The Eastern Company
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The Eastern Company
The Eastern Company was set up in 1858 and now is headquartered in Naugatuck, Connecticut. The company operates in three segments: Industrial Hardware; Security Products; Metal Products. As of November, 2013 the company owns four main subsidiaries namely Eberhard Hardware Manufacturing Ltd. (Canada); Sesamee Mexicana (Mexico); World Lock Co. Ltd. (Taiwan); World Security Industries Co. Ltd. (Hong Kong). History * In 1858, B.B. Tuttle and J.H. Whittemore established Tuttle & Whittemore iron works. * During the American Civil War (1861 ~ 1865) the company' products sales grew dramatically. In 1887, the company changed its name to Naugatauk Malleable Iron Company until 1912 when the company was incorporated as Eastern Malleable Iron Company. * From 1930s to 1960s the company undergone an important revolution in its history. Dibble shut down four of the six plants and used about $800,000 to buy Cleveland's Eberhard Manufacturing Company in 1936. After that in 1944, Eastern bought t ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Marietta, Ohio
Marietta is a city in Washington County, Ohio, United States, and its county seat. It is located in Appalachian Ohio, southeastern Ohio at the confluence of the Muskingum River, Muskingum and Ohio Rivers, northeast of Parkersburg, West Virginia. As of the 2020 United States census, 2020 census, Marietta has a population of 13,385 people. It is the principal city of the Marietta Micropolitan statistical area, micropolitan area, which includes all of Washington County, and is the second-largest city in the Parkersburg–Vienna metropolitan area, Parkersburg–Marietta–Vienna combined statistical area. Founded in 1788 by pioneers to the Ohio Country, Marietta was the first permanent U.S. settlement in the newly established Northwest Territory, created in 1787, and what would later become the state of Ohio. It is named for Marie Antoinette, then Queen of France, in honor of France in the American Revolutionary War, French aid in the American Revolution. The area was inhabited by v ...
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Companies Established In 1858
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Chief Accounting Officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data. The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO, and FD is the level before reaching CFO. Legal requirement The ap ...
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Chief Financial Officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data. The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO, and FD is the level before reaching CFO. Legal requirement The ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Clamp (tool)
A clamp is a fastener, fastening device used to hold or secure objects tightly together to prevent movement or separation through the application of inward pressure. In the United Kingdom the term cramp is often used instead when the tool is for temporary use for positioning components during construction and woodworking; thus a C clamp, G cramp or a sash clamp but a wheel clamp or a surgical clamp. There are many types of clamps available for many different purposes. Some are temporary, as used to position components while fixing them together, others are intended to be permanent. In the field of animal husbandry, using a clamp to attach an animal to a stationary object is known as "rounded clamping." A physical clamp of this type is also used to refer to an obscure investment banking term, "fund clamps." Anything that performs the action of clamping may be called a clamp, so this gives rise to a wide variety of terms across many fields. Types Temporary These clamps (or cram ...
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Railway Coupling
A coupling or coupler is a mechanism, typically located at each end of a rolling stock, rail vehicle, that connects them together to form a train. The equipment that connects the couplers to the vehicles is the draft gear or draw gear, which must absorb the stresses of the coupling and the acceleration of the train. Throughout the history of rail vehicles, a variety of coupler designs and types have been developed worldwide. Key design considerations include strength, reliability, easy and efficient handling, and operator safety. Automatic couplers engage automatically when the cars are pushed together. Modern versions not only provide a mechanical connection, but can also couple brake lines and data lines. Different countries use different types of couplers. While North American railroads and China use Janney couplers, railroads in the former Soviet Union use SA3 couplers and the European countries use Scharfenberg coupler, Scharfenberg and Buffers and chain coupler, screw ...
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Timer
A timer or countdown timer is a type of clock that starts from a specified time duration and stops upon reaching 00:00. It can also usually be stopped manually before the whole duration has elapsed. An example of a simple timer is an hourglass. Commonly, a timer triggers an alarm when it ends. A timer can be implemented through hardware or software. ''Stopwatches'' operate in the opposite direction, upwards from 00:00, measuring elapsed time since a given time instant. '' Time switches'' are timers that control an electric switch. Hardware Mechanical Mechanical timers use clockwork to measure time. Manual timers are typically set by turning a dial to the time interval desired, turning the dial stores energy in a mainspring to run the mechanism. They function similarly to a mechanical alarm clock, the energy in the mainspring causes a balance wheel to rotate back and forth. Each swing of the wheel releases the gear train to move forward by a small fixed amount, causing t ...
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Hinge
A hinge is a mechanical bearing that connects two solid objects, typically allowing only a limited angle of rotation between them. Two objects connected by an ideal hinge rotate relative to each other about a fixed axis of rotation, with all other translations or rotations prevented; thus a hinge has one degree of freedom. Hinges may be made of flexible material or moving components. In biology, many joints function as hinges, such as the elbow joint. History Ancient remains of stone, marble, wood, and bronze hinges have been found. Some date back to at least Ancient Egypt, although it is nearly impossible to pinpoint exactly where and when the first hinges were used. In Ancient Rome, hinges were called cardō and gave name to the goddess Cardea and the main street Cardo. This name cardō lives on figuratively today as "the chief thing (on which something turns or depends)" in words such as ''cardinal''. According to the Oxford English Dictionary, the English word ''h ...
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Latch (hardware)
A latch or catch (called sneck in Northern England and Scotland) is a type of mechanical fastener that joins two or more objects or surfaces while allowing for their regular separation. A latch typically engages another piece of hardware on the other mounting surface. Depending upon the type and design of the latch, this engaged bit of hardware may be known as a ''keeper'' or ''strike''. A latch is not the same as the locking mechanism of a door or window, although often they are found together in the same product. Latches range in complexity from flexible one-piece flat springs of metal or plastic, such as are used to keep blow molded plastic power tool cases closed, to multi-point cammed latches used to keep large doors closed. Common types Deadbolt latch A deadbolt latch is a single-throw bolt. The bolt can be engaged in its strike plate only after the door is closed. The locking mechanism typically prevents the bolt from being retracted by force. Spring latches * ...
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Ohio
Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Of the 50 List of states and territories of the United States, U.S. states, it is the List of U.S. states and territories by area, 34th-largest by area. With a population of nearly 11.9 million, Ohio is the List of U.S. states and territories by population, seventh-most populous and List of U.S. states and territories by population density, tenth-most densely populated state. Its List of capitals in the United States, capital and List of cities in Ohio, most populous city is Columbus, Ohio, Columbus, with the two other major Metropolitan statistical area, metropolitan centers being Cleveland and Cincinnati, alongside Dayton, Ohio, Dayton, Akron, Ohio, Akron, and Toledo, Ohio, Toledo. Ohio is nicknamed th ...
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