EMD Celebrates 5 Year Milestone

Thursday, April 08, 2010

Over 1,400 employees gathered at EMD’s headquarters and manufacturing campus in La Grange, Ill. to celebrate the company’s fifth year of independence since being spun off from General Motors Corporation in April 2005. 

Honored guests included U.S. Congressional Representatives Dan Lipinski and Judy Biggert, along with Mayor Jeffrey Tobolski of McCook and Mayor Robert A. Conrad of the town of Countryside.

A variety of activities were held to mark the occasion including a formal program that featured the remarks of EMD’s president and chief executive officer, John S. Hamilton.

Hamilton observed, “Five years ago there were feelings of uncertainty regarding the future of the organization.  Employees who had worked their entire careers at GM did not quite know what to expect as there were many challenges facing the Company.” 

“There is little doubt that had EMD remained under GM ownership that the story today would be quite different.”  Hamilton went on to describe EMD as arguably the most successful of all GM spin-offs despite the effects of the great recession. 

Over the past five years, EMD has increased investment in R&D, nearly tripled capital expenditures upgrading its factories with state-of-the-art equipment, doubled revenues, increased exports five-fold and grown its labor force and supplier base significantly.

“EMD is an iconic American high-technology manufacturing company that has transformed itself into one of the true success stories in heavy manufacturing,” Hamilton said. 

“EMD’s ability to successfully navigate through a period of extraordinary economic turmoil is a testament to the talent and hard work of the investors and managers who have revitalized this once-dominant company since purchasing it from General Motors,” Congressman Lipinski said. “EMD’s performance over the last five years furnishes yet more proof that with dedication, foresight, and the proper investment, American manufacturing has what it takes to thrive in today’s global economy. I congratulate EMD and its employees, and I look forward to watching it build on its storied past and continue growing as a major employer in the Third District for many years to come.”

www.EMDiesels.com

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People in the News

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

Frontline Disappoints with Deeper 3Q Loss

Frontline, once the world's biggest crude oil tanker company, reported a bigger than expected third-quarter loss on Tuesday and said it is still considering options

Greece Deploys Frigate to Stricken Rescue Ship

Greece has sent a frigate to rescue a container ship believed to carrying hundreds of undocumented migrants and in distress off its southern island of Crete, the Greek coastguard said on Tuesday.

 
 
Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1279 sec (8 req/sec)