Emerson was incorporated in Missouri in 1890. Originally engaged in the manufacture
and sale of electric motors and fans, Emerson subsequently expanded its product
lines through internal growth and acquisitions. Emerson is now engaged principally
in the worldwide design, manufacture and sale of a broad range of electrical,
electromechanical and electronic products, systems and services.
The divisions of Emerson are organized into the following business segments
based on the nature of the products and services provided: Process Control;
Industrial Automation; Electronics and Telecommunications; Heating, Ventilating
and Air Conditioning; and Appliance and Tools.
PROCESS CONTROL
The Process Control segment is a leading worldwide producer of process management
products including analytical and measurement instrumentation, valves, control
systems and integrated solutions for process and industrial applications. Products
include various types of meters such as Coriolis, magnetic flow meters, direct
mass flow meters, radar based tank gauging and instruments to measure water
quality. Other products include solid state telemetering equipment, distributed
control systems, electronic measurement, data acquisition and condition monitoring
equipment for use in industrial processing. In addition, Emerson manufactures
and sells temperature sensors, pressure sensors and transmitters used to measure
and/or control temperature, pressure, level and rate and amount of flow. Also
produced are process gas chromatographs, in-situ oxygen analyzers, infrared
gas and process fluid analyzers, combustion analyzers and systems, and other
analyzers which measure pH and conductivity. Emerson also manufactures and sells
sliding stem valves, rotary valves, butterfly valves, pressure regulators, and
related actuators and controllers. In addition, Emerson provides repair services
for many of these products, as well as engineered solutions and consulting services.
Emerson utilizes smart device diagnostic, monitoring and control capabilities
of the field-based plant architecture. Combined with consulting and implementation
services, the architecture performs device loop monitoring and repair, plant
optimization studies and project justification to systems integration and project
management. Brand names of this segment include Emerson Process Management,
Bettis, Brooks, CSI, Daniel, Delta V, El-o-matic, Fisher, Emerson Process Management
Process Systems, Micro Motion, PlantWeb, EnTech, Kenonic Controls, Rosemount,
SAAB Marine and Emerson Process Management Power & Water Solutions. Products
and services of this segment are provided to industrial end-users for process
and industrial applications and solutions.
INDUSTRIAL AUTOMATION
The Industrial Automation segment provides industrial motors, drives, controls
and equipment for industrial automation markets. Emerson's products for industrial
automation include certain kinds of integral horsepower motors, gear drives,
mechanical power transmissions, pump motors, alternators, industrial motor controls
and electronic variable speed drives. Emerson manufactures and sells components
for the transmission and regulation of mechanical power, such as certain kinds
of chains, sprockets, sheaves, gears, bearings, couplings and speed reducers,
programmable motion controllers and automation accessories. These products are
used primarily in industrial and commercial applications requiring the transmission
of mechanical motion or drive systems of various types. Emerson also manufactures
a line of multi-purpose pressure and solenoid valves, and pressure, vacuum and
temperature switches widely used in the automation of equipment and industrial
processes. Emerson also produces a variety of industrial and commercial ultrasonic
products for applications such as cleaning, sealing and welding. Other products
include material preparation and microstructure analysis equipment. Emerson
manufactures a broad line of components for current- and noncurrent- carrying
electrical distribution devices such as panelboards, receptacles, fittings,
cable handling reels and lighting products for use in hazardous and nonhazardous
environments. Brand names of this segment include Emerson Industrial Automation,
AMTECH, Appleton, ASCO, Branson, Browning, Buehler, Control Techniques, Emerson
Motion Control, Joucomatic, Kato Engineering, Kop-Flex, KVT, Leroy Somer, McGill,
MORSE, O-Z/Gedney, Rollway and SIRAI. Products of this segment are sold to industrial
distributors, original equipment manufacturers and end-users for automation
applications.
ELECTRONICS AND TELECOMMUNICATIONS
The Electronics and Telecommunications segment is a worldwide industry leader
in the design, manufacture, installation and maintenance of power solutions
for network-dependent businesses. Emerson produces and services electronic uninterruptible
and primary power supplies, power conditioning, precise power distribution equipment,
modular power systems, precision environmental control systems, cables and connectors,
cellular site structures and electronic components used in computing, communications
and industrial applications. Emerson also provides emergency and standby power
transfer solutions, automatic transfer switches and power systems that safeguard
data, telecommunications networks, industrial processes, and critical installations.
Brand names of this segment include Emerson Network Power, ASCO, Astec, Emerson
Energy Systems, HIROSS, Liebert and Liebert Global Services. Products and services
of this segment are provided to distributors and end-users for computer, industrial
and telecommunications applications.
HEATING, VENTILATING AND AIR CONDITIONING
The Heating, Ventilating and Air Conditioning segment provides a variety of
components and systems in virtually every aspect of climate-control engineering
and manufacturing, spanning industrial, commercial and residential applications
of air conditioning, refrigeration and heating. Emerson manufactures reciprocating
and scroll compressors for commercial and residential refrigeration and air
conditioning applications. Emerson also produces electronics, monitoring equipment
and electronic flow controls for gas and electric heating systems, refrigeration
and air conditioning equipment. Brand names of this segment include Emerson
Climate Technologies, Alco Controls, Copeland, Fusite, Therm-O-Disc and White-Rodgers.
Products and services of this segment are sold primarily to distributors and
original equipment manufacturers for inclusion in end products and systems (ultimately
sold through commercial and residential building construction channels).
APPLIANCE AND TOOLS
The Appliance and Tools segment provides motors, controls and other components
for appliance, industrial and comfort control applications, as well as disposers,
tools and storage products. Emerson manufactures and sells hermetic motors for
hermetically sealed compressors, and general and special purpose motors for
selected appliance, office equipment, ventilating equipment, pump, heater and
other motor-driven machine applications. Emerson also manufactures and sells
a variety of electrostatic air cleaners. In addition, Emerson manufactures and
sells a line of electrical products primarily for the residential markets, including
electric waste disposers, hot water dispensers, ventilating equipment and exhaust
fans. Emerson is a producer of selected professional and consumer tools and
accessories, and service equipment, principally for the professional tools and
service equipment market including plumbing, heating and air conditioning contractors,
construction and maintenance companies, petroleum and gas producers, refiners
and processors, and farm and home consumers. Emerson produces free-standing
and wall-mounted ventilated and wood laminate shelving and specialty storage
products. Also produced by Emerson for marketing by major retailers are wet/dry
vacuums and a line of hand tools including adjustable wrenches, screwdrivers,
pliers and chisels. Brand names of this segment include Emerson, Emerson Appliance
Solutions, Emerson Motor Technologies, Emerson Professional Tools, Emerson Storage
Solutions, ClosetMaid, Digital Appliance Controls, In-Sink-Erator, Knaack, Mallory,
METRO, RIDGID, Stack-a-Shelf, U.S. Electrical Motors and Weatherguard. Products
of this segment are sold to distributors and original equipment manufacturers
for inclusion in appliances, heating, ventilating, air conditioning and refrigeration
equipment and to distributors and retailers for sale to consumers and the professional
trades.
PRODUCTION
Emerson utilizes various production operations and methods. The principal production
operations are metal stamping, forming, casting, machining, welding, plating,
heat treating, painting and assembly. In addition, Emerson also uses specialized
production operations, including automatic and semiautomatic testing, automated
material handling and storage, ferrous and nonferrous machining and special
furnaces for heat treating and foundry applications. Management believes the
equipment, machinery and tooling used in these processes are of modern design
and are well maintained.
RAW MATERIALS AND ENERGY
Emerson's major requirements for basic raw materials include steel, copper,
cast iron, aluminum and brass and, to a lesser extent, plastics and other petroleum-based
chemicals.
COMPETITION
Emerson's businesses operate in markets that are highly competitive, and Emerson
competes on product performance, quality, service or price across the industries
and markets served. A significant element of the Company's competitive strategy
is its objective to manufacture high quality products at the lowest relevant
global cost. Although no single company competes directly with Emerson in all
of the Company's product lines, various companies compete in one or more product
lines. Some of these companies have substantially greater sales and assets than
Emerson, and Emerson also competes with many smaller companies. The number of
Emerson's competitors varies by product line, and management believes that Emerson
has a market leadership position in many of these product lines.
