With annual sales exceeding $10 billion, Parker Hannifin Corporation is the world`s leading diversified manufacturer of motion and control technologies, providing systematic, precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company`s products are vital to virtually everything that moves or requires control, including the manufacture and processing of raw materials, durable goods, infrastructure development and all forms of transport. Traded on the New York Stock Exchange under the symbol `PH,` Parker is strategically diversified, value-driven and well positioned for global growth as the industry consolidator and supplier of choice.
Founded in 1918, Parker Hannifin Corporation is a $13 billion, global company.
With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 60,000 people in 48 countries around the world.
Parker’s engineering expertise and broad range of core technologies uniquely positions the company to solve some of the world’s greatest engineering challenges. By partnering with customers, Parker improves their productivity and profitability and seeks new ways to solve humanity's biggest challenges.
The Global Leader in Motion and Control Technologies
Parker’s engineering expertise spans the core motion and control technologies – Aerospace, Climate Control, Electromechanical, Filtration, Fluid & Gas Handling, Hydraulics, Pneumatics, Process Control and Sealing & Shielding.
Parker’s culture is reflected in the core values we 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, employees, shareholders and the general public depends upon each individual employee’s full commitment. Because of our high ethical standards, the Parker name is recognized around the world as a good citizen and a symbol of quality in motion-control products.
Another contributor to Parker's success from the earliest stages of the company's creation is employee empowerment. In 2001, the inclusion of 'Empowered Employees' as the foundation of the Win Strategy formalized the idea that encouraging employees to take action and ownership in their work will enable us to improve our performance and achieve our goals.
Employee Empowerment is a clear business differentiator that creates a competitive advantage for Parker by reflecting our unique values, promoting a structured approach to teamwork, recognizing the contribution of all employees, and holding us accountable for results.
Creativity, innovation, and personal accountability are essential elements for improving the effectiveness of Parker Hannifin Corporation. All employees are provided the same respect in our organization that they are expected to in turn share with every Parker stakeholder.
At Parker, we believe that an empowered, results-oriented organization excels at engaging highly talented people of different backgrounds and perspectives. Respecting and embracing these differences enhances our position in the global marketplace. In order to remain the world leader in motion and control, we align ourselves into whatever teams our markets require; and unify our strengths to serve our customers.
High Performance Work Teams Fuel Empowerment
Empowered Parker employees work to execute the Win Strategy by taking initiative and accepting accountability for results and support a culture of respect for the contribution of every person. At the Parflex Division, employees are joining together in formalized high performance work teams to improve operations in both manufacturing and office processes.
Many of the division’s 480 employees have received training and actively participate in teams that are focused on specific goals. The division supports nearly 15 formal teams at 2 locations in the United States. Not only have these teams improved operational and financial metrics, but they have had a positive effect on morale. Ideas are now generated and shared by employees at every level and there is a greater sense of ownership and accountability. Employees have also gained a greater sense of pride in their team’s accomplishments and a renewed interest in Kaizen event s and other improvement initiatives.
The Parker Hannifin Foundation
Incorporated on January 29, 1953, the focus of the Parker Hannifin Foundation is to support educational institutions, health care organizations, and various local charities. Millions of dollars are donated by the Foundation each year to organizations that are making a difference in the lives of Parker employees and the communities we call home.
Every Parker location is focused on local community support and fundraising activities. In addition to donations, many employees also volunteer their time; dedicating countless hours in support of organizations that appeal to a personal connection. Company sponsored fundraising drives include everything from holiday gifts, coats and backpack collections; to funds for education, the arts, medical research, community support organizations, and much more.
The Parker Hannifin Foundation extends the goodwill of Parker’s employees often matching gifts and donations that benefit the communities we call home. Some of the organizations that were approved in 2011 were: American Heart Association, Great Lakes Science Center, Newspapers in Education, Habitat for Humanity, Cleveland Sustainability Network, LEAF, Junior Achievement, Exeter Math Institute, Holden Arboretum, and Cleveland Museum of Art.
A Winning Heritage
The history of Parker is an interesting account of the transformation of technology over a period of nearly 100 years. Founded in 1918, the evolution of the Parker Appliance Company into Parker Hannifin Corporation illustrates a legacy of innovation. We believe our future growth is assured by honoring Parker’s tradition of excellence.
The engineering in our products may not be visible, but every day you experience the results of our work on virtually everything that moves.
If you view the world as we do, through the lens of our broad range of motion and control technologies, you can see a vast number of engineering challenges that are yet to be solved and can make a meaningful difference in our 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. We call it Winovation and by following its path, we not only create limitless growth potential for Parker, we also make significant contributions to our world at large, for our generation and for the generations to come.
Parker’s RunWise Hits the Streets of Miami
On September 15, 2010 in Miami, Florida, Parker delivered the first commercial orders of its RunWise Advanced Series Hybrid Drive technology to several municipalities there who are the first to purchase refuse vehicles using the technology.
Parker Inverter Systems Modernizing Electrical Grids Worldwide
Parker has developed a power conversion system that connects energy storage units to the grid to better manage the fluctuations in demand, in a less expensive, more accurate and energy efficient manner.
Parker Racor Cleans Wastewater
Parker Racor's Village Marine Tec. Bilgewater Membrane Separator cleans wastewater aboard the Antarctic Dream, an expedition vessel built for Antarctica exploration.
A Focus on the Fundamentals.
Parker’s Win Strategy, built on long established Parker goals of premier customer service, financial performance, and profitable growth; is a disciplined and consistent business strategy that has transformed the company and improved operations worldwide since it was initiated in 2001. Designed as an instrument of operational change, the Win Strategy is a powerful document adopted by all locations worldwide.
Empowered employees represents the foundation of our strategy and the key to our success, as they have remained steadfast in their dedication to the strategy’s implementation. Empowered employees work to execute the Win Strategy by taking responsibility and accepting accountability for results; and supporting a culture of respect for the contribution of every person.
Parker technologies are critical to safeguarding the environment by helping to address the world’s need for clean and efficient energy generation.
Parker has long recognized the connection between the health of our company and economic, environmental and social factors. Our sustainable efforts broadly focus on our employee welfare, responsible use of resources, and our social responsibility to the communities in which we serve.
We have a strong focus on employee welfare through employee health, safety and wellness programs as well as a commitment to a work environment that is inclusive, engaging and empowering.
We actively engage in the reduction of resource use and have a significant environmental impact through developing and providing technology that reduces resource use in application.
We support and invest in the communities in which we operate as we realize their success is critical to our success and we realize that this is a journey and are committed to continue to improve in these areas and provide transparency in our efforts.
Parker Wellness and Preventive Medicine Program
Parker gives employees considerable choice when it comes to choosing health care. Parker’s Wellness and Preventive Medicine Program gives employees expanded treatment choices including wellness, preventive care and complimentary therapies.
Parker`s Hope School in China
Parker China has partnered with the China Youth Development Foundation, a non-governmental and non-profit national organization, to support local communities through its 'Project Hope' program.
Parker technologies are critical to safeguarding the environment by helping to meet humanity's need for clean and efficient energy generation.
At Parker, we are at the forefront of efforts to enable the development and commercialization of every renewable energy platform in the world.
EHS Vision Statement
Parker is committed to concept of continuous improvement in environmental performance.
Canadian Waste & Recycling Expo 2012, ECOMONDO 2011, ECOMONDO 2013, FIERAGRICOLA International Agri-business Show 2014, Pollutec Horizons 2011, POWER-GEN International 2013, Waste Expo 2013, WQA Aquatech USA 2012, WQA Aquatech USA 2013