| Market Capitalization (Millions $) |
6,552 |
| Shares
Outstanding (Millions) |
256 |
| Employees |
13,000 |
| Revenues (TTM) (Millions $) |
3,505 |
| Net Income (TTM) (Millions $) |
389 |
| Cash Flow (TTM) (Millions $) |
65 |
| Capital Exp. (TTM) (Millions $) |
80 |
Business Description
Power Transmission. Our Power Transmission solutions enable and control motion. They are used in applications in which belts, chains, cables, geared transmissions or direct drives transfer power from an engine or motor to another part or system. Belt-based power transmission drives typically consist of either a synchronous belt or an asynchronous belt (V-belt, CVT belt or Micro-V' belt) and related components (sprockets, pulleys, water pumps, tensioners or other accessories). Within our Power Transmission segment, we offer solutions across the following key application platforms:
Stationary drives: fixed drive systems such as those used in a factory driving a machine or pump, on a grain elevator driving the lift auger or in a distribution center driving automated equipment such as conveyor lines or robotic picking machines;
Mobile drives: drives on a piece of mobile machinery such as a combine harvester or a road compactor;
Engine systems: synchronous drives and related components for cam shafts and auxiliary drives and asynchronous accessory drives for air conditioning ('A/C') compressors, power steering, alternators and starter/generator systems;
Personal mobility: drives on motorcycles, scooters, bicycles, both traditional and electric, as well as on snowmobiles and other power sports vehicles that are used to transfer power between the power source and the drive wheel(s) or track; and
Vertical lift: elevators, cargo lifts and other applications in which a belt, cable, chain or other lifting mechanism is used to carry load.
Customers choose power transmission solutions based on a number of factors, including application requirements such as load, speed, gear ratio, temperature, operating environment, ease of maintenance, noise, efficiency and reliability, as well as the support they receive from their suppliers, including application-specific engineering services. Belt-based drive systems have many advantages over other alternatives, as they are typically clean, low-maintenance, lubrication-free, quiet with low-vibration, lightweight, compact, energy-efficient, durable and reliable. In applications where these advantages are valued, customers frequently choose belts over other forms of power transmission solutions.
Our belts are classified by their general design into asynchronous and synchronous belts; in addition, we also manufacture metal drive components and assemble certain product kits for the automotive replacement channel.
Asynchronous Belts. Asynchronous belts are our highest-volume products and are used in a broad range of applications. Asynchronous belts are made of proprietary rubber formulations, textiles and embedded cords for reinforcement. We were a pioneer in the design and manufacturing of V-belts, which draw their name from the shape of their profile. We also manufacture 'ribbed' V-belts, which are belts with lengthwise V-shaped grooves, which we market under the Micro-V' name. This design results in a thinner belt for the same drive surface, making it more flexible and offering improved efficiency through lower friction losses.
Company Address: 1144 Fifteenth Street Denver 80202 CO
Company Phone Number: 744-1911 Stock Exchange / Ticker: NYSE GTES
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