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Goodrichs engineered industrial products are at work in the toughest manufacturing environments, such as chemical, refining, and pulp and paper plants wherever fluids or gases need to be sealed or compressed air is required. A leading supplier of sealing technologies and compressor systems, the company also offers self-lubricating bearings, spray nozzles, heavy-duty truck wheel products and large diesel engines. Close customer relationships, strong distribution channels, and well-known brand names like Garlock®, Quincy®, Stemco® and Fairbanks Morse® are hallmarks of this high-margin, high-return segment. Now, with the cross-company synergies inherent as a new part of Goodrich, the Engineered Industrial Products segment is positioned to deliver even greater value.
In 2000, its first full year as part of the company following the 1999 Coltec merger, this segment was focused on continued integration and delivering results in a tough business climate. At the same time, an experienced management team was put in place to shape the future by targeting growth opportunities in sealing technologies and compressor systems through new product introductions and market penetration, acquisitions and global expansion. Most important, the strengths of the Goodrich culture that created a leading global aerospace franchise are taking hold. New resources, processes and technological know-how, coupled with strong competencies in strategic planning, intelligent risk-taking and innovation, are making these good businesses even better.
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