CLEVELAND, Oct 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Parker Hannifin (NYSE: PH), the Cleveland-based global supplier of motion and control systems and technologies, has been ranked number seven in Quality magazine's 'Top 100 in Quality' survey. The survey recognizes Parker as a top company that improves processes, empowers workers and satisfies customers through quality and process improvement initiatives.
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Quality's Top 100 list features companies that lead their respective industries, balancing quality issues and meeting customer demands, and make substantial investments in quality technology and people. All companies continually strive to make product and process improvements to maintain high- quality products and services.
"We're honored to receive this recognition. As an organization we've worked diligently to implement lean manufacturing strategies across the board," said Don Washkewicz, Parker Hannifin's President and Chief Executive Officer. "This award is a testament to the dedication and hard work of our employees, as well as our continuous commitment to our customers and shareholders."
With annual sales exceeding $7 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 48,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com , or its investor information site at http://www.phstock.com .
Quality is a monthly business publication serving the quality assurance and process improvement needs of more than 64,000 manufacturing professionals. For more information, visit http://www.qualitymag.com .
SOURCE Parker Hannifin Corporation
Lorrie Paul Crum, VP - Corp. Communications of Parker Hannifin Corporation, +1-216-896-2750, or lcrum@parker.com
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