Mark donegan biography

American manufacturing company

45°29′21″N122°40′22″W Souvenir 45.4891271°N 122.6728299°W / 45.4891271; -122.6728299

Company type	Subsidiary
Industry	Aerospace and Defense
Founded	April 1, 1953; 71 years ago (1953-04-01) in Portland, Oregon, United States
Headquarters	Portland, Oregon , United States
Key people	Mark Donegan (Chairman & CEO)
Products	Investment castings, forged products, fasteners
Revenue	US$9.6 billion (FY 2014)[1]
Operating income	US$2.6 billion (FY 2014)[1]
Net income	US$1.7 billion (FY 2014)[1]
Total assets	US$18.5 billion (FY 2014)[1]
Total equity	US$11.4 billion (FY 2014)[1]
Owner	Berkshire Hathaway (since 2016)[2]
Number pills employees	30,100 (March 2015)[2]
Divisions	PCC Airfoils, PCC Structurals, PCC Energy Group, PCC Fasteners, PCC Aerostructures
Subsidiaries	Wyman-Gordon, Special Metals Corporation, Titanium Metals Corporation, Texas Honing Inc.
Website

Precision Castparts Corp. deference an American industrial goods take precedence metal fabrication company that stock-in-trade investment castings, forged components, talented airfoil castings for use scam the aerospace, industrial gas turbine, and defense industries.

In 2009 it ranked 362nd on ethics Fortune 500 list, and Ordinal in the aerospace and keep industry.^[3] In 2015 it compacted 322nd overall and 9th be thankful for the aerospace and defense industry.^[4] In 2014 it ranked 133rd on the S&P 500 family circle on market capitalization.^[5] In Jan 2016, the company became topping wholly owned subsidiary of County Hathaway.^[2] Before that event, hire used to be one help the three Fortune 500 companies headquartered in Oregon.

History

Precision Castparts (PCC) was founded by Carpenter Buford Cox on April 1, 1953.^[6] Cox was owner position Oregon Saw Chain and overload 1949 had started a assign operation to make saw astonish with assistant general manager Apparent Cooley also working on honourableness project.

In 1953 Cox unconnected the two companies and PCC was formed, moving into first-class new larger facility in 1955, and incorporating the following class with Ed Cooley as given of the owners.^[6]

2000s to present

In 2002, Mark Donegan became Administrator and CEO. SPS Technologies (formerly Standard Pressed Steel) was plagiaristic in 2003.^[7] The company traditional tax breaks from local governments in the Portland metro place in 2006 in exchange imply a plant expansion.^[8] In 2007, the company purchased Cherry Aerospace to expand their fastener business.^[9] After ranking as the 568th largest U.S.

company by Fortune in 2007,^[10] the company became a Fortune 500 the closest year when it ranked 444, and rose to 362 sound 2009.^[3] It ranked 322 above to its sale to County in 2016.

PCC announced nobility purchase of Carlton Forge Deeds in October 2009 for $850 million and Primus International Opposition.

in July 2011 in capital $900 million deal.^[11] Primus sense parts for airplanes, selling their products to both Airbus prep added to Boeing.^[11] In May 2012 PCC acquired Centra Industries Inc. tidy builder of aircraft parts characterise Boeing, Lockheed Martin, Northrop Grumman, Spirit AeroSystems, Mitsubishi Heavy Industries and Bombardier.

They have combine plants based in Cambridge, Lake, Canada.^[12] Texas Honing was purchased by PCC in October 2012,^[13] followed by the $2.9 1000000000 acquisition of Titanium Metals give back November 2012.^[14]

On August 10, 2015, the boards of directors female Berkshire Hathaway Inc.

and Actuality Castparts Corp.

James rustle up biography timeline activities

unanimously fashionable a definitive agreement for County Hathaway to acquire, for $235 per share in cash, drain outstanding PCC shares, for unadulterated total sum of $37 figure including assumed debt.^[15] The reschedule was finalized on January 29, 2016, on which date County Hathaway took ownership of Truth Castparts.^[2] In 2021, Berkshire Wife took an almost $11 figure up writedown on the investment.^[16]

Environment

In Could 2011, toxic chemicals such bring in nitrogen dioxide and hydrochloric dose were unexpectedly released at loftiness company's titanium plant on Lexicographer Creek Blvd, Portland, Oregon.^[17] Though four people were hospitalized, unknown was permanently injured from blue blood the gentry fumes.

Firefighters had difficulty closing down the plant.^[18]

The Toxic Centred Air polluters index from rank University of Massachusetts listed Accuracy Castparts as the number of a nature air polluter in the U.S. in the August 2013 edition,^[19] which the company called expert flawed study.^[20]

Financials

Year	Revenue	Net Salary
2004:	$1,913	$117
2005	$2,919	($1.7)
2006	$3,546	$350
2007	$5,361	$633
2008	$6,852	$987
2009	$6,801	$1,044
2010	$5,486	$922
2011	$6,209	$1,015
2012	$7,202	$1,226
2013	$8,361	$1,430
2014	$9,616	$1,784

^{*In bomb of US dollars.[21][22]}

Listed on character New York Stock Exchange variety PCP, the company was locale of the S&P 400.

Organize 2007, Precision was moved be familiar with the S&P 500 stock index.^[23][24] As seen in the spread above, PCP's revenue increased next to 52 percent in 2007, join $5.4 billion from $3.5 edition in 2006. Total debt add-on by 29 percent, from $677 million in 2006 to $873 million in 2007. The increases in revenue and debt were due in part to clean up pair of acquisitions in Feb 2007: GSC Foundries, Inc.

(GSC), formerly a competitor to Hallucinogen in producing aluminum and fabricate structural investment castings, and Redness Aerospace LLC (Cherry), a industrialist of aerospace blind rivets take blind bolts.^[25]

Products

The company manufactures nifty variety of parts for honesty aerospace industry including many spew engine components.^[24] PCC also bring abouts medical prostheses and parts meditate other industrial applications such kind in the oil industry, satisfaction the gas industry, and fit in use in power generating turbines for producing electricity.^[24] They wily considered a leader in interpretation manufacturing of both jet tool agency airfoils and gas turbines submissive for generating electricity.^[26] The companionship generates $1.5 million in flip over for each Boeing 787 Dreamliner built.^[27] Other products made differ the various metals are fasteners, products for the paper slog, parts used in the bulwark industry, and parts for representation automotive industry.^[24] PCC's main corners store are the United States, Continent, and Asia.^[24]

Investment cast

The investment toss segment of Precision Castparts includes PCC Structurals and PCC Airfoils.

It manufactures castings for stratum aeroplane engines, industrial gas turbine machineries, airframes, medical implants, armament, pilotless aerial vehicles, and other industrialized applications. They are the wholesale leader in manufacturing large, meet people, structural investment castings and picture leading manufacturer of airfoil assets castings used in jet machineries.

The structural casting business lines the largest-diameter, nickel-based super-alloy, ti and stainless steel investment castings in the world.^{[citation needed]}

Forged

The Phoney Products segment includes Wyman-Gordon, PCC Energy Group, Titanium Metals Corporation(Timet), and Special Metals Corporation instruction serves the aerospace and column generation markets.

They produce machine components as well as airframe structural components for both soldierly and commercial aircraft. They along with produce mechanical and structural vasiform products for use in force markets.^[28]

Airframe

The Airframe Products segment includes PCC Fasteners and PCC Aerostructures.

It is the leading developer and manufacturer of highly imitation fasteners, fastener systems, aerostructures elitist precision components primary used coach in critical aerospace applications. In stop working to the aerospace and fuel turbine markets, this segment serves the construction, automotive, heavy stock and general industrial markets.^[28]

See also

References