We are a leader in designing, developing, manufacturing, and marketing proprietary
engineered industrial products. We serve a wide variety of customers in varied
industries around the world. We were incorporated under the laws of the State
of North Carolina on January 11, 2002, as a wholly owned subsidiary of Goodrich
Corporation (“Goodrich”). The incorporation was in anticipation
of Goodrich’s announced distribution of its Engineered Industrial Products
segment to existing Goodrich shareholders. The distribution took place on May
31, 2002 (the “Distribution”).
We manage our business as three segments: a Sealing Products segment, an Engineered
Products segment, and a Power Systems segment. Our reportable segments are managed
separately based on differences in their products and services and their end-customers.
Dynamic elastomeric seals are used in rotating applications to contain the
lubricants that protect the bearings from excessive friction and heat generation.
Because these sealing products are utilized in dynamic applications, they are
subject to wear. Durability, performance, and reliability are, therefore, critical
requirements of our customers. These rotary seals are used in demanding applications
in the steel industry, mining and pulp and paper processing under well-known
brand names including KLOZURE® and Model 64®.
CPI designs, manufactures, sells and services components for reciprocating
compressors and engines. These components, which include packing and wiper rings,
piston and rider rings, compressor valve assemblies, divider block valves, compressor
monitoring systems, lubrication systems and related components are utilized
primarily in the refining, petrochemical, natural gas gathering, storage and
transmission, and general industrial markets. Brand names for our products include
Hi-Flo™, Valvealert™, Mentor™, Triple Circle™, CPI Special
Polymer Alloys™, Twin Ring™, Liard™, ProFlo™, Neomag™,
CVP™, XDC™, POPR™ and Protecting Compressors World Wide™.
The goal of our research and development effort is to strengthen our product
portfolios for traditional markets while simultaneously creating distinctive
and breakthrough products. We utilize a process to move product innovations
from concept to commercialization, and to identify, analyze, develop and implement
new product concepts and opportunities aimed at business growth.
We employ scientists, engineers and technicians throughout our operations to
develop, design and test new and improved products. We work closely with our
customers to identify issues and develop technical solutions. The majority of
our research and development spending typically is directed toward the development
of new sealing products for the most demanding environments, the development
of truck and trailer fleet information systems, the development of bearing products
and materials with increased load carrying capability and superior friction
and wear characteristics, and the development of power systems to meet current
and future emissions requirements while improving fuel efficiencies.
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