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Bucyrus International
Bucyrus-Erie was an American surface and underground mining equipment company. It was founded as Bucyrus Foundry and Manufacturing Company in Bucyrus, Ohio, in 1880. Bucyrus moved its headquarters to South Milwaukee, Wisconsin, in 1893. In 1927, Bucyrus merged with the Erie Steam Shovel Company to form Bucyrus-Erie. In 1997, it was renamed Bucyrus International, Inc. In 2010 the enterprise was purchased by Caterpillar, Inc., Caterpillar in a US$7.6 billion ($8.6 billion including net debt) transaction that closed on July 8, 2011. At the time of its acquisition, the Bucyrus product line included a range of material removal and material handling products used in both surface and underground mining. History 1880-1927 Bucyrus was an early producer of steam shovels in its Bucyrus, Ohio headquarters and manufacturing facility. In 1893, Bucyrus moved its operations to South Milwaukee, Wisconsin. In 1904 Bucyrus supplied 77 of the 102 steam shovels used to dig the Panama Canal. These ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Roosevelt And The Canal
Roosevelt most often refers to two American presidents: * Theodore Roosevelt (1858–1919, president 1901–1909), 26th president of the United States * Franklin D. Roosevelt (1882–1945, president 1933–death), 32nd president of the United States It may also refer to: Education United States * Eleanor Roosevelt College, University of California, San Diego * Roosevelt University, Illinois, a private university with campuses in Chicago and Schaumburg * Roosevelt High School (other) * President Theodore Roosevelt High School, Honolulu, Hawaii * Roosevelt Junior High School (other) * Roosevelt Middle School (other) * Roosevelt Elementary School (other) * Roosevelt Intermediate School, Westfield, New Jersey * Roosevelt School (other), various school buildings on the National Register of Historic Places * Roosevelt School District (other) Elsewhere * Roosevelt Institute for American Studies, a research institute and gra ...
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Bucyrus Erie - Geograph
Bucyrus may refer to: Places in the United States * Bucyrus, Kansas * Bucyrus, Missouri * Bucyrus, North Dakota * Bucyrus, Ohio * Bucyrus Township (other) Other uses * Bucyrus International Bucyrus-Erie was an American surface and underground mining equipment company. It was founded as Bucyrus Foundry and Manufacturing Company in Bucyrus, Ohio, in 1880. Bucyrus moved its headquarters to South Milwaukee, Wisconsin, in 1893. In 1927, ...
, a mining and earth-moving equipment manufacturer, now owned by Caterpillar, Inc. {{disambiguation, geo ...
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Ransomes & Rapier
Ransomes & Rapier was a major United Kingdom, British manufacturer of railway equipment and later cranes, from 1869 to 1987. Originally an offshoot of the major engineering company Ransomes, Sims & Jeffries, Ransome's it was based at Waterside Works in Ipswich, Suffolk. Ransome's split Ransomes & Rapier was formed in 1869 when four engineers, James Allen Ransome (1806–1875), his elder son, Robert James Ransome (c.1831–1891), Richard Christopher Rapier (1836–1897) and Arthur Alec Bennett (1842–1916), left the parent firm by agreement to establish a new firm on a site on the River Orwell to continue the business of manufacturing railway equipment and other heavy works. The year before J. A. Ransome's younger son, Allen Ransome (1833–1913), founded the saw-milling machinery business, A. Ransome & Co, in Chelsea London with a foundry in Battersea. These businesses, transferred to Newark-on-Trent in 1900, led at the outset of World War I to Ransome & Marles now part of N ...
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Houston, Texas
Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of Harris County, Texas, Harris County, as well as the principal city of the Greater Houston metropolitan area, the fifth-most populous metropolitan statistical area in the United States and the List of Texas metropolitan areas, second-most populous in Texas after Dallas–Fort Worth metroplex, Dallas–Fort Worth. With a population of 2,314,157 in 2023, Houston is the List of United States cities by population, fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the List of North American cities by population, sixth-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the List of United S ...
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Orenstein & Koppel
Orenstein & Koppel (normally abbreviated to "O&K") was a major German engineering company specialising in railway vehicles, escalators, and heavy equipment. It was founded on April 1, 1876, in Berlin by Benno Orenstein and Arthur Koppel. Originally a general engineering company, O&K soon started to specialise in the manufacture of railway vehicles. The company also manufactured heavy equipment and escalators. O&K pulled out of the railway business in 1981. Its escalator-manufacturing division was spun off to the company's majority shareholder at the time, Friedrich Krupp AG Hoesch-Krupp, in 1996, leaving the company to focus primarily on construction machines. The construction-equipment business was sold to New Holland Construction, at the time part of the Fiat Group, in 1999. Founding and railway work The Orenstein & Koppel Company was a mechanical-engineering firm that first entered the railway-construction field, building locomotives and other railroad cars. First fou ...
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Terex
Terex Corporation is an American company and worldwide manufacturer of materials processing machinery, waste and recycling equipment, mobile elevating work platforms, and equipment for the electric utility industry. Terex does business in the Americas, Europe, Australia and Asia Pacific. Corporate history The origins of Terex date to 1933, when the Euclid Company was founded by George A. Armington to build hauling dump trucks. In 1953, General Motors purchased Euclid, expanding the business to include more than half of all U.S. off-highway dump truck sales. Due to a 1968 Justice Department ruling, GM was required to stop manufacturing and selling off-highway trucks in the United States for four years and divest the Euclid brand. GM coined the "Terex" name in 1968 from the Latin words "terra" (earth) and "rex" (king) for its construction equipment products and trucks not covered by the ruling. General Motors sold the Terex division to German firm IBH Holding AG led by Horst-D ...
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Herne, Germany
Herne () is a city in North Rhine-Westphalia, Germany. It is located in the Ruhr area directly between the cities of Bochum, and Gelsenkirchen. History Herne (ancient Haranni) was a tiny village until the 19th century. When the mining of coal (and possibly ore) and the production of coke (the fuel processed from the harvested coal) and steel began, the villages of the Ruhr area had an influx of people, mostly from the east of Germany. Herne is located on the direct axis between Bochum to the south and Recklinghausen to the north, with Münster in the north, Gelsenkirchen to the west, and Castrop-Rauxel and Dortmund to the east. The physical border between Herne and Recklinghausen is the bridge at the Bochumer Strasse across the Rhine–Herne Canal. A little further north of the canal flows the Emscher river, with the former abundance of wild horses that were caught in the Emscher Valley (Emschertal), then sold and/or traded at the yearly horse market at Crange, which later ...
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RAG AG
RAG AG, formerly Ruhrkohle AG, is the largest German coal mining corporation. The company headquarters are in Essen in the Ruhr area. The company was founded on 27 November 1968, consolidating several coal mining corporations into the Ruhrkohle AG. On 12 September 2007 as a result of restructuring, the business areas of chemicals, energy and real estate were transferred to the new business entity Evonik Industries AG. Today, Evonik Industries are majority owned by the ''RAG-Stiftung'' (English: ''RAG-Foundation''), which uses corporate profits to finance the costs that arise due to the former mining activities in the Ruhr region. The foundation plans on using about 220 million euro per year from 2019 to maintain abandoned coal mines, which mainly involves pumping out the ground water that destabilises tunnels. Since its board of trustees is dominated by federal and regional government officials as well as unions, RAG Foundation is also keen to secure Evonik's more than 20,000 ...
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Marion Power Shovel
Marion Power Shovel Company was an American firm that designed, manufactured and sold steam shovels, power shovels, blast hole drills, excavators, and dragline excavators for use in the construction and mining industries. The company was a major supplier of steam shovels for the construction of the Panama Canal. The company also built the two crawler-transporters used by NASA for transporting the Saturn V rocket and later the Space Shuttle to their launch pads. The company's shovels played a major role in excavation for Hoover Dam, the Holland Tunnel and the extension of the Number 7 subway line to Main Street in Flushing, Queens. Founded in Marion, Ohio in August, 1884 by Henry Barnhart, Edward Huber and George W. King as the Marion Steam Shovel Company, the company grew through sales and acquisitions throughout the 20th century. The company changed its name to Marion Power Shovel Company in 1946 to reflect the industry's change from steam power to diesel power. The c ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ...
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