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Link-Belt Construction Equipment
Link-Belt Cranes is an American industrial company that develops and manufactures heavy construction equipment, specializing in telescopic and lattice boom cranes. Link-Belt is headquartered in Lexington, Kentucky, and is a subsidiary of the Japanese conglomerate, Sumitomo Heavy Industries. History The Link-Belt Construction Equipment Company was founded as Link-Belt Machinery Company in 1880 by William Dana Ewart. Ewart was a farm implement dealer in Belle Plaine, Iowa. Ewart conceived the idea of a square detachable chain belt system for use in the harvester equipment, for which he obtained a patent on an "improvement in drive-chain", on September 1, 1874. In 1939, Link-Belt Co. purchased the Speeder Machinery Corporation, a crane-shovel manufacturer in the 3/8 yard to 3/4 yard capacity range. Speeder had introduced the first wheel mounted excavator, in 1922. Link-Belt's Crane and Shovel Division merged with Speeder Machinery to form the Link-Belt Speeder Corporation, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wholly-owned Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |