Ingersoll-Rand marks 100th anniversary
Ingersoll-Rand marked on June 1 the 100-year anniversary of the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company, which formed Ingersoll-Rand.
“Among business mergers of the past century, the combination of the predecessor companies of Ingersoll-Rand 100 years ago today is notable for its enduring success and legacy of achievement,” said Herbert L. Henkel, chairman, president and chief executive officer. 'For the past 100 years, Ingersoll-Rand people and products have contributed mightily to the advancement of global industry and commerce and, as a result, have played a vital role in worldwide economic development and social progress.'
In connection with the company's annual general meeting, held in Woodcliff Lake, NJ, Henkel reflected on the company's contributions to industry and society, and prospects for future growth. 'Our technologies have been instrumental in creating many of the world's most remarkable engineering feats and enduring symbols of economic progress, from Mount Rushmore and the Hoover Dam to the English Channel and China's Three Gorges Dam,' said Henkel.
'Today, we are a diversified industrial company, bearing little resemblance to the heavy equipment manufacturer of our past. Yet, our passion for unleashing the power of technology to generate economic value continues to define who we are. As we step further into IR's next century, our ability to make progress possible for our customers will continue to propel our market leadership and global growth.'
Originally appeared in Plant Engineering online www.plantengineering.com