Toromont
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This article is orphaned as few or no other articles link to it. Please help introduce links in articles on related topics. (November 2006) |
| Toromont Industries Ltd. | |
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| Type | Public |
| Founded | Concord, Ontario (1961) |
| Headquarters | Concord, Ontario |
| Key people | Robert M. Ogilvie, President, CEO and Chairman of the Board Wayne S. Hill, Executive Vice President Michael P. Cuddy, Vice President and CIO |
| Industry | Heavy equipment |
| Products | Industrial Machinery & Equipment Distribution |
| Revenue |  $1.600 billion CAN (2005) |
| Employees | 4,400 (2005) |
| Website | Toromont.com |
Toromont Industries Ltd. (TSX: TIH) is an Industrial Machinery & Equipment Distribution company based in Concord, Ontario. The company operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world’s largest Caterpillar dealerships in addition to rental operations. The Compression Group specializes in the design, engineering, fabrication, and installation of compression systems for natural gas, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both groups also offer product support capabilities. Toromont Industries employs approximately 4,400 people in more than 115 locations.
The main Toromont plant is located at the southwest corner of Jane Street and Highway 7 in Vaughan. This location is mostly inside the core of the Vaughan Corporate Centre and therefore does not fit at all with the City of Vaughan's new plans for development. The plant is heavy industrial whereas the Vaughan Corporate Centre's plans call for small, low-rise office buildings and retail establishments, situated on small city-sized blocks. However, neither Toromont nor the City of Vaughan has publicly stated whether the plant will soon close down and/or be relocated.
[edit] Corporate governance
Current members of the board of directors of Toromont Industries are: Robert M. Ogilvie, Wayne S. Hill, John S. McCallum, Robert M. Franklin, Ronald G. Gage, H. Stanley Marshall, and David A. Galloway.
