including those Ordinary Shares represented by American Depositary Shares, outstanding at any time during the offer, of Denison International plc for $24.00 per share in cash without interest. |
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| Parker Instrumentation Launches Innovative Turnkey Solution for Connecting Continuous Process Analyzers |
20 June 2003 - Parker Instrumentation
Parker Instrumentation today launches an innovative turnkey solution for connecting continuous process analyzers into flare disposal systems. Designated the Vent Recovery Panel, the system dynamically protects petrochemical and chemical analyzers against the pressure fluctuations encountered in flare headers-providing a constant pressure test environment that eliminates any need to vent to atmosphere. |
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| New 15,000 PSI Tube Fittings for Liquid & Gas Instrumentation Systems |
19 May 2003 - Parker Instrumentation
Parker Instrumentation's innovative new 15,000 PSI tube fittings for liquid and gas instrumentation systems make their European debut at Achema 2003. Based on the familiar, industry-standard compression technique, which allows a fitting to be installed in seconds by simply tightening a nut, the new fittings eliminate the time-consuming 'coning and threading' practices that usually need to be performed in the field when applying traditional high pressure fittings. |
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| Modular Stream Switching System Redefines Performance of Automated Sampling Systems |
28 January 2003 - Parker Instrumentation
Parker Instrumentation is demonstrating its innovative valve system for automated stream switching in gas and liquid analysis applications. The product - R-max, uses surface-mounting techniques to dramatically reduce the size of control systems for process analyzers and gas chromatographs, and to provide modularity for assembling compact switches for any quantity of fluid streams. |
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| Orders up across all segments |
12 January 2003 - Parker Instrumentation
Parker Hannifin Corporation today reported orders for the month of November in the company's Industrial, Aerospace, and Climate and Industrial Control segments. Parker derives orders from a wide variety of global end markets which the company serves directly and through a collaborative network of thousands of distributor locations. |
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| Double-Block-and-Bleed Manifold Sets New Standard for Integrity & Compactness |
31 December 2002 - Parker Instrumentation
Parker Instrumentation has released a novel new style of double-block-and-bleed manifold, based on a one-piece construction that eliminates numerous potential leak paths compared with traditional assemblies. |
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| Parker Provides Breakthrough Solution to Major Cause of Process Instrumentation Field Problems |
31 December 2002 - Parker Instrumentation
Parker Instrumentation announces a major step forward in manifold technology with a new design that is completely free of taper thread connections. The manifolds make it possible to optimise the integrity of pressure and flow instrumentation systems by eliminating PTFE tape or liquid thread sealant when making connections, and with it any risk of introducing contaminants into the fluid system, a major cause of problems in the field. |
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| Major Selection Guide to Manifold Products Published |
13 December 2002 - Parker Instrumentation
Parker Instrumentation has published a major selection guide to manifold products. Covering the spectrum of manifold types for pressure, flow and other instrumentation and control applications, this free 120-page guide is a valuable addition for every plant and process engineer's data shelf. |
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| New CD-ROM Video From Parker Instrumentation Highlights Problem of Corrosion in Offshore Installations |
11 December 2002 - Parker Instrumentation
A new CD-ROM video from Parker Instrumentation highlights the problem of corrosion in offshore installations. Titled 'A Warning from History', the five-minute video is essential viewing for instrumentation engineers and anyone involved in the specification, purchasing, and maintenance of small-bore tubing and fittings. |
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| A Breakthrough in Tube Fittings for Liquid & Gas Instrumentation Systems |
04 November 2002 - Parker Instrumentation
Parker Instrumentation has launched a breakthrough in tube fittings for liquid and gas instrumentation systems, with a new 'rapid assembly' design that will handle pressures up to 15,000 PSI. Based on the familiar, industry-standard compression technique, which allows a fitting to be installed in seconds by simply tightening a nut, the new fittings eliminate the time-consuming 'coning and threading' practices that usually need to be performed in the field when applying traditional high pressure fittings. |
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| North Sea Platform Highlights Safety Related Problem Effecting Fittings Currently in Service |
22 March 2002 - Parker Instrumentation
A tube fitting failure on a North Sea platform has highlighted a safety-related problem that could affect thousands of fittings currently in service worldwide. But, according to Parker Instrumentation, such problems are now readily avoidable, through a combination of appropriate technologies and good practice. |
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| Innovative Valve System for Automated Stream Switching in Gas & Liquid |
15 March 2002 - Parker Instrumentation
Parker Instrumentation today announces an innovative valve system for automated stream switching in gas and liquid analysis applications. The new product, R-max, uses surface-mounting techniques to dramatically reduce the size of control systems for process analysers and gas chromatographs, and to provide modularity for assembling compact switches for any quantity of fluid streams. |
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| Wew Range of Swing-Out Ball Valves is Launched |
14 January 2002 - Parker Instrumentation
Parker Instrumentation has launched a new range of swing-out ball valves offering high pressure operation to 2,500 PSIG as standard, a figure which is up to 100% higher than many similar products on the market. |
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| Widespread industrial automation applications foreseen for new wireless networking technologies |
06 December 2001 - Parker Instrumentation
Powerful new wireless networking technologies have recently become available and are likely to find widespread use in a range of industrial applications, according to Parker Hannifin Corporation, the world's leading diversified supplier of motion and control technologies and systems. |
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| Parker Hannifin posts monthly orders trend |
05 December 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of November in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 25 percent from the same month last year, while the Rest-of-World Industrial segment decreased 10 percent. Order rates at Parker Aerospace are now flat with a year ago. |
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| Parker to acquire hose and rubber compound manufacturer |
05 December 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced an agreement to acquire operations of ITR SpA, a subsidiary of the SAIAG Group, for Euro 77 million (US $68 million). ITR is a leading Italian manufacturer of hose, fittings and rubber compounds for hydraulic, industrial and oil/gas applications. The cash transaction, which is expected to close during the first quarter of the calendar year, is subject to regulatory approval. |
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| Parker contract on joint strike fighter estimated at $5 billion |
06 November 2001 - Parker Instrumentation
The new Lockheed Martin Joint Strike Fighter program will provide revenues of approximately $5 billion over the life of the program for supplier Parker Aerospace, an operating segment of Parker Hannifin Corporation (NYSE: PH). |
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| Parker Hannifin posts monthly orders trend |
05 November 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of October in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 21 percent from the same month last year, while the Rest-of-World Industrial segment decreased 10 percent. At Parker Aerospace, orders were nine percent higher than last year. |
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| Parker invites you to tune into a live Webcast |
23 October 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) is pleased to invite you to join its Annual Meeting of Shareholders via a live webcast and slide presentation with President and CEO Don Washkewicz at 9:00 a.m. ET, Wednesday, October 24, 2001 at www.phstock.com |
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| Parker makes another strategic global acquisition with Dayco Fluid Management Technology |
22 October 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has acquired assets associated with the global fluid management business of Dayco Industrial from Mark IV/BC Partners. With revenues last year of $304 million, the Dayco assets acquired include Imperial-Eastman products and a wide array of hydraulic and industrial hose and connectors, as well as proprietary compounding technologies for a broad range of applications. |
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| Parker Hannifin posts monthly orders trend |
03 October 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of September in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 24 percent from the same month last year, while the Rest-of-World Industrial segment decreased nine percent. At Parker Aerospace, orders were nine percent higher than last year. |
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| Parker promotes Vande Steeg to Corporate Operations role |
02 October 2001 - Parker Instrumentation
Parker Hannifin Corporation today announced the promotion of Nickolas W. Vande Steeg, age 58, to the position of Corporate Vice President & Operating Officer, effective January 1, 2002. With this appointment, Vande Steeg will join Corporate Vice President & Operating Officer Jack Myslenski in the day-to-day leadership of company operations. He also will become a member of Parker's Office of the Chief Executive. |
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| Parker files $200 Million of floating-rate notes; Repays portion of outstanding commercial paper |
02 October 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has sold $200 million of floating-rate notes due Oct. 1, 2003. The company registered the notes under its existing debt shelf originally filed in March 1998. The company's capacity prior to the filing was $530 million. The full proceeds were used to repay a portion of outstanding Commercial Paper. |
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| Parker establishes new $825-Million credit facility among 12 Banks from around the world |
20 September 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced it has established a new $825-million revolving credit facility to replace previous revolving credit agreements which were to mature between September 2001 to October 2003. |
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| Parker to expand automation offering in Invensys Pneumatics purchase |
18 September 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) and Invensys plc today announced they have signed a definitive agreement for Parker to acquire the assets and stock of Invensys' pneumatics business unit for US$38 million in cash. The transaction is subject to regulatory and other customary approvals. The companies expect to complete the transaction around Sept. 30, 2000. |
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| Parker Hannifin posts monthly orders trend |
07 September 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of August in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 25 percent from the same month last year, while the Rest-of-World Industrial segment decreased six percent. At Parker Aerospace, orders were 11 percent higher than last year. |
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| Parker buys Eaton's Commercial and Residential Air Conditioning and Refrigeration business |
04 September 2001 - Parker Instrumentation
Diversified industrial manufacturers Parker Hannifin (NYSE: PH) and Eaton Corporation (NYSE: ETN) today jointly announced that Parker has completed the purchase of Eaton's Aeroquip Air Conditioning and Refrigeration business for an undisclosed amount, effective August 31, 2001. |
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| Parker divests commercial metal forming to Cleveland-based blue point capital partners |
31 August 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced the divestiture of the Youngstown, Ohio-based Commercial Metal Forming business in a tax-free reorganization. With about $50 million in annual sales, the business makes cold-formed metal products, tank ends and tank accessories for storage vessels. It was part of Commercial Intertech, which Parker acquired in April 2000. |
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| Parker Hannifin posts monthly orders trend |
06 August 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of July in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 30 percent from the same month last year, while the Rest-of-World Industrial segment decreased five percent. At Parker Aerospace, orders were 13 percent higher than last year. |
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| Parker reports annual sales up 11 percent, earnings affected by U.S. industrial slump |
30 July 2001 - Parker Instrumentation
As the manufacturing recession continues, Parker Hannifin Corporation (NYSE: PH) today said the fourth quarter, which usually is a strong one, weighed on the company's full-year results. Quarterly net income excluding costs associated with operating realignments and other corporate accruals was $66.8 million, or 57 cents per diluted share, compared with last year's fourth-quarter income of $113 million, or 99 cents per diluted share. For the full year, the company earned $340.8 million, or $2.96 per diluted share, compared with $368.2 million, or $3.31 per diluted share, in the prior year. |
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| Electronic Systems Division provide fuel measurement & management systems for Airbus A380 |
26 July 2001 - Parker Instrumentation
Airbus has selected the Electronic Systems Division of Parker Hannifin Corporation (NYSE: PH) to provide the fuel measurement and management systems for the new A380, the world's largest airliner. For the New York-based division of Parker Aerospace, the program has a potential revenue value of $200 million, including original equipment sales to Airbus and aftermarket spares and services to the airlines over a 20-year period. |
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| Parker automation selects Alventive for online collaboration with customers and partners |
25 July 2001 - Parker Instrumentation
Alventive, Inc., an innovator of collaborative design software, today announced that the Automation group of Parker Hannifin Corporation (NYSE:PH) has selected Alventive Collaborative Design Solutions to automate the design of electromechanical systems. By offering the ability to collaborate on application design early in the machine design process, Parker is helping its customers and partners decrease costs and improve time-to-market. |
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| Parker announces group management appointments |
19 July 2001 - Parker Instrumentation
Tom Mackie is promoted to president of the Fluid Connectors Group, replacing Jack Myslenski, who was promoted in April to the position of corporate vice president of operations. Mackie has held a number of management positions in Parker including vice president of operations for the Fluid Connectors Group including its European operations. Most recently he was president of the Instrumentation Group. He holds a bachelor's degree in mechanical engineering from the University of Wisconsin and an MBA degree from Case Western Reserve University. |
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| Parker Hannifin completes acquisition of Dana's Chelsea Division |
16 July 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has completed its acquisition of Dana Corporation's (NYSE: DCN) Chelsea Products Division, a leading supplier of power take-offs and related auxiliary power devices for medium- and heavy-duty vocational equipment. Terms for the purchase were not disclosed. |
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| Parker adds Wabtec's Kassling to its Board of Directors |
11 July 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today named William E. Kassling a member of its Board of Directors in the class whose term continues through October 2002. |
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| Parker Hannifin posts monthly orders trend |
05 July 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of June in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 19 percent from the same month last year, while the Rest-of-World Industrial segment decreased one percent. At Parker Aerospace, orders were 24 percent higher than last year. |
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| Parker revises earnings outlook as North American manufacturing recession continues |
29 June 2001 - Parker Instrumentation
Citing severely depressed shipments in North American industrial markets, Parker Hannifin Corporation (NYSE: PH) said it expects earnings for its fiscal fourth quarter ending June 30 to be about one-third lower than analysts' current consensus estimate of 77 cents per diluted share without unusual or extraordinary items. For the full fiscal year, earnings excluding unusual items now are expected to range from $2.81 to $2.91 per diluted share. |
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| Parker plays behind-the-scenes role in Pearl Harbor epic |
08 June 2001 - Parker Instrumentation
Going to the movies this weekend? Cleveland-based Parker Hannifin (NYSE: PH) is 'now playing' in the epic film Pearl Harbor. The company was cast to help recreate the ill-fated 1941 attack for the big-screen. |
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| Parker Hannifin tops survey of design engineers as worldwide leader in fluid power technologies |
08 June 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) was recognized in a worldwide survey of product design engineers as the global leader in fluid power technologies. Parker is the leading supplier of a full range of motion and control technologies, including fluid power. |
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| Shared operations to facilitate faster entry into lower-cost production centers |
05 June 2001 - Parker Instrumentation
A new type of plant launched this week in the Czech Republic highlights Parker Hannifin Corp.'s (NYSE: PH) strategy for expanding in lower-cost production centers around the world. In a radical change from the way that Parker has traditionally operated, nine independent divisions will share common services in the 100,000-sq.-ft. incubator plant as they establish production in Central Europe. |
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| Parker Hannifin posts monthly orders trend |
05 June 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of May in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 17 percent from the same month last year, while the Rest-of-World Industrial segment increased one percent. At Parker Aerospace, orders were 24 percent higher than last year. |
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| Parker promotes John White to Vice President, Corporate Information Officer |
30 May 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced the promotion of John White, age 56, to the position of Vice President, Corporate Information Officer, effective on July 1. White succeeds Paul Carson, who is retiring from the company after nearly 39 years of service. |
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| Expansion signals dedication to piston pump manufacturing |
25 May 2001 - Parker Instrumentation
'Our new addition includes a performance and endurance testing laboratory, quality assurance lab and customer reception and conference area,' said Paul Brewer, operations manager at the facility. 'The driver for this upgrade is to combine the power of a world-class manufacturing facility with our industry leading deliveries and innovative products. |
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| Parker promotes CFO Hiemstra for broader leadership role |
17 May 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced the promotion of Michael J. Hiemstra, age 54, to the position of Executive Vice President, Finance & Administration and CFO, effective with the July 1 management transition in which Don Washkewicz succeeds Duane Collins as CEO. |
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| Parker acquires Dana's Chelsea Division, adding further systems capability for vocational-equipment market |
16 May 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced an agreement to acquire Dana Corporation's Chelsea Products Division, a leading supplier of power take-offs and related auxiliary power devices for medium- and heavy-duty vocational equipment. Terms for the purchase, which is subject to customary regulatory approval, were not disclosed. |
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| Parker Hannifin posts monthly orders trend |
04 May 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today reported orders for the month of April in the company's industrial and aerospace segments. Orders for the North American Industrial business decreased 23 percent from the same month last year, while the Rest-of-World Industrial segment experienced no change. At Parker Aerospace, orders were 27 percent higher than last year. |
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| Parker Hannifin acquires fluid power cylinder, compressed air filtration businesses from CKD,Createc |
01 May 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has completed the acquisition of Miller Fluid Power and Wilkerson Corporation FRL businesses of CKD- Createc, a wholly owned U.S. subsidiary of CKD of Nagoya, Japan. Terms of the stock purchase were not disclosed. |
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| Parker promotes Myslenski, announces leadership structure effective July 1 |
30 April 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced the promotion of John D. ('Jack') Myslenski, age 50, to the position of Corporate Vice President, Operations, effective with the July 1 management transition in which Don Washkewicz succeeds Duane Collins as CEO. The company also said it will form a new 'Office of the Chief Executive,' including Washkewicz, Executive Vice President Denny Sullivan, Chief Financial Officer Mike Hiemstra and Myslenski. |
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| Parker Hannifin to acquire businesses from CKD, Createc |
23 April 2001 - Parker Instrumentation
Parker Hannifin Corporation (NYSE: PH) today announced that it has agreed to acquire the Miller Fluid Power and Wilkerson Corporation FRL businesses of CKD- Createc, a wholly owned U.S. subsidiary of CKD of Nagoya, Japan. Terms of the stock purchase were not disclosed. The combined sales by the two Createc businesses totaled $90 million during calendar 2000. Parker expects to complete the transaction by April 30, 2001. |
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| Orders for the North American Industrial business decreased 31 percent |
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