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.”
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.