Parker

Parker Hannifin was founded in 1917 as the Parker Appliance Company. Its founder was Arthur Parker, an engineer with a unique idea for a braking system on trucks and buses. Out of this innovative spirit, the company was formed. Today, this sort of innovative spirit keeps Parker pushing the limits and designing new, unique products which save time, cut costs, and keep industries up and running.

Parker’s engineering expertise spans the core motion and control technologies including Aerospace, Climate Control, Electromechanical, Filtration, Fluid & Gas Handling, Hydraulics, Pneumatics, Process Control, and Sealing & Shielding. The company’s current product line includes a large range of products which cover these areas.

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. Parker’s engineering expertise and broad range of core technologies uniquely positions the company to help solve the world’s greatest engineering challenges.

Culture

Parker’s culture is reflected in the core values team members aspire to: A Winning Culture, Passionate People, Valued Customers and Engaged Leadership. Over time, Parker has nurtured a culture which emphasizes a commitment to excellence and integrity and a special concern for its customers’ welfare. Parker’s continued success in serving its customers, suppliers, shareholders and the general public depends upon each individual team member's full commitment.

Sustainability - Parker's Carbon Commitment

Parker has made great progress on our sustainability journey and they recognize the need to do even more. Parker recently announced a new commitment to achieve carbon neutral operations by 2040, and established a series of emissions targets to ensure continued progress. This commitment to reducing Parker's own carbon emissions is another important step they are taking to create a more sustainable future for generations to come.

Technologies Enabling a Better Tomorrow

Parker’s interconnected portfolio of motion and control technologies features a broad range of highly efficient products and systems engineered to help customers reduce resource consumption and greenhouse gas emissions. Parker delivers technology solutions that enable the adoption of cleaner and more efficient energy, electrification, light-weighting and other innovations with a positive, global environmental impact, including:

• A comprehensive suite of engineered materials such as thermal management, coatings, adhesives and vibration control that enable more electric applications.
• A broad range of motion and control technologies to support the use of various clean energy sources such as batteries, fuel cells, hydrogen, sustainable fuels and renewable energy.
• Strongest motion technology offering with electro-hydraulic, electro-mechanical, and pneumatic actuators, valves, pumps, motors, controllers, software and conveyance for more electric aerospace, mobile and industrial applications.
• Broad platform of filtration technologies to accelerate a cleaner and more sustainable world.
• Exciting bill-of-material expansion opportunities both for onboard OEM equipment as well as significant new infrastructure investment to support a cleaner technology world.

Innovation

The engineering in Parker products may not be visible, but they can be found on and around virtually everything that moves.

Parker views the world through the lens of a broad range of motion and control technologies, and team members see a vast number of engineering challenges that are yet to be solved and can make a meaningful difference in people's lives.

These very challenges drive Parker people forward, seeking new ways to innovate, combine technologies, collaborate, develop systems and partner with our customers to solve problems. Parker calls it Winovation and by following its path, Parker not only create limitless growth potential for their organization, they also make significant contributions to our world at large, for our generation and for the generations to come.

Recent innovations include Air Saver switching valve technology which regulates compressed air supply in between periods of active use and reduces air consumption by 50%, as well as an extremely safe fast-fill compressed natural gas (CNG) dispenser, and Modulated Turbine Clearance Control Valve (MTCCV) which reduces fuel consumption and emissions in jet engines for aircraft. Other notable innovative products include the simple and rugged GlobalCore line of hydraulic hoses, Parker Tracking System (PTS) labels for reducing equipment downtime, and SMART Service Tools which increase efficiency and reduce energy consumption.

• Sales: $11.4 billion
• CEO: Thomas L. Williams
• Headquarters: Cleveland, OH
• Employees: 49,000
• Products sold: 864,000
• Manufacturing plants: 292