United States

Profile: Hardinge Inc (HDNG.OQ)

HDNG.OQ on NASDAQ Stock Exchange Global Select Market

9 Dec 2016
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Hardinge Inc. (Hardinge), incorporated on December 24, 1937, is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines. The Company also engineers and supplies high precision, standard and specialty workholding devices, and other machine tool accessories. The Company operates through two segments: Metalcutting Machine Solutions (MMS), and Aftermarket Tooling and Accessories (ATA). The MMS segment includes high precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, and grinding machines. The ATA segment includes products, primarily collets and chucks that are purchased by manufacturers throughout the lives of their Hardinge or other branded machines. It has manufacturing facilities located in China, Switzerland, Taiwan, Germany, France, India, the United Kingdom and the United States.

The Company produces certain of its lathes, knee mills and related products at its Elmira, New York plant. The Kellenberger, and Voumard 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. The Usach grinding machines are manufactured at its Elgin, Illinois plant. The Company produces machining centers and lathes at its Hardinge Taiwan facility in Nan Tou, Taiwan and at its Hardinge Precision Machinery (Jiaxing) Company, Ltd. facility in Jiaxing, China. The Company's Forkardt and Hardinge branded ATA segment's products and solutions are engineered and produced in its plants located in Traverse City, Michigan; Elmira, New York; Reutlingen, Germany; Noisy le Sec, France; Hyderabad, India, and Shanghai, China.

Metalcutting Machine Solutions (MMS)

The Company's MMS segment includes operations related to grinding, turning, and milling and related repair parts. The grinding machines of its Kellenberger subsidiary are used to grind the inside and outside diameters of cylindrical parts. The Company's Kellenberger precision grinding technology is complemented by its Hauser, Tschudin, Jones & Shipman, Usach and Voumard grinding brands. Hauser machines are jig grinders used to make contour components primarily for tool and mold-making applications. Tschudin product technology is focused on the specialized grinding of cylindrical parts. Its Tschudin machines are equipped with automatic loading and unloading mechanisms. The Company's Jones & Shipman brand represents a line of grinding (surface, creep feed, and cylindrical) machines. The Usach and Voumard machines are internal diameter cylindrical grinding systems used in production and job shop environments. The Company supplies a line of machining centers under its Bridgeport brand name addressing a range of sizes, speeds and powers. In addition to its machines, Hardinge provides tooling, accessories and support services.

Aftermarket Tooling and Accessories (ATA)

The Company's ATA segment includes products that are purchased by manufacturers throughout the lives of their machines. The two primary product groups in ATA segment are collets and chucks. Collets are cone-shaped metal sleeves used for holding circular or rod like pieces in a lathe or other machine that provide part holding and part location during machining operations. Chucks are a specialized clamping device used to hold an object with radial symmetry, especially a cylindrical object. Chucks are used to hold a rotating tool or a rotating work piece. The Company offers a line of workholding and toolholding solutions, which are used on various types and brands of metalcutting machines, as well as non-traditional uses in various industrial applications.

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

Company Address

Hardinge Inc

One Hardinge Drive
ELMIRA   NY   14902
P: +1607.7342281
F: +1607.7343886

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