Goodrich Corporation , formerly B.F. Goodrich Company , is an American aerospace manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, TewÃ, & amp; Ã, co. Benjamin Franklin Goodrich. The company name was changed to "B.F. Goodrich Company" in 1880, became BFGoodrich in the 1980s, and became "Goodrich Corporation" in 2001.
In 1869, Benjamin Franklin Goodrich bought the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich received a $ 13,600 offer from residents of Akron, Ohio, to relocate his business there. Goodrich was ranked 67th among US companies in the contract value of World War II military production.
The company grew into one of the largest tire and rubber producers in the world, partly helped by the 1986 merger with Uniroyal (formerly the US Rubber Company). This product line was sold to Michelin in 1988, and the company merged with Rohr (1997), Coltec Industries, and TRW Aeronautical Systems (formerly Lucas Aerospace) in 2002. Sales of specialty chemicals divisions and subsequent changes to the current name completed the transformation. In 2006, the company's sales were $ 5.8 billion, of which 18%, 16% and 12% of total revenues were recorded by the US government, Airbus and Boeing, respectively.
Although BFGoodrich is a popular brand name for tires, Goodrich Corporation left the tire business in 1988. The tire business and the use of the name were sold to Michelin. Before the sale to Michelin, Goodrich runs a television and print commercial showing an empty blue sky, to distinguish himself from a similarly sounded Goodyear tire company. The phrase is, "Look at that balloon in the sky? We are someone else!" The company is also sometimes confused with Mr. Goodwrench because his last two names are similar, especially when BF Ban Goodrich is featured in many General Motors cars and trucks.
Video Goodrich Corporation
History
Initial history
B.F. Goodrich sold the radio from the 1930s to the 1950s, under the brand name "Mantola". These radios are actually made by various manufacturers for B.F. Goodrich.
In 1936 the company entered the Mexican market in a joint venture with Euzkadi (Now part of Continental AG) (named: Goodrich-Euzkadi). The Troy, Ohio factory was purchased in 1946 from Waco. Since then, Goodrich has been producing wheels and brakes for various aircraft. Among these are commercial, military, regional, and business programs. This successful operation lies at the core of Goodrich's business. Competitors include corporate aerostructures divisions such as Honeywell, Messier-Bugatti, Aircraft Braking Systems, (Howmet/Huck) and SNECMA. The Hood Rubber Company was sold before the Great Depression as a division of Goodrich B.F.
1980-1990s
In 1986 B.F. Goodrich has been a listed company in the S & P 500 in a variety of businesses, including the manufacture of tires and rubber. B.F. Goodrich makes high performance replacement tires. In August 1986, one of its biggest competitors in the tire business, Uniroyal Inc., became private when it joined the tire segment of the BF Goodrich Company, in a joint venture partnership, to become Uniroyal Goodrich Tire. Company . B.F. Goodrich Company holds a 50% stake in the new tire company.
The newly founded Uniroyal Goodrich Tire Company headquarters in Goodrich's former headquarters at GoodF, inside its 27-story building complex in Akron, Ohio that contains the original Goodrich factory. In the fall of 1987, BF Goodrich Company shut down some manufacturing operations at the site, and most of the compound remained empty until February 1988, when BF Goodrich announced plans to sell an empty section of the complex to Covington Capital Corporation, a New York Developer group.
In 1987, the first year of its operation, the new Goodroy Uniroyal Tire Company generated nearly $ 2 billion in sales revenue, with a profit of $ 35 million.
Merging soon proved difficult. In June 1988 B.F. Goodrich sold his 50% stake for $ 225 million. The buyers are a group of investors led by Clayton & amp; Dubilier, Inc. a New York private investment firm. At the same time, B.F. Goodrich also received a warrant for indirect purchase of up to 7% of the equity in the Uniroyal Goodrich Tire Company.
As part of a June 1988 sales agreement, the new private tire company acquired public debt of $ 415 million.
Also in 1988, the Michelin Group, a subsidiary of the French tire company Michelin et Cie (Euronext: Ã, ML) proposed to acquire the Goodrich Tire Company and take action against the takeover of shares. In May 1990, Michelin Group has completed the purchase of Goodroy Uniroyal Tire Company from Clayton & amp; Dubilier New York. The deal is worth around US $ 1.5 billion. B.F.Ã, Goodrich submitted 7% of the warrant to the Michelin Group, and received $ 32.5 million in additional revenue from the sale.
Leaving tire business
B.F. Goodrich at the time was out of the tire business entirely, in line with his plans to build a chemicals and aerospace business through reinvestment and acquisitions. In 1997 the company acquired Rohr, a maker of jet nacelles aircraft engines (aerodynamic structures that surround aircraft engines), expanding its presence in the integrated aircraft component industry.
In 1999 the company acquired Coltec Industries based in Charlotte, North Carolina for $ 2.2 billion of stock and assumed debt, making the former tire maker landing equipment supplier and other aircraft parts No. The headquarters was moved to Charlotte after this merger.
In 2001, the company divested the specialty chemicals business to focus on aerospace and industrial products and, to signify the completion of the transformation, it was renamed Goodrich Corporation and adopted a new logo.
In October 2002, Goodrich acquired TRW Aeronautical Systems, this division primarily is a former Lucas Aerospace activity, which is mostly based in the UK and France.
In November 2010, Goodrich opened a large new manufacturing center in Krosno Rzeszow, Poland.
In September 2011, United Technologies Corporation (UTX) announced an agreement to buy Goodrich for $ 18.4 billion, paying $ 127.50 per share and assuming $ 1.9 billion in debt.
On July 26, 2012, United Technologies Corporation bought Goodrich. Hamilton Sundstrand and Goodrich divisions unsold then combined to create UTC Aerospace Systems. Rocketdyne, pump and operating industrial compressors Hamilton Sundstrand, Clipper Windpower, and UTC Power (United Technologies fuel cell business) will be sold for cash for the deal.
On October 16, 2012, United Technologies Corporation secured approval to sell Power Systems division from Goodrich (Twinsburg Ohio, Pitstone Green Buckinghamshire) to Safran for $ 400 million. The sale of this business unit is a requirement set by the Chinese competition regulator to approve the purchase of Goodrich by UTC. Power Systems Division must be divested on December 16, 2012
Maps Goodrich Corporation
Business
Actuation and landing system
- The actuation system
- Airplane wheels and brakes
- Flight technical services
- Landing gear
- Machine components
Electronic system
- Integrated Sensor and system
- Engine and power system control
- ISR (intelligence, surveillance, and surveillance) systems
and
Nacelles and interior systems
- Aerostructure
- Interior
- Customer service
Platform
Civil
- Boeing 737
- Boeing 747-400
- Boeing 757-200
- Boeing 767
- Boeing 777
- Boeing 787
- Airbus A320 series
- Airbus A330/A340
- Airbus A350XWB
- Airbus A380
- Cessna Citation
- Bombardier Global Express
- Bombardier Dash-8 Q400
- Regional Jet Canada
- Jet Lear
- Handley Page Jetstream
- AgustaWestland AW139 helicopter (electronic ice protection system)
- Embraer 170
- Embraer 190
- Piaggio P180
Military
- Embraer KC-390
- Airbus A400M (Power plant, flaps, transmission ice detection sensors)
- F-14 Tomcat
- F-15 Eagle (boot erosion radome)
- F-16 Fighting Falcon (nosewheel)
- S-3 Viking
- P-3 Orion
- C-141 Starlifter
- C-5 Galaxy
- B-52 Stratofortress
- F-111 Aardvark
- F-117 Nighthawk
- A-6 Intruder
- CH-46 Sea Knight (wheel or brake rotor)
- CH-47 Chinook (wheel or brake rotor)
- CH-53 Sea Stallion (wheel or brake rotor)
- V-22 Osprey (wheel or brake rotor)
- Harrier Jump Jet - all versions (hydromechanical fuel system)
- SEPECAT Jaguar - all versions (hydromechanical fuel system)
- Space Transport (wheels and brakes; tire business sold to Michelin in 1988)
- Panavia Tornado - all versions (engine control, high lifting apparatus, flap and slat activation, nozzle control)
Restatements
On Feb 24, 2004, Goodrich reiterated its fourth quarter and full year earnings results for the year 2003 after Pratt & Whitney told the company that it was drastically cutting orders for engine casing components.
Famous employees
- Benjamin S. Garvey - works for B.F. Goodrich and Pennsalt Chemicals Corporation. Dr. Garvey developed the "10 Gram Evaluation Process."
- William C. Geer - a pioneer in studying the aging of rubber, and the developer of the early aircraft de-icing system, the vice president at B. F. Goodrich
- David Grylls, Chula Vista, California, Olympic Silver Olympic Bicycle Rider
- Frank Herzegh, inventor of tubeless tires
- Samuel E. Horne, Jr. - Goodrich chemist who first polymerized synthetic polyisoprene using Ziegler catalyst
- Arthur E. Juve - B. F. Goodrich Director of Technology that develops oil-resistant rubber compositions, laboratory tests for tread treads, and improvements in the manufacture of rubber products and synthetic rubber processing
- Virgil A. Martin, Los Angeles, California, member of the City Council (1927-31)
- George Oenslager - a chemist known as a vulcanization accelerator chemical pioneer
- John D. Ong, CEO (1979-1996) and US Ambassador to Norway (2002-2005)
- Waldo L. Semon - the earliest developer of synthetic rubber, especially Ameripol for B. F. Goodrich.
References
- http://www.nndb.com/people/368/000164873/
Further reading
- Blackford, Mansel G. and K. Austin Kerr. B. F. Goodrich: Tradition and Transformation, 1870-1995; (Ohio State University Press, 1996); ISBNÃ, 0-8142-0696-4.
- Blackford, Mansel G. "B. F. Goodrich Becomes a Multinational Company, 1910-1929," Essays in Economics & amp; Business History (1996), Vol. 14, pp 365-373.
External links
- Official website
- Fuel Turbine Technology (Goodrich Company)
- Delavan Spray Technologies (Goodrich Company)
Source of the article : Wikipedia
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