Coltec to Relocate Ortman Unit, Close Indiana Plant.CHARLOTTE, N.C.--(BUSINESS WIRE)--July 8, 1997--Coltec Industries (NYSE NYSE See: New York Stock Exchange :COT) will relocate its Ortman Fluid Power business from its facility in Hammond, Indiana Hammond (IPA: [ˈhæ.mənd]) is a city in Lake County, Indiana, United States. It is part of the Chicago metropolitan area. The population was 83,048 at the 2000 census. , into the Quincy Compressor Division plant in Quincy, Illinois Quincy, known as the "Gem City", is a medium sized city in Adams County, Illinois, United States. The population was 40,366 at the 2000 census. The city also serves as the county seat of Adams County. . This move is scheduled to be completed in late October, at which time the Hammond plant will be closed. Eighty-three active employees will be affected in Hammond. John W. Guffey, Jr., chairman, president and chief executive officer, said, "Placing the two businesses in one facility will enable both to benefit from related manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. and combined computer systems. While Ortman will retain its own identity, it will become more efficient in Quincy's modern manufacturing facility. It will benefit from Quincy's larger and more fully developed advertising and marketing operations as well as its superior global distribution network." Both the Ortman Fluid Power operation and Quincy's reciprocating compressor A reciprocating compressor is a compressor that uses pistons driven by a crankshaft to deliver gases at high pressure.[1] [2] The intake gas enters the suction manifold, then flows into the compression cylinder where it gets compressed by a piston business will report to Gary H. Valvo, 43, who has been named vice president and general manager, reciprocating compressor products and Ortman Fluid Power. Mr. Valvo, who reports to Kenneth J. Rollins, division president, joined Quincy in 1986 as director of sales and became vice president of sales in 1988 and vice president of sales and marketing in 1990. Prior to joining Quincy, Mr. Valvo had increasingly responsible positions in sales and marketing at Ingersoll-Rand Co. for 10 years. Earlier in his career, he was an auditor with Coopers & Lybrand. He was awarded a bachelor of business administration “BBA” redirects here. For other uses, see BBA (disambiguation). The Bachelor of Business Administration (BBA) is a bachelor's degree in business studies. degree in 1975 in accounting from Iona College Iona College may refer to:
Ortman Fluid Power manufactures hydraulic and pneumatic cylinders that are used in a wide range of industrial and commercial applications. Quincy Compressor produces reciprocating and rotary screw compressors. Coltec Industries is a diversified manufacturing company serving primarily aerospace and general industrial markets. CONTACT: Coltec Industries Michael Dunn, 704/423-7060 |
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