Wabtec
From Wikipedia, the free encyclopedia
| Wabtec Corporation | |
 |
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| Type | Public (NASDAQ: WAB) |
|---|---|
| Founded | 1999 via merger |
| Headquarters | Wilmerding, Pennsylvania |
| Key people | Alvaro Garcia-Tunon, President and CFO |
| Industry | Railroad |
| Products | air brakes shocks couplers compressers heating and cooling systems railway electronics |
| Revenue |  $1.06 billion USD |
| Employees | 5,600 |
| Website | www.wabtec.com |
Wabtec Corporation NYSE: WAB was formed in November 1999 when Westinghouse Air Brake Company (WABCO) merged with MotivePower Industries. Wabtec manufactures a broad range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new locomotives up to 4,000 horsepower (3 MW) and provides aftermarket services.
The original Westinghouse Air Brake was founded in 1869 by George Westinghouse shortly after he successfully demonstrated the first straight air brake systems to the railroad industry. Three years later, Westinghouse developed the first automatic air brake system, which had a built-in safeguard whereby the brakes on the entire train would apply automatically if the train should separate or if air pressure should escape due to leakage in the system. This system was first installed on a Pennsylvania Railroad passenger train in Pittsburgh in 1872, and its efficiency dramatically improved the safety and popularity of rail transportation in North America.
Throughout the 20th century, Westinghouse Air Brake maintained worldwide leadership in rail equipment technologies designed to improve the safety and productivity of customers in the transportation industries. In 1990, the company's assets and the WABCO name were purchased in a management buyout, and a new WABCO was created that went public in 1995.
MotivePower Industries began rebuilding locomotives for US railroads in the early 1970s. In 1991, the company initiated a strategy to expand its capabilities by acquiring various companies that manufactured and distributed locomotive parts. Each of the acquired companies provided value-added, engineered products and had leading market shares. The company went public in 1994.
Contents |
[edit] Markets
- Freight and passenger rail, transit, marine, power generation, off-highway equipment and industrial
- Products
- Brake subsystems and related products for locomotives, freight cars and passenger transit vehicles
- Electronic train-control equipment and systems
- Communications Based Train Management (CBTM)
- Electronic Train Management System (ETMS)
- New switcher and commuter locomotives
- Coupling, door control and air conditioning systems for transit vehicles
- Heat-exchange equipment for rail, marine, power generation, off-highway and industrial applications
- Services
[edit] Headquarters
1001 Air Brake Avenue
Wilmerding, PA, 15148
(15 minutes east of Pittsburgh)
[edit] People
[edit] Executive Management
- William E. Kassling — Chairman of the Board
- Alvaro Garcia-Tunon — Senior Vice President and Chief Financial Officer, Secretary
- Al Neupaver — CEO
[edit] Employees
About 40 manufacturing plants, service centers, and sales offices in the United States, Canada, Mexico, Europe, Asia, Australia, and South America employ about 4,300 people.
| Pittsburgh-based Corporations (Within the Pittsburgh Metro Area) |
|---|
| Pittsburgh-based Fortune 500 Corporations: U.S. Steel | PPG | H.J. Heinz | PNC Financial | Mellon Financial | WESCO International |
| Pittsburgh-based Fortune 1000 Corporations: Allegheny Energy | Consol Energy | Allegheny Technologies | Dick's Sporting Goods | Kennametal | American Eagle Outfitters | Wheeling-Pittsburgh Steel | Mylan |
| Pittsburgh-based Forbes Largest Private Companies: 84 Lumber | GNC | Giant Eagle | Sheetz |
| Externally owned, regionally based, and other Pittsburgh corporations: American Bridge | Ampco Pittsburgh | Bayer USA | Calgon Carbon | Dollar Bank | DQE Holdings | Eat'n Park | Federated Investors | FedEx Ground | GlaxoSmithKline | Guru.com | Highmark | iGate | Koppers | Michael Baker | Mine Safety Appliances | NOVA Chemicals | Oxford Development | Pittsburgh Brewing Company | Respironics | rue21 | University of Pittsburgh Medical Center | Vivisimo | Wabtec |
