Arthur L. PARKER founded the Parker Appliance Company on March 13, 1917, in a small loft in Cleveland, Ohio, along with his business partner, Carl Klamm. In the early days, the company built pneumatic brake systems for trucks, trains, buses and industrial machinery, as well as leak-free fittings for the pioneers of aviation. Through staggering setbacks and impressive achievements, Parker solutions have enabled countless technology leaps over the past century.
PARKER is located in 45 countries around the world. Parker’s unrivalled industrial distribution network extends to approximately 17,000 locations globally. Through this extensive network of local, independent businesses, Parker brings its products and services to customers in 104 countries. This includes continued penetration of the PARKER Store™ network of industrial retail outlets, which has more than 3,000 locations around the world.
PARKER has defined its unique contribution to the world through a new purpose statement: Enabling Engineering Breakthroughs that Lead to a Better Tomorrow. As the global leader in motion and control technologies, Parker plays a pivotal role in applications that have a positive impact on the world.
PARKER Hannifin is a Fortune 250 global leader in motion and control technologies. Parker 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. For more than a century the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. The engineering in Parker products may not be visible, but can be found on and around virtually everything that moves.
Competing and winning in today’s challenging global markets will require Parker to build on the company’s strong foundation while setting a new course with strategies to take performance to the next level.
The Win Strategy is built on the established goals of engaged people, premier customer experience, profitable growth and financial performance, and will position Parker to achieve top quartile financial performance among its diversified industrial proxy peer companies
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