Atlas Copco opens NASDAQ trading day
CEO rings opening bell to mark company's 140th anniversary
Atlas Copco CEO Ronnie Leten marked the company’s 140thanniversary by ringing the opening bell at the NASDAQ MarketSite in New York’s Times Square at 9:15 a.m. EST on Feb. 21.
The bell ringing signifies not only the beginning of the day’s trading, but also the start of a yearlong celebration for the company. Leten will be accompanied at the event by Maureen Ellis, an employee celebrating more than 40 years with Atlas Copco in the United States, select customers, and other company management and stakeholders.
Atlas Copco has customers in over 170 countries. In the United States alone Atlas Copco has 109 locations, 1.7 million sq.-ft. of manufacturing, production, distribution and office space, employs more than 4,600 people and works with hundreds of carefully selected distributors. North America operations generated more than $2.8 billion in annual revenue in 2012.
“From our beginning in 1873 as a manufacturer of products for the railroad industry, we have expanded and adapted to hold world-leading positions in compressed air and gas equipment, construction and mining equipment, industrial tools and assembly systems,” said Jim Levitt, president of Atlas Copco North America. “The United States is the group’s largest single market and North America contributes about one-fifth of our overall revenue. The best way to celebrate 140 years in business is to acknowledge the customers that make it possible. We sincerely thank each and every one of them for their business.”
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.