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SUN Remanufacturing Co history
SUN Remanufacturing Co company history timeline
Chevron Corporation Chevron Corporation, United States petroleum corporation that was founded through the 1906 merger of Pacific Oil Company and Standard Oil Company of Iowa.
In 1916, the Sun Shipbuilding and Dry Dock Company was established.
Since 1919, Cummins has turned challenges into opportunities, always looking for new solutions to power a more prosperous world.
3, 1919, in Columbus, Indiana (USA), the company would forever change the trajectory of diesel innovation.
Utilizing Clessie Cummins' patented direct-injection design from 1921, the Model F engine is the beginning of a long history of innovation.
On November 12, 1925, Sun Oil Company went public – its stock appearing for the first time on the New York Stock Exchange.
The five companies had combined net sales of $9.4 million and net income of $1.3 million in 1928.
The General Printing Ink Corp. was organized in 1929 from the merger of five companies.
Before the decade was over, Sun was in the oilfield equipment business with the 1929 formation of Sperry-Sun, a joint venture with Sperry Gyroscope.
On May 21, 1937, J. Irwin Miller stands before workers to support their right to unionize but oppose an effort by a national union.
Pictured is a photo of Cummins leaders standing with a VL12 in 1937.
General Printing Ink had net income of $1 million in 1940 on sales of $10.6 million.
Always striving to produce better products, Sun got into the mining business in 1941, forming the Cordero Mining Company in Nevada to supply mercury for Sunoco motor oils.
In 1945 the company was renamed the Sun Chemical Corp., reflecting its broadened range of interests.
By 1950 Sun Chemical was divided into groups for graphic arts, paint, industrial finishes, and chemicals, and into divisions for pigments, electro-technical products, and overseas.
On the forefront of marketing and design, Cummins’ 1952 annual report expresses the advantages of its new company trademark: “In order to obtain maximum product identity, this modern trademark has been developed.
A management committee was established in 1953 to administer corporate policy.
During 1954 Sun consolidated its products and selling organizations into three groups: chemicals (principally waxes); graphic arts; and structural waterproofing, paints, and products finishing.
With 32 divisions and subsidiaries in 1954 and, in addition to its manufacturing plants, 30 warehouses and 60 sales offices, Sun Chemical was a sprawling giant difficult to keep under control.
1954: The company restructures, consolidating into three groups: chemicals; graphic arts; and structural waterproofing, paints, and products finishing.
Norman Alexander was president of Ansbacher-Siegle Corp., a producer of organic pigments for inks, paints, plastics, and cosmetics, when he acquired control of Sun Chemical, becoming its president in 1957.
By the end of 1960 Sun Chemical held 15 wholly owned active subsidiaries, including two in Canada and one in Venezuela.
Three years later, the Foundation makes its first grant to support architecture fees for the Lillian C. Schmitt Elementary School (pictured), as part of the Architecture Program, which became a formal part of the Foundation in 1960.
In 1963 it introduced its Permafresh 183 glyoxal-based resin for the Koratron permanent-press process and carbonate-type resins for white goods.
In 1964, the Cummins ticker symbol would appear on the New York Stock Exchange for the first time (as pictured).
A second Mexican factory, opened in 1965, was the largest ink plant in Latin America.
By 1966, when Sun was spending between 2.5 and 3 percent of its annual sales on research, the research center housed 90 scientists and technicians.
By 1966 it had added joint ventures in Italy, Spain, and Japan to its international interests.
Alexander, who now owned 34 percent of the company (compared to about 20 percent in 1966), had acquired more than 20 companies since taking charge of Sun and was engaged in his biggest takeover scheme, a contest for control of Chromalloy American Corp., three times the size of Sun Chemical.
In 1970, Michael Cardone, Sr. and Michael Cardone, Jr. opened Cardone Industries in a North Philadelphia storefront.
Sun Chemical had sales of $121.9 million in 1971.
At the end of 1972 Sun acquired Standard Kollsman Industries Inc., a manufacturer of automotive parts, optical and aviation instruments, and electronic components, in a transaction valued at about $10.3 million in common stock.
Graphic arts materials and equipment accounted for two-thirds of all sales in 1974, by which time a Graphic Systems Group had been added to the company's operations.
In 1975, Cummins is one of the first American companies to pursue business in China.
In August 1976, Sun bought Walter Norris, a distributor of hydraulic and pneumatic controls.
Enthusiastic investors bid Sun Chemical's stock from about $11 to $27 a share in 1976, one of the best performances on the New York Stock Exchange that year.
At the end of 1977, Sun had sales of $20 million.
Sun's steady string of acquisitions continued in March 1978, when the company paid $3.6 million for the Atlas Screw & Specialty company.
Sun Chemical purchased a 5.2 percent interest in Chromalloy in February 1979, increasing its share to 18 percent before the end of the year.
Sun Machinery Company began in November 1980 when David Gray, the late Donald “Bud” Chase, and the late J. Chris Swift co-founded the company in Columbia, SC. Starting out with the RAYGO WAGNER Company in Portland, OR, the company rented a facility in Columbia and opened its doors.
1980: Sun Chemical is the world's leading producer of printer's inks.
1982: Sun acquires 36 percent of Chromalloy American Corp., a large industrial conglomerate.
In 1982 it sold Sun Ship, the company that had engaged in shipbuilding and repair as well as the manufacture of heavy-industrial equipment.
Alexander sought to make the company the largest domestic pigment producer by 1983.
With a history of innovation and love of performance, Sun developed and released the market's highest octane unleaded gas, Sunoco ULTRA 94, in 1983.
In late May 1985, Sun bought the Keathley-Patterson Electric Company, Inc.
In the following year, the Sun oil company decided to sell off its non-energy businesses, and the company announced that it was seeking a buyer for Sun Distributors in the late spring of 1986.
But by 1987, Cardone Industries was employing a Factory Family of 1,000.
As part of this process, Sun purchased Glass Related Products, Inc., in February 1988.
The Sun Exploration and Production Company, responsible for domestic oil and gas exploration, was spun off to form its own company in 1988.
In July 1990, Sun divested itself of an asset, selling the property of the Atlas Screw & Specialty Company.
Sun Manufacturing Co. was formed in December 1990 after acquiring the manufacturing assets of Horizon Machine Co.
1991: Sequa discontinues six business units due to poor sales.
At the end of 1992 Alexander owned 35.8 percent of Sequa's stock and controlled 49.1 percent of its voting power.
The remainder is acquired in 1992, making it a fully owned subsidiary for power systems.
Sequa reported a loss of $18.5 million for the second quarter of 1993 and suspended dividend payments for the foreseeable future.
By the start of 1993, Sun's efforts to restructure had helped to contribute to a record of steady growth.
Sequa's long-term debt was $590.6 million in mid-1994.
In the fall of 1994, Sun announced that it had completed the process of internal re-evaluation of its assets and options.
Demonstrating its long history of powering the recreational vehicle (RV) market, Cummins shipped its one millionth RV generator set in October of 1995.
The company's managers attributed this growth to a re-emphasis on service and the exploration of new markets, a necessary alternative to growth through acquisition, banned until 1995.
Named President and Chief Operating Officer in 1995, Tim Solso becomes Chief Executive Officer and Chairman of the Board of Directors.
The ISV5.0 engine makes its debut in the heavy-duty Nissan Titan pickup truck after initially being developed for the light-duty RAM as part of a United States Department of Energy demonstration program in 1996.
The year 1997 also saw an addition to Sequa's French-based Materiels Equipements Graphiques (MEG) through the purchase, from W.R. Grace & Co., of TEC Systems.
1998: Sequa sells its chemicals division.
The company changed its name to Sunoco, Inc., in 1998.
The chief operation in the specialty chemicals segment was Warwick International, which accounted for 14 percent of Sequa's sales and revenues in 1999.
1999: The company acquires Thermo Wisconsin.
Raised for children's hospitals and medical research since 2000
In the deteriorated economic climate that followed the September 11, 2001 terrorist attacks, the company suffered from downturns in virtually all of the markets it served.
In the early 21st century Sunoco’s prime business interests continued to be oil refinement and distribution, though it also entered the chemicals business in 2001 with the purchase of Aristech Chemical Corporation.
In 2004, Sunoco signed on as the Official Fuel of NASCAR®, and more recently IndyCar and the NHRA. In total, Sunoco is the official fuel of more than 50 racing series.
The company discontinued ULTRA 94 in 2005, after a solid 22-year run.
Officially adopted in 2006, EEEC enables employees at least four hours of company time per year to volunteer toward local projects.
With the introduction of more than 1,000 diesel-electric hybrid buses in North America, 2006 is a breakthrough year for Cummins.
In 2008, Sun acquired 13-1/2 acres of land with over 28,000 sq. ft. of facilities in northwest Houston, off Highway 529 and US 290, solidifying our commitment to not only meet our customer current needs today, but also for our collective future.
After being promoted to President and Chief Operating Officer in 2009, Tom Linebarger is named Chief Executive Officer.
CARDONE also wins NAPA's 2011 innovation award for the successful launch of NAPA Total Eclipse Calipers.
Originally launched in 2013, these models are quiet, fuel efficient and easy to install.
In June, Michael Cardone, Jr. wins the EY Entrepreneur of the Year 2014 Lifetime Achievement Award.
The combination of the Power Generation and High Horsepower engine markets formed the Power Systems operating segment in 2016.
In November 2018, the Lincoln Lube dealership for mobile equipment for South Carolina was awarded to Sun Machinery Company.
Cummins was able to give $21.1 million back to our communities in 2018.
To help customers save time and get rewarded at the pump, Sunoco launched its new mobile app in 2018.
February 6, 2019, Cummins marks its 100 year anniversary by turning challenges into opportunities.
©2020 by Sun Machinery Company
In 2021, Sunoco launched its loyalty program.
© July 13, 2022 CARDONE Industries
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