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Foundry Products Operations
Foundry Products Operations was a subsidiary operation of the Cincinnati Milling Machine Company (CMM), a company which no longer exists. Some parts of the company evolved into the present Milacron, Inc. and Cincinnati Machine. CMM relied heavily on castings for the manufacturing of its machine tool products. The castings were produced at Cincinnati foundries owned by CMM (and later, Milacron, Inc.) and at foundries independent of CMM, between 1907 and 1988. History Beginnings of CMM reliance on castings In 1884 the Cincinnati Screw and Tap Company was incorporated. The company was in the business of making screws and Tap and die, taps, but also began to make machine tools. A basic component in machine tools at this time was gray iron castings. The company bought castings from jobbing foundries for the machine tools it manufactured. Some of the Cincinnati local foundries which supplied to the machine tool company included the Blackburn Foundry, Buckeye Foundry Company, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |