Profile: Hardinge Inc (HDNG.OQ)

HDNG.OQ on NASDAQ Stock Exchange Global Select Market

11.26USD
26 Aug 2014
Price Change (% chg)

$-0.09 (-0.79%)
Prev Close
$11.35
Open
$11.35
Day's High
$11.35
Day's Low
$11.26
Volume
4,487
Avg. Vol
23,734
52-wk High
$16.00
52-wk Low
$11.17

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Hardinge Inc. (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metal-cutting machines. The Company supply high precision computer controlled metal-cutting turning machines, grinding machines, vertical machining centers, and accessories related to those machines. It has manufacturing facilities located in China, Switzerland, Taiwan, the United Kingdom and the United States. The grinding machines of its Kellenberger subsidiary are used to grind the inside and outside diameters of cylindrical parts. Its subsidiary, Jones & Shipman Grinding Limited, manufactures and distributes a range of grinding (surface, creep feed and cylindrical) machines used by a range of industries. In December 2012, the Company acquired Usach Technologies, Inc. In December 2013, the Company sold its Swiss Forkardt workholding operations.

The Company's machines can be used to produce parts from all of the standard ferrous and non-ferrous metals, as well as plastics, composites, and exotic materials. It produces machines for stock with option combinations for immediate delivery, as well as design and produce machines to specific customer requirements. In addition to its machines, the Company provides the necessary tooling, accessories. In addition, it offer a line of accessories, including workholding, toolholding, and other industrial support products, which may be used on both its machines and those produced by others.

The Company produces certain of its lathes, knee mills, and related products at its Elmira, New York plant. The Kellenberger grinding machines and related products are manufactured at its St. Gallen, Switzerland plant and Hauser and Tschudin products are produced at its Biel, Switzerland facility. The Jones & Shipman grinding machines are manufactured at its Leicester, England plant. It produce machining centers and lathes at its facilities in Hardinge Taiwan in Nan Tou, Taiwan, Hardinge Machine (Shanghai) Co., Ltd. in Shanghai, China, and Hardinge Precision Machinery (Jiaxing) Co., Ltd. in Jiaxing, China.

The Company competes with Mori-Seiki, Mazak, Okuma, Doosan, DMG, Haas, Studer, Toyoda, Shigiya, Moore Tool, Okamoto and Chevalier.

Company Address

Hardinge Inc

ONE HARDING DRIVE
ELMIRA   NY   14902
P: +1607.7342281

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